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Out of curiosity, what are the favored money laundering methods of modern day? More creative/impressive one you've heard of?
by Shinkei 13y ago
Out of curiosity, what are the favored money laundering methods of modern day? More creative/impressive one you've heard of?
- tragic 13y ago> Out of curiosity, what are the favored money laundering methods of modern day? HSBC. EDIT: see here for example: http://www.theguardian.com/business/2012/dec/11/hsbc-bank-us-money-laundering http://www.theguardian.com/business/2012/dec/11/hsbc-bank-us... That's a 'record fine' cheaper than some of those bot-war books, but there you go.
- corresation 13y agoOn the smaller scale (e.g. not billion dollar drug cartels), the primary mechanisms remain cash-based service business fronts and casinos. The more novel vehicles that took off in the 1990s was through insurance, where reporting was significantly more lax and the payouts were less tied to to the inputs. Enormous new regulations as a reuslt of 9/11 (and anti-terrorism financing) put dramatic new controls, such that large, third-party payments, or irregular situations will always get flagged and submitted to the government(s) for review.