Crime School: Money Laundering: True Crime Meets the World of Business and Finance

by Mathers, Chris

• ISBN13: 9781552979938
• ISBN10: 1552979938
• Format: Paperback
• Copyright: 2004-07-31
• Publisher: Firefly Books Ltd

Summary

The chilling details of cleaning blood money.What is money laundering? How does it work? And why is it such a threat to any democratic society?International terrorism has focused federal and state law-enforcement's attention on the shadowy world of money laundering. While the media has examined money laundering, the topic is still little understood by the public.In Crime School: Money Laundering, a twenty year law enforcement veteran of financial crime explains this felony in simple terms. Written anecdotally, the book describes what money laundering is and how the crimes behind it fit together.Organized criminals operating both domestically and internationally corrupt bankers and subvert national economies through the use of drug money.This book examines the history of money laundering from ancient times to the cocaine craze of the 1970s to the sophisticated, brutal techniques employed by today's terrorists and organized crime.Lively and detailed, this book chronicles the stark realities and deadly dynamics of the lynchpin between organized crime and modern terrorism. It's a rare and fascinating look at a deadly world few have ever witnessed and lived to tell the story.

Author Biography

Chris Mathers worked undercover for the FBI, DEA, and RCMP. He is an authority on money laundering and has been Vice-President of KPMG Forensic Inc. since 1995. He serves as a consultant for films relating to organized crime, espionage and money laundering, for example Don't Say a Word, starring Michael Douglas.

Table of Contents

FOREWORD	11	(2)
PREFACE	13	(4)
ACKNOWLEDGMENTS	17	(4)
WHAT IS MONEY LAUNDERING?	21	(12)
History of Money Laundering	21	(1)
Substantive Offenses	22	(2)
Show Me the Money	24	(1)
Serious Money	25	(5)
The Financial Action Task Force	30	(3)
ORGANIZED CRIME	33	(58)
All Mobbed Up and No Place to Go	37	(2)
Casinos	39	(1)
Outlaw Motorcycle Gangs	40	(2)
Strip Clubs and Brothels	42	(3)
The Bankruptcy of Murder, Incorporated	45	(4)
Art Appreciation	49	(3)
General Noriega's Kingdom	52	(4)
Hold the Pepperoni	56	(1)
Dopers I Have Known	57	(5)
The Russians Are Coming	62	(2)
A Formula for Success: (YBM + RTO + TSE) = FBI	64	(2)
The Bank of New York	66	(2)
Should It Be Legal?	68	(3)
A Day in the Life of the Drug Trade	71	(6)
Avi and Albert's Boiler Room	77	(3)
Gangster Schtick	80	(4)
False Identification and Documentation	84	(3)
Identity Theft and Other Misconceptions	87	(4)
GETTING MONEY INTO BANKS	91	(12)
Uri, I Hardly Knew Ya...	91	(1)
Blackmail and Extortion	92	(5)
Six for Five	97	(2)
The Strange Case of Judge Robert Flahiff	99	(4)
TERRORISTS	103	(20)
Crime and Terror	103	(1)
Terrorist Financing	104	(2)
Osama, Your Mama	106	(4)
Ideology or Greed?	110	(5)
Drug Dealing for the Cause	115	(1)
How's Your Mom?	116	(1)
Honey. I'm Home.	117	(3)
A Cache for Cash	120	(3)
DOMESTIC BANKING AND SECURITIES	123	(26)
KYC = CYA	123	(4)
A King or a Kingpin ?	127	(9)
The Four (+1) Basic Principles of Money Laundering Compliance	136	(2)
Know Your Employees	138	(1)
The Muffin Man	139	(3)
The Securities Market	142	(3)
Cash Intensive Businesses	145	(2)
Smurfs	147	(2)
OFFSHORE BANKING	149	(37)
Why Go Offshore?	150	(2)
Currency Smuggling	152	(2)
The Black Market Peso Exchange	154	(2)
The Much Maligned Cayman Islands	156	(3)
The Name is Gibbs...Brian Gibbs	159	(4)
Russia	163	(3)
Ukraine	166	(1)
Private Banking	167	(1)
Correspondent Banking	168	(2)
Don't Deal Dope without It	170	(2)
Buddy, Can You Spare a Dinar?	172	(3)
Why Not Buy Your Own Bank?	175	(5)
Hawallah by any Other Name	180	(2)
Forgery Documents	182	(2)
Counterfeit Passports	184	(2)
JAIL	186	(13)
So You're Going to Prison!	187	(2)
At Least It's a North American Institution	189	(1)
What to Expect on the Inside	190	(1)
After the Verdict and Sentencing	191	(3)
Sizing You Up	194	(1)
The College of Criminal Knowledge	195	(4)
COPS, CASH AND CORRUPTION	199	(18)
It Isn't Money, It's Evidence	199	(6)
A Million Ways to Get into Trouble?	205	(12)
ECONOMIC SUBVERSION AND THE GRAY MARKET ECONOMY	217	(10)
One Hour Later, You'll Feel Like Laundering Money Again!	217	(2)
Ya Gotta Leave Your Keys	219	(1)
You Want Fries With That?	219	(4)
Swingers	223	(4)
Conclusion	227	(2)
Endnotes	229	(4)
Index	233