Money Laundering – Financing of Crime

There are many different forms of money laundering, both State and Federal, and there are an infinite number of methods used to launder money.  Criminal Enterprises are composed of sects within their organization; for example, Criminal Enterprises may be divided into Production, Processing, Transportation, Sales and Money Laundering.  Money Laundering is a necessary element of the Criminal Enterprise.  The Money Laundering aspect of any Criminal Enterprise is often the key to the organization as the top echelon of the organization has a greater need to launder money as it is the key resources due to the fungible and powerful nature of this type of property.

There are two basic types of money laundering transactions from an investigative perspective; Cash Out and Cash In.  Cash Out are those transactions in which the money is flowing away from the launderer.

Statutory Controls aimed at Money Laundering are either prohibitions on certain types of conduct, transaction reporting requirements designed at making money laundering harder by making it hard to get cash into the financial system or use it in large quantities, and the licensing and regulation of money transmitters or those plugged into the financial system.  These Statutory Controls are enforced by State and Federal prosecutors using criminal and civil remedies.

Money Laundering and the Financing of Crime is an ever evolving area with creative and complex legal issues that revolve around the discovery and concealment various financial activities.


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