As we move into discussing money laundering, we must why it is necessary for an arms dealer to launder his money in the first place.
Remember what we discussed earlier - the arms trade is a heavily regulated and controlled industry. Many laws, both internal (per country) and international exist to control the flow of weapons. This makes sense, of course. The international trade in weapons can destabilize entire governments and countries. Government try (or at least pretend to) control this arms flow for these reasons. Also, there are national security considerations. The United States would not really want Iran to get its advanced weaponry which obviously could be used against it in a possible future conflict.
Therefore, if an arms dealer wants to transfer and sell arms illegally, he cannot of course "report" his income to tax authorities and it is impossible to make large bank deposits without raising some alarms. Hence, arms dealers also have to resort to money laundering and shady deals to try and avoid detection. Arms dealing goes hand-in-hand with fraud and white collar crime.
Remember what we discussed earlier - the arms trade is a heavily regulated and controlled industry. Many laws, both internal (per country) and international exist to control the flow of weapons. This makes sense, of course. The international trade in weapons can destabilize entire governments and countries. Government try (or at least pretend to) control this arms flow for these reasons. Also, there are national security considerations. The United States would not really want Iran to get its advanced weaponry which obviously could be used against it in a possible future conflict.
Therefore, if an arms dealer wants to transfer and sell arms illegally, he cannot of course "report" his income to tax authorities and it is impossible to make large bank deposits without raising some alarms. Hence, arms dealers also have to resort to money laundering and shady deals to try and avoid detection. Arms dealing goes hand-in-hand with fraud and white collar crime.
NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE. IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.
Have a great and fraud-free day.
----------à>>>>>>>>>>>>>>>gene tausk
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