Title:
Money laundering : a guide for criminal investigators
Author:
Madinger, John.
ISBN:
9781439869123
Personal Author:
Edition:
3rd ed.
Publication Information:
Boca Raton, FL : Taylor & Francis, c2012.
Physical Description:
xxi, 407 p. : ill. ; 29 cm.
General Note:
Previous ed.: 2006.
Formerly CIP.
Contents:
Machine generated contents note: ch. 1 Basic Concepts -- Money, Money, Money -- The Evolution of Money -- Money Laundering -- The Money Laundering Cycle -- Rex v. William Kidd, et al.: A Case of Piracy -- Money Laundering Facts -- Key Points to Consider -- ch. 2 The Historical Context -- Analysis of the Watergate Money Laundering Scheme -- Did CRP or its representatives conduct a financial transaction? -- What was the object of the money laundering scheme and what charges might apply? -- What was the underlying criminal activity (specified unlawful activity)? How would this activity be documented? -- How far did the committee get into the money laundering cycle? -- How could law enforcement have detected this scheme? -- More Money Laundering Schemes -- American Airlines -- Braniff Airlines -- George Steinbrenner and American Shipbuilding -- ch. 3 Federal Money Laundering Statutes -- The Money Laundering Control Act -- Title 18 U.S.C. [§]1956 (a) (1) --
Contents note continued: The Money Was Proceeds of an SUA -- The Defendant Knew That the Money Was Proceeds of an SUA -- Defendant Used "Proceeds" -- The Defendant Conducted or Attempted to Conduct a Financial Transaction -- The Defendant Acted with Intent -- Title 18 United States Code [§]1956 (a) (2): The International Transportation Offense -- Title 18 U.S.C. [§]1956 (a) (3): The "Sting" Provision -- Title 18 U.S.C. [§]1957 -- Title 18 U.S.C. [§]1956 (h): Conspiracy -- Other Issues -- Venue and Statute of Limitations -- Sentencing -- Frequently Asked Questions about SUAs -- ch. 4 The USA PATRIOT Act -- Criminal Sanctions -- Bulk Cash Smuggling -- Forfeiture -- Regulatory Action -- Prohibition on US Correspondent Accounts with Shell Banks (31 U.S.C. 5318 (j); Act Section 313) -- Availability of Bank Records -- Due Diligence for Private Banking and Correspondent Accounts (31 U.S.C. 5318 (i); Act Section 312) --
Contents note continued: "Special Measures" for Certain Jurisdictions, Financial Institutions, International Transactions, and Accounts (31 U.S.C. 5318A; Act Section 311) -- Standards for Verification of Customer Identification (31 U.S.C. 5318(1); Act Section 326) -- Suspicious-Activity Reporting (31 U.S.C. 5331, Act Section 365) -- Forfeiture of Funds in US Interbank Accounts (18 U.S.C. 981(k); Act Section 319) -- Anti-Money-Laundering Program Requirement (31 U.S.C. 5318(g); Act Section 352) -- Filing of SARs by Securities Brokers and Dealers (Act Section 356) -- Filing of SARs by Businesses (31 U.S.C. 5331; Act Section 365) -- Penalties (31 U.S.C. 5321, 5322, 5324; Act Sections 353 and 363) -- Sunset Provisions -- Effects of the USA PATRIOT Act -- USA PATRIOT Improvement and Reauthorization Act of 2005 -- ch. 5 Money Laundering Forfeiture -- Money Laundering Forfeiture -- Civil Forfeiture -- What Can Be Seized? --
Contents note continued: Title 18 U.S.C. [§]981 (Civil Money Laundering Forfeiture) -- Title 18 U.S.C. [§]984 (Civil Forfeiture of Fungible Property) -- Procedures for Civil Seizures Under [§]981 (b) -- Seizure Incident to Lawful Arrest or Search -- Seizure Made with Seizure Warrant -- Administrative Forfeiture Proceedings -- Section 982 Criminal Forfeiture -- Criminal Forfeiture Statute: 18 U.S.C. [§]982 -- What Property Is Subject to Criminal Money Laundering Forfeiture? -- The Criminal Forfeiture Process -- Substitution of Assets -- Special Forfeiture Issues -- Preseizure Planning -- Grand Jury Information in Forfeiture Cases -- Non-Grand-Jury Information -- Seizure of Real Property -- Equitable Sharing -- ch. 6 Related Federal Statutes -- Bank Secrecy Act -- Reports Required by the BSA -- Currency Transaction Report -- Report of International Transportation of Currency or Monetary Instruments -- Currency Transaction Report by Casinos --
