Professional money launderers use a variety of money laundering tools and techniques such as trade-based money laundering, account management mechanisms and underground banking and alternative banking platforms. To lend a veneer of legitimacy to their activities, professional money launderers may work with corrupt individual(s) who specialise in the provision of otherwise legitimate services (e.g. bankers, lawyers, accountants) in addition to their criminal money laundering activity.
launderers
Professional money launderers often work for more than one criminal or criminal organisation. A successful prosecution of a professional money launderer can therefore potentially impact the activity of a number of criminal clients.
This prosecution is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks. This case was led by the HSI Costa Pacifico Money Laundering Task Force (CPTF), the DEA, and the IRS - Criminal Investigation. The CPTF is a cooperative partnership of federal, state and local law enforcement agencies focusing on domestic and transnational criminal organizations seeking to cleanse and conceal narcotics proceeds via bulk cash smuggling or through national and international financial systems.
The lawsuit also charges that Philip Morris sold tobacco to smugglers in exchange for narco dollars in what is commonly referred to as the "black market peso exchange." Instead of repatriating narco dollars from their U.S. sales points, money launderers simply use them to purchase goods, which are then exported to Colombia and other Latin American countries and sold for pesos. The pesos then flow into the Colombian bank accounts of the drug barons. Philip Morris employees traveled to Colombia and entered the country illegally, the lawsuit claims, "paying bribes to ensure that their passports were not marked so as to reflect that they had entered Colombia." These employees were present in Colombia when their distributors received "large amounts of cash." The cash was then smuggled out of Colombia into Venezuela and deposited into banks and transferred into the coffers of Philip Morris, the lawsuit states.
G2 has monitored the dark corners of the web, exposing numerous transaction launderers engaging in illegal activity. The following document shows how each merchant operates like a seemingly normal business; however, subtle details unveiled more than what the unsuspecting client could have ever imagined. 2ff7e9595c
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