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AML Basics

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Global Witness produced the images that follow, very recently. I reproduce them with their permission. They’re powerful for one good reason. They’re just what happens. Crime is as easy as they portray. The question is,  which politicians are willing to stand up and change this?
Life insurance policies having a cash surrender value are of particular interest to money launders as they provide attractive a money laundering vehicles. The cash value of policies can be redeemed by a money launderer or may be used as a source of further investment of tainted funds, for...
May 7 2028 The news, reported in the Washington Post, that Donald Trump used cash for many of his real estate transactions in the decade before he became president, has raised eyebrows. As David Fahrenthold, one of the reporters on the Post story, told Slate, “I don’t think that lenders have a lot...
January 4 2018 If Michael Wolff’s reporting is to be believed, Stephen K. Bannon’s assessment of the most dangerous threat posed by special counsel Robert S. Mueller III’s investigation is not the one you might have assumed. Real estate, it seems, is central to the charge Bannon made, given the involvement...
  Any asset that can be bought and sold within a short frame is very lucrative to money launderers. Hence, it is common to see Precious Metals, art, cars and even real estate being used for money laundering. Online electronic online casino payments methods like E-Bay and PayPal too are...
1 May 2018 Criminals have long used money laundering schemes to conceal illegal activity. Now, technological advancements are making it even harder to police such schemes. With the advent of online platforms came fraudulent schemes used to scam people out of their money, hack accounts and defraud internet users. The proliferation...