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© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2023

K. SullivanAnti-Money Laundering in a Nutshellhttps://doi.org/10.1007/979-8-8688-0066-5_2

2. Methods of Money Laundering

How Do They Do the Voodoo That They Do?

Kevin Sullivan¹

(1)

Flowery Branch, GA, USA

Bulk Cash Smuggling

Money Service Business (MSB)

Regulations Involving Money Service Businesses

How a Wire Works

Trade-Based Money Laundering (TBML)

Over- and Under-Invoicing of Goods

Black Market Peso Exchange

Underground Banking System (Hawala)

Red-Flag Indicators of Trade-Based Money Laundering (TBML)

Correspondent Banking

Cash-Intensive Business

Real Estate ...

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