As we already know, the final stage of money laundering is the integration phase, when the monies are introduced into the financial system having been "cleaned" and therefore above scrutiny (or allegedly above such scrutiny).
For arms dealers, like any money launderers, this is the most important phase. Let's look again at the movie "Lord of War" where the fictionalize character of Viktor But (Yuri Orlov) enjoys a high lifestyle of deluxe penthouses, private jets and limosines. The only way he can maintain this lifestyle is through the constant sales of arms and flow of money. Unlike regular businessmen, however, Orlov has to go through the additional stages of money laundering to get the funds he needs. Ultimately, this is how he is caught.
This is one of the strange episodes when working with arms dealers. Often, the dealers are caught not because of their arms dealings, but because of sloppy money laundering which leads to federal and international prosecution. Yet another reason that money laundering can be as great as a threat as the arms dealing itself.
For arms dealers, like any money launderers, this is the most important phase. Let's look again at the movie "Lord of War" where the fictionalize character of Viktor But (Yuri Orlov) enjoys a high lifestyle of deluxe penthouses, private jets and limosines. The only way he can maintain this lifestyle is through the constant sales of arms and flow of money. Unlike regular businessmen, however, Orlov has to go through the additional stages of money laundering to get the funds he needs. Ultimately, this is how he is caught.
This is one of the strange episodes when working with arms dealers. Often, the dealers are caught not because of their arms dealings, but because of sloppy money laundering which leads to federal and international prosecution. Yet another reason that money laundering can be as great as a threat as the arms dealing itself.
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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