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Financial Investigations

Submitted by nene2107 on February 5, 2008

Category: Miscellaneous
Words: 2431 | Pages: 10
Views: 116
Popularity Rank: 83,760
Average Member Grade: N/A (Add a Comment / Grade this Paper)



Money Laundering

CJ 365 Financial Investigations

Research Paper












Contents

I. Introduction
II. A Little bit of History
III. “Dirty Money” -What is Money Laundering
IV. The Wash Cycle - Placement, Layering and Integration
V. The Global Spin Cycle - “Follow the Money”
VI. The Dryer – Effects of Money Laundering
VII. The Ironing - Legislation
VIII. Hang it in the Closet – Success Stories
IX. The Way forward
X. Conclusion
XI. Works Cited


















I. Introduction


Working in the banking industry for several years exposed me to a process of form completion that I did not fully understand. Authorities bombarded us daily with regulations and their emphasis focused on what would happen to us if we did not comply. Afraid of going to jail we followed the rules never understanding the reasons behind what we were doing. We never thought to question the authorities because of the manner in which they instilled these laws.

Meanwhile, in my quest for higher learning I have come to understand the reasons behind the anxiety of our authorities at the time. In this paper, we will unravel what I have learned regarding the very interesting concept of money laundering and how it affects everyone in his or her daily lives. Together we will discover where this concept originated from, what it is, how it works and affects everyone on a global scale. Then we will discuss money-laundering legislation. We will also look at the role of technology and the challenges that it creates in efforts to curb criminal activities.

Because money laundering is a process and a...

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