Explicit
Transcribed

The Lessons The Politicians Have Learned From The Narcos When It Comes To Laundering Money (4/15/24)

Apr 15, 2024 · 15m 17s
The Lessons The Politicians Have Learned From The Narcos When It Comes To Laundering Money (4/15/24)
Description

Multinational cartels often resort to complex schemes to launder their ill-gotten gains, using a variety of methods and channels to conceal the origins of the money and integrate it into...

show more
Multinational cartels often resort to complex schemes to launder their ill-gotten gains, using a variety of methods and channels to conceal the origins of the money and integrate it into the legitimate economy. Here's an overview of some common techniques:
  1. Placement: This is the first stage where the dirty money is introduced into the financial system. Cartels might use methods like structuring transactions in small amounts to avoid detection, or simply depositing cash into bank accounts. They might also use intermediaries like money remitters or casinos to convert cash into more easily transferable forms.
  2. Layering: In this stage, the money is moved around multiple times through various accounts and financial instruments to obfuscate its origin. Cartels may transfer funds between different accounts, jurisdictions, and financial institutions through wire transfers, shell companies, or complex investment schemes. Offshore banks are often used due to their strict secrecy laws and lax regulation, making it harder for authorities to trace the money.
  3. Integration: In the final stage, the laundered funds are reintroduced into the economy as seemingly legitimate assets