Money Laundering, Financing Terrorism & Suspicious Activities

Money laundering is a global problem. It involves hundreds of billions of dollars, and it is proof that crime pays. According to the United Nations Office on Drugs and Crime, money laundering can erode a nation’s economy and it can adversely affect the global stability of financial markets. After the 9/11 terrorist attacks on the United States, the concept of money laundering was expanded to include the financing of terrorism. The basic idea behind this book is that if you don’t know what you are looking for, you are not going to find it. By way of illustration, few people realise that cigarette smuggling, certain charitable organisations, internet solicitations, as well as investments in legitimate businesses have been used to finance terrorists. This book will help you figure out what to look for in terms of money laundering and financing terrorism, but it cannot provide all of the answers in an ever changing setting.