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Large loans and real estate deals are not the type of money laundering this software detects. It is looking for unusual transaction flows between accounts. For
by TACIXAT 7y ago
Large loans and real estate deals are not the type of money laundering this software detects. It is looking for unusual transaction flows between accounts. For example, if an account receives large amounts money for inconsistent purposes (e.g. computer services and farm equipment), or has large amounts of money flow through it while maintaining a relatively low average balance (e.g. 10 million received and sent when the account normally has 40k in it).
While money is absolutely laundered via real estate and art, that's not what this software detects. The podcast The Dark Money Files is really good if you want to learn more about this. [1]
1. https://www.buzzsprout.com/242645 https://www.buzzsprout.com/242645
- wavefunction 7y ago>unusual transaction flows between accounts That's actually specifically what the linked article is about. Trump and Kushner were flagged for suspicious transactions involving Russians and Russian entities, not "loans and real estate deals" as far as anyone can tell.
- TACIXAT 7y agoReally? I didn't see anything about Russia in that article. It seemed mostly about sweetheart loans for Trump in exchange for holding money or buying bonds from Deutsche.
- atr_gz 7y agoThe person you're replying to must have thought it was this article: https://www.nytimes.com/2019/05/19/business/deutsche-bank-trump-kushner.html https://www.nytimes.com/2019/05/19/business/deutsche-bank-tr...