This next series of columns examines the financial cost of money laundering on the world's economic system. We have already explored what is money laundering and the three stages of a money laundering operation. Money laundering is, in and of itself, not difficult.
But, as the title of this post suggest, so what? Who cares? Aside from the point that it covers up the proceeds of illegal operations, what exactly is so bad about money laundering and why should we care about it?Certainly in the grand scheme of things there are more important matters for our concern.
As we will see, however, money laundering affects many people, especially in this post-911 world. It is not just a way for Vinnie and Luigi (or, if you prefer, Sergei and Vladislav), to hide their ill-gotten gains dealing drugs or running bootleg liquor. The affects on the world are much more severe. And, we will analyze this by looking at several countries who are affected by these operations.
In the meantime, as we begin, enjoy this little article about the late, great Tom Delay, once speaker of the House, now fighting money laundering charges.
http://www.mysanantonio.com/news/local_news/article/DeLay-files-wide-appeal-on-money-laundering-1974908.php
As always, have a great and fraud-free day.
http://www.tauskvega.com
-------------->>>>>>>>>>>>>>>>gene tausk
But, as the title of this post suggest, so what? Who cares? Aside from the point that it covers up the proceeds of illegal operations, what exactly is so bad about money laundering and why should we care about it?Certainly in the grand scheme of things there are more important matters for our concern.
As we will see, however, money laundering affects many people, especially in this post-911 world. It is not just a way for Vinnie and Luigi (or, if you prefer, Sergei and Vladislav), to hide their ill-gotten gains dealing drugs or running bootleg liquor. The affects on the world are much more severe. And, we will analyze this by looking at several countries who are affected by these operations.
In the meantime, as we begin, enjoy this little article about the late, great Tom Delay, once speaker of the House, now fighting money laundering charges.
http://www.mysanantonio.com/news/local_news/article/DeLay-files-wide-appeal-on-money-laundering-1974908.php
As always, have a great and fraud-free day.
http://www.tauskvega.com
-------------->>>>>>>>>>>>>>>>gene tausk
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