Contents note continued: Foreign Bank Account Report -- Suspicious Activity Report -- Report of Cash Payments over $10,000 Received in a Trade or Business -- Business Registration -- Penalties Under Title 31 -- Investigations Under Title 31 -- Racketeer Influenced and Corrupt Organizations Act -- Illegal Money Transmitter Businesses -- Investment of Illicit Drug Profits -- False Statements -- ch. 7 International Money Laundering Control -- International Organizations -- INTERPOL -- United Nations -- British Commonwealth -- Financial Action Task Force -- Organization of American States -- The Egmont Group -- Other Initiatives -- Impact on Law Enforcement -- Obtaining Information from Abroad -- ch. 8 Introduction to Financial Investigation -- Case Study: Treason -- The Importance of Context -- A "How-To" Guide to Financial Investigation -- Looking Ahead -- ch. 9 Introduction to Books and Records -- The Capone Organization -- Accounting Principles --
Contents note continued: The Dreaded Debits and Credits -- Analyzing the Balance Sheet -- Analyzing the Income Statement -- Using Books and Records in a Financial Case -- Conclusion -- ch. 10 Indirect Methods of Proving Income -- Indirect Methods -- Net Worth -- Defenses to Net Worth -- Conclusion -- Source and Application of Funds -- Bank Deposits -- Unit and Volume -- Application in Money Laundering Cases -- Crime of the Century---Laundering the Hottest Money in America -- ch. 11 Business Operations -- Proprietorships -- Partnerships -- General Record Information -- Terms Used in Connection with Partnerships -- Corporations -- Corporate Advantages and Disadvantages -- For the Investigator -- Corporate Criminal Liability -- Other Business Entities -- Summing Up -- ch. 12 Domestic Banking -- Money and Banking -- Borrowing and Lending -- Bank Regulation and Control -- Bank Management and Operation -- Bank Functions -- Making Loans -- Receiving Deposits --
Contents note continued: Hold and Administer Property for Others -- Not All Banks Are Created Alike -- Resources on Banking -- ch. 13 Banking Operations -- Making Loans -- Consumer Loan Types -- Mortgage Loans -- Secured Property Loans -- Secured Cash Loans -- Credit Card Loans -- Personal Lines of Credit -- Overdraft Protection -- Student Loans -- Home Equity Loans -- Miscellaneous Loans -- The Loan Process -- Receiving Deposits -- Paying Checks -- Check 21---Big Changes for Banks (Almost) Everywhere -- Monthly Account Statements -- Transferring Funds -- Cashier's Checks -- Bank Money Orders -- Bank Drafts -- Traveler's Checks -- Certified Checks -- Exchange Instruments -- Holding and Administering Property for Others -- Collecting and Processing Financial Instruments -- Other Services -- Currency Exchange -- Services for Business -- Trust Department Services -- Bank Recordkeeping and Reporting -- ch. 14 International Banking -- International Transactions -- Cash in Advance --
Contents note continued: Documentary Letters of Credit -- Documentary Collection -- Open Account -- Basic Documents Used in International Trade -- Letters of Credit -- A Money Laundering Scheme Involving a Letter of Credit -- Documentary Collections -- Document Collection Process -- Banker's Acceptance -- Foreign Exchange -- International Banking -- International Banking Services Offered by US Banks -- Foreign Bank Accounts -- Types of Accounts -- Opening a Swiss Account -- Account Identification -- Documents Available from Foreign Banks -- UBS and the Cracking Wall of Swiss Secrecy -- ch. 15 Money Transfers -- Starting Small: Licensed Money Transmitters -- Operation -- Records -- Use of Remittance Corporations in Money Laundering Schemes -- Major Electronic Funds Transfer Systems: Fedwire, CHIPS, and SWIFT -- Following the Money -- Records Generated in a Fedwire Transfer -- Forms Used in Wire Transfers -- CHIPS and SWIFT -- Informal Banking Systems and Unlicensed Transmitters --
Contents note continued: Money Laundering and Wire Transfers -- Investigating Wire Transfer Schemes -- ch. 16 Real Property -- Real Estate Transactions: Basic Anatomy -- Authorization to Sell -- Advertising -- Deposit Receipt Offer and Acceptance -- Seller Approval -- Escrow Papers -- Real Estate Ownership -- Corporations and Trusts -- Researching Real Property Records -- Finding Hidden Assets -- ch. 17 Securities -- Stocks: Owning a Piece of the Pie -- Types of Stock -- Making Money on Stock -- Market Operations -- Buying and Selling Stocks -- Information about Stock Transactions -- Information at the Brokerage House -- Information at the Transfer Agent -- Information at the Disbursing Agent -- Bonds: Owning Debt -- Information about Bondholders -- Mutual Funds: Pooling Your Money -- Information from Investment Firms -- Futures and Options: Betting the Ranch -- Securities and Money Laundering -- ch. 18 Obtaining Financial Information -- Risk versus Reward --
Contents note continued: Traditional Sources of Information -- Informants -- Undercover Agents -- Interviews -- Surveillance Operations -- Physical Surveillance -- Mail Covers -- Trash Covers -- Pen Registers -- From the Horse's Mouth: The Subject's Records -- Just Asking -- Obtaining Records through a Second Party -- Subpoenas and Special Exceptions -- Financial and Document Search Warrants -- Preparing a List of Things to Be Seized -- "Permeated with Fraud": A Useful Phrase -- Valuable Hearsay: Third-Party Records -- Legal Considerations -- Request for Production -- Administrative Subpoena -- Grand Jury Subpoena -- Records Requested -- Service -- Time Considerations -- Secrecy -- Payment -- Financial Search Warrants -- Tax Records -- Information from Abroad -- Official and Unofficial Liaison -- Compelling Production -- Tax and Mutual Legal Assistance Treaties -- Letters Rogatory -- Subpoenas -- ch. 19 Sources of Information -- Federal Databases and Information Systems --
Contents note continued: TECS II -- NADDIS -- NCIC -- NLETS -- Government Agencies and Records -- Federal Agencies and Records -- FinCEN -- Federal Government Departments -- Department of Agriculture -- Department of the Air Force -- Department of the Army -- Department of Commerce -- Department of Defense -- Department of Health, Education, and Welfare -- The Social Security Administration -- Department of Homeland Security -- Department of the Interior -- Department of Justice -- Department of the Navy -- US Postal Service -- Department of State -- Department of the Treasury -- Federal Aviation Administration -- Federal Maritime Commission -- Securities and Exchange Commission -- Small Business Administration -- Department of Veterans Affairs -- Court Records -- US District Court -- US Bankruptcy Court -- US Customs Court -- US Tax Court -- State District or Circuit Courts -- Specialized State Courts -- State, County, and Municipal Governments --
Contents note continued: Commercial and Online Databases -- Commercial Databases -- Online Research -- Credit-Related Sources -- Credit Agencies or Bureaus -- Other Credit Reporting Agencies -- International Business Ratings -- Specialized Commercial Credit Organizations -- Other Credit Issuers -- Credit Card Issuers -- Business and Miscellaneous Sources -- Business and Industry -- Travel and Transportation -- Communications -- Public Utilities -- Insurance Companies -- Entertainment -- Miscellaneous Sources -- The Library -- Newspapers -- Putting Your Resource Guide Together -- ch. 20 Basic Money Laundering Schemes -- Use of a Nominee -- Objectives -- Advantages and Disadvantages -- Special Situations -- Documentation -- Investigation of a Nominee Scheme -- Sources of Information -- Special Situations -- Potential Violations -- Simple Business Cover -- Documentation -- Special Situations -- Investigation of a Business Front -- Sources of Information -- Potential Violations --
Contents note continued: Simple Banking Operation -- Special Situations -- Documentation -- Investigation of a Simple Banking Scheme -- Sources of Information -- Potential Violations -- Banking---Business Combination -- Special Situations -- Documentation -- Investigation of a Scheme Involving a Banking---Business Combination -- Sources of Information -- Potential Violations -- Summing Up -- ch. 21 Diabolically Clever Laundering Schemes -- Smurfs and Structured Transactions -- Smurfing in the 1990s -- Investigation of a Smurfing Operation -- Sources of Information -- Potential Violations -- Black Market Peso Exchange Schemes -- Investigation of a Black Market Peso Exchange Operation -- Sources of Information -- Potential Charges -- Financial Action Task Force Description -- Shell Corporations -- Documentation -- Investigation of a Shell Corporation -- What Does the Corporation do? -- What is the Capital Structure of the Corporation? --
Contents note continued: What do the Financial Statements Look Like? -- Who are the Owners of the Corporation? -- Who is in Charge here? -- Sources of Information -- Offshore Shell Corporations -- Offshore Corporations and the Internet -- Offshore Jurisdictions -- Loan-Back Schemes -- Documentation -- Investigation of a Loan-Back Scheme -- Sources of Information -- Potential Violations -- Loan-Back 2 -- Investigation of the Loan-Back Scheme -- ch. 22 Fiendishly Complex Money Laundering Schemes -- Components of Money Laundering Schemes -- Mechanisms for Placement -- Mechanisms for Layering -- Mechanisms for Integration -- Invoice Scams -- Underinvoicing -- Research on Invoice Schemes -- Investigating Invoice Scams -- Sources of Information -- Buy-Backs -- Variation on the Buy-Back Theme -- Investigating a Buy-Back Scheme -- Sources of Information -- Securities Manipulation -- Documentation -- Investigating a Securities Manipulation -- Sources of Information --
Contents note continued: ch. 23 Fraud and Money Laundering Issues -- Fraud as a Specified Unlawful Activity -- Major Fraud and Money Laundering Cases -- Forfeiture Issues in Fraud Cases -- ch. 24 Terrorism Financing -- Needs of Terrorist Groups -- Sources of Funding -- Investigation of Terrorist Financing -- Legal Measures -- Money Laundering and Terrorism Financing -- Investigative Resources -- Suspicious Activity Reports -- Tax Returns and Tax Information -- Terrorist Fund-Raising and Financing: The al Qaeda Terrorism Money Trail -- Investigating al Qaeda's Funding -- Sources of Information -- Zakat Schemes -- United States of America v. Holy Land Foundation for Relief and Development -- Investigating a Zakat Scheme -- Sources of Information -- Hawala Schemes and Informal Value Transfer Systems -- Investigating a Hawala Scheme -- Sources of Information -- ch. 25 Financial Intelligence -- Suspicious Activity Reports -- SAR Activities and Their Codes --
Contents note continued: ch. 26 Investigating Money Laundering Cases -- Decisions, Decisions -- Case Development Process -- Case Initiation -- What is the Source of This Information? -- Is the Activity Ongoing or Historical? -- Basis for the Investigation -- Case Organization -- Questions about Participants -- Questions about Prosecutor Involvement -- Questions about the Case File -- Legal Considerations -- The Investigative Plan -- Evidence Collection -- Profiling -- Covert Evidence Gathering -- Semiovert Evidence Gathering -- Overt Evidence Gathering -- Evidence Analysis -- Presentation -- Money Laundering Undercover Operations -- Laundering Their Money -- Stings: Laundering Our Money -- ch. 27 The Case File -- Types of Documentary Evidence -- Introducing Documentary Evidence in a Financial Case -- Document Control -- Plan Ahead -- Acquisition -- Storage and Retrieval -- Security -- Analysis -- Presentation -- Exhibits and the Exhibit List -- Schedules and Summaries --
Contents note continued: Case Report -- Conclusion -- Bibliography -- Appendix A Glossary of Terms Used in Money Laundering Cases -- Appendix B Source Debriefing Guide -- Appendix C Subpoena Templates -- Appendix D Bank Secrecy Act Forms -- Appendix E Money Laundering Forfeiture Statutes -- 18 U.S.C. [§]981. Civil Forfeiture -- 18 U.S.C. [§]982. Criminal Forfeiture -- Appendix F List of Specified Unlawful Activities (SUAs) -- Appendix G Federal Statutes Relating to Terrorist Financing -- ℗ʹ2339A.Providing Material Support to Terrorists -- ℗ʹ2339B.Providing Material Support or Resources to Designated Foreign Terrorist Organizations -- ℗ʹ2339C.Prohibitions against the Financing of Terrorism -- Title 50 United States Code, Chapter 35. International Emergency Economic Powers.
Abstract:
"Many changes have occurred in the twenty-five years that have passed since the enactment of the Money Laundering Control Act of 1986. The law has been amended, new underlying crimes have been added, and court decisions have modified its scope. The Act remains an important tool in combating criminal activity. Now in its third edition, Money Laundering: A Guide for Criminal Investigators covers the basics of finding ill-gotten gains, linking them to the criminal, and seizing them. Providing a clear understanding of money laundering practices, it explains the investigative and legislative processes that are essential in detecting and circumventing this illegal and dangerous activity. Highlights of the Third Edition include: important court decisions and changes in federal law since the second edition; new trends in crime and terrorism financing; the rise of money laundering in connection with major frauds, including the Bernie Madoff case; law and policy shifts related to terrorism and financing since the Obama administration; new methods for financial intelligence and the filing of Suspicious Activity Reports; how changes in technology have enabled launderers to move funds more easily and anonymously. Knowledge of the techniques used to investigate these cases and a full understanding of the laws and regulations that serve as the government's weapons in this fight are essential for the criminal investigator. This volume arms those tasked with finding and tracing illegal proceeds with this critical knowledge, enabling them to thwart illegal profiteering by finding the paper trail."--Cover.
Copies: