Skip to Main Content
Money Laundering, 3rd Edition
book

Money Laundering, 3rd Edition

by John Madinger
December 2011
Intermediate to advanced content levelIntermediate to advanced
430 pages
24h 30m
English
CRC Press
Content preview from Money Laundering, 3rd Edition
Banking Operations 149
record identifying information.) Funds can also be withdrawn
from a customer’s account to pay for the cashier’s check.
Cashier’s checks provide fabulous leads in a nancial
investigation because they are so often used for the acqui-
sition of big-ticket assets such as houses, cars, boats, and
businesses. Cash is nice, but legitimate individuals and busi-
nesses do not want the problems connected with accepting
several hundred thousand dollars in small bills for a large
purchase. Similarly, they may want more security than they
can get from a personal check. The cashier’s check provides
a perfect balance.
The other reason that cashier’s checks make good leads is
that they are traceable. The tracing process ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Trade-Based Money Laundering

Trade-Based Money Laundering

John A. Cassara, Chip Poncy

Publisher Resources

ISBN: 9781439869123