CHAPTER2

Methods of Money Laundering

How Do They Do the Voodoo That They Do

When you get down to the nuts and bolts of laundering money, there are ­basically only three methods to move and clean dirty money.

  • Using the legitimate financial system (for example, moving money through banks, MSBs,1 and so on)
  • Physically moving the money (for example, transporting bulk cash via shipments across the border)
  • Physically moving goods through the trade system

In this chapter, I will describe some of the various methods of money laundering. This in no way is a complete list. Money laundering is constantly evolving, and new methods and techniques are always being developed. Every time the good guys build a 10-foot fence, the bad guys will construct an 11-foot ...

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