![]() German writes of a “Vancouver model” – a term created by an Australian professor that includes a dynamic in which money is laundered from Vancouver into and out of China and to other locations, including Mexico and Colombia. act as the source of funds for domestic criminals laundering money, and cleanse money for foreign criminal elements.” “Still others such as the U.K., Canada and the U.S. He says that some countries act as sources of illegal money and others facilitate the cleansing process. “Through the process of placement, layering and integration, the money launderer will effectively accomplish three objectives: conversion of bulk proceeds of crime into another form, concealment of its origin and ownership, and creation of an ‘alibi’ for the funds,” Mr. Proceeds can be used to purchase consumer goods, real estate, luxury cars or boats or even reinvested in illegal business to pay bribes, lawyers or provide personal security.
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