Money Laundering: A Guide for Criminal Investigators, Third Edition
Features
- Explains the investigative and legislative processes that are essential in detecting and circumventing money laundering
- Describes changes in money laundering laws since the last edition
- Examines terrorism financing
- Highlights recent fraud cases, including the Bernie Madoff case
- Explores methods for financial intelligence, including Suspicious Activity Reports
Summary
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 connecting 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.
Table of Contents
Basic Concepts
The Historical Context
Federal Money Laundering Statutes
The USA PATRIOT Act
Money Laundering Forfeiture
Related Federal Statutes
International Money Laundering Control
Introduction to Financial Investigation
Introduction to Books and Records
Indirect Methods of Proving Income
Business Operations
Domestic Banking
Banking Operations
International Banking
Money Transfers
Real Property
Securities
Obtaining Financial Information
Sources of Information
Basic Money Laundering Schemes
Diabolically Clever Laundering Schemes
Fiendishly Complex Money Laundering Schemes
Fraud and Money Laundering Issues
Terrorism Financing
Financial Intelligence
Investigating Money Laundering Cases
The Case File
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
Appendix F: List of Specified Unlawful Activities (SUAs)
Appendix G: Federal Statutes Relating to Terrorist Financing
Author Bio(s)
John Madinger recently retired as a senior special agent with
the Criminal Investigation Division of the Internal Revenue
Service. In his 36-year law enforcement career, he also served
as narcotics agent, supervisor, and administrator. He holds a
bachelor’s degree in criminal justice from Indiana University,
a master’s degree in history from the University of Hawaii, and
was the honor graduate in the Treasury Criminal Investigation
Training Program. He is the recipient of numerous awards
and citations from the Internal Revenue Service, the Drug
Enforcement Administration, and Organized Crime Drug
Enforcement Task Forces. Throughout his career, he had
extensive experience in money laundering, forfeiture, and
financial investigations, developed training programs in these
areas for the Treasury and Justice Departments, and developed
and presented money laundering training in the United
States, Europe, Asia, Africa, and the Caribbean.
