OK - we have reviewed how money is "laundered." In essence, this is how all money laundering is done, from the very low amounts of a few thousand dollars to the billions of dollars that are laundered almost weekly through the world's financial systems. All it takes are these three steps: placement, layering, integration. These three steps are necessary for all operations.
What then, makes money laundering such a huge issue? Why are governments, and world national (and transnational bodies) upset and fearful of money laundering operations? Well, we will be covering this in the next series of posts, but the basic answer is: money laundering is the way to fund illegal operations.
There is a basic statement and rule of thumb for all white-collar and fraud investigations and prosecutions: follow the money. This is how most white collar and fraud operations are ultimately "busted" by the police and authorities. Once the source of the money is found, the game, as they say, is up. This is why money needs to be whitewashed so it cannot be followed.
So, we now know how money is laundered. The next step is to determine why it is such a threat, and we will be doing this in the next series of posts.
As always, have a great and fraud-free day.
http://www.tauskvega.com
------------>>>>>>>>>>>>>>>gene tausk
What then, makes money laundering such a huge issue? Why are governments, and world national (and transnational bodies) upset and fearful of money laundering operations? Well, we will be covering this in the next series of posts, but the basic answer is: money laundering is the way to fund illegal operations.
There is a basic statement and rule of thumb for all white-collar and fraud investigations and prosecutions: follow the money. This is how most white collar and fraud operations are ultimately "busted" by the police and authorities. Once the source of the money is found, the game, as they say, is up. This is why money needs to be whitewashed so it cannot be followed.
So, we now know how money is laundered. The next step is to determine why it is such a threat, and we will be doing this in the next series of posts.
As always, have a great and fraud-free day.
http://www.tauskvega.com
------------>>>>>>>>>>>>>>>gene tausk
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