Welcome to 2012! I hope everyone had a great New Year and all my readers (and everyone for that matter) have my wishes for a great and prosperous New Year!
Well, let's get back to Viktor Bug - arms dealer extraordinaire.
But is suspected of selling arms to Liberia during the civil war in that country. The Liberian civil war, fought in the 1980's and 90's was a particularly nasty war in which hundreds of thousands of civilians were killed or wounded (ironic since the country was founded as a haven for freed American slaves and the capital, Monrovia, is named after former President James Monroe).
But was allegedly getting paid by multiple factions for his supply of weapons. He would get paid in American dollars or, sometimes, diamonds or other gems. When But would get paid in American dollars, it would make sense that But would have to go through the normal processes of money laundering. Remember from our previous discussions on money laundering, there are three stages to a successful laundering operation: (1) placement; (2) layering; (3) integration. The money has to be placed (such as in financial institutions or to buy high value goods with the cash. Then, the money has to be layered (financial operations to separate the money from the source) and finally, integration (where the money is fully integrated with the economic system.
Well, let's get back to Viktor Bug - arms dealer extraordinaire.
But is suspected of selling arms to Liberia during the civil war in that country. The Liberian civil war, fought in the 1980's and 90's was a particularly nasty war in which hundreds of thousands of civilians were killed or wounded (ironic since the country was founded as a haven for freed American slaves and the capital, Monrovia, is named after former President James Monroe).
But was allegedly getting paid by multiple factions for his supply of weapons. He would get paid in American dollars or, sometimes, diamonds or other gems. When But would get paid in American dollars, it would make sense that But would have to go through the normal processes of money laundering. Remember from our previous discussions on money laundering, there are three stages to a successful laundering operation: (1) placement; (2) layering; (3) integration. The money has to be placed (such as in financial institutions or to buy high value goods with the cash. Then, the money has to be layered (financial operations to separate the money from the source) and finally, integration (where the money is fully integrated with the economic system.
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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