8 | Money Laundering |
LEARNING OBJECTIVES
♦ | Introduction |
♦ | The process of money laundering |
♦ | Various methods of money laundering |
(a) | Structuring |
(b) | Bulk cash smuggling |
(c) | Trade-based laundering |
(d) | Shell companies are trusts |
(e) | Round-tripping |
(f) | Bank capture |
(g) | Black salaries |
♦ | Effects of money laundering |
(a) | On business |
(b) | On economic development |
(c) | On society |
♦ | Steps taken by the government to prevent money laundering |
♦ | International organisations and conventions |
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