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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