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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
Money Transfers 177
Bell did nothing (transfer request, etc.) to initiate this trans-
fer, and he probably doesn’t even know how it is taking place.
His company, Panama Produce, will get a credit memo and
an advice letting them know the funds have been received at
Banco de Darien.
Bell repatriates his money directly back from Panama
(though, again, in real life he would layer the transactions) in
Figure 15.12. He instructs Panama Produce to wire $250,000
to South Shore Shipping, a front company he owns in New
Jersey. Messages initiating this transfer are sent via SWIFT,
and the funds are transferred using the CHIPS settlement
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Publisher Resources

ISBN: 9781439869123