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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
Diabolically Clever Laundering Schemes 253
payments. Money launderers found that this scheme worked
quite nicely for illegal incomes as well.
The loan-back concept is a variation on the banking–
business combination scheme. It is based on two simple
precepts: Loans are a source of money that can explain
wealth, and loans have certain important tax benets.
Remember that in the integration phase of the laundering
process, the criminal is hoping to make the ill-gotten gains
come from some legitimate-appearing source. Having suc-
cessfully placed and layered the money, he or she is looking
for some explanation for where it ...
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Publisher Resources

ISBN: 9781439869123