We were talking about arms dealers being paid in diamonds and other precious stones to avoid the problem of having to deal with getting "paid" and having to report the income (which, of course, would immediately reveal the issue of arms dealing in the first place). This leads, of course, to the obvious issue of just how problematic money laundering operations can be on a larger scale, namely that the illegal trafficking of arms (or other illicit materials) can lead to the sale of illegal diamonds.
Not to cite another film here, since we are already referencing "Lord of War," but the film "Blood Diamond" comes to mind as we discuss this issue. In "Blood Diamond," the illegal trafficking of diamonds from Sierra Leone during that country's horrific civil war helped to keep the rival militias and armies well armed so they could continue their conflict well after most other conflicts would have died out from lack of money. But, because of arms dealers who were more than happy to be paid in diamonds and could not care less from where the diamonds came from, a mutually assisted continual circle of death came about as the arms dealers and illegal diamonds merchants fed off each other.
Money laundering, therefore, and illegal arms dealing go hand-in-hand, like most criminal enterprises.
Not to cite another film here, since we are already referencing "Lord of War," but the film "Blood Diamond" comes to mind as we discuss this issue. In "Blood Diamond," the illegal trafficking of diamonds from Sierra Leone during that country's horrific civil war helped to keep the rival militias and armies well armed so they could continue their conflict well after most other conflicts would have died out from lack of money. But, because of arms dealers who were more than happy to be paid in diamonds and could not care less from where the diamonds came from, a mutually assisted continual circle of death came about as the arms dealers and illegal diamonds merchants fed off each other.
Money laundering, therefore, and illegal arms dealing go hand-in-hand, like most criminal enterprises.
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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