Table of Content: Cash Business Scheme Casino Scheme Smurfing Scheme Do you want to know about examples of money laundering. There are several common types of money laundering, including cash business schemes, casino schemes, and smurfing schemes. A complete money...

A predicate offense, or predicate crime, refers to a crime which is a component of a larger crime. In a financial context, the predicate crime would be any crime that generates monetary proceeds. The larger crime would be money laundering or financing of...

Table of Content: Money Laundering Method 1: Online Marketplaces Money Laundering Method 2: Peer-to-Peer payments and messaging apps Money Laundering Method 3: Gift and prepaid cards Money Laundering Method 4: Cryptocurrencies Do you want to knowhow many are there...

Table of Content: Method 1: Multi-jurisdictional structures Method 2: Intermediaries and professionals Method 3: Using nominees Method 4: Shell companies  Did you ever wonder why money launderers go to all the effort of setting up companies and corporate...

Table of Content: Step 1: Drug cartel makes cash for the sale of drugs Step 2: Money broker purchases money for a discount Step 3: Money Broker contacts money exchangers Step 4: Money exchangers sell money to local import businesses Step 5: Exporter gets money and...

Table of Content: Economic Consequences Business Consequences Social Consequences Money laundering is detrimental to a country, although this is quite difficult to quantify. In fact, there are many negative risks and effects from money laundering, and governments are...

Table of Content: Casinos Cash-intensive businesses Car Dealerships Real Estate Non-financial businesses can be a good opportunity for criminals and money launderers as well, but, in comparison, require a different strategy or setup. Non-financial businesses are less...

Table of Content: Wire Transfers Private Banking Credit Cards Money Services Businesses Financial businesses are usually the ones who are most frequently misused for money laundering purposes. Especially the larger money laundering cases almost always involve a...

Table of Content: Over-invoicing or under-invoicing Over-shipping or short-shipping Ghost-shipping Shell companies Multiple invoicing Black market trades Trade-based money laundering methodologies are oftentimes involving a misrepresentation of the value of the goods...

Table of Content: What is a Shell Company? What is a Shelf Company? What is a Front Company? Front Company Examples There is a vast number of highly complex corporate vehicles such as corporations, partnerships and trusts. They are all excellent methods to maximize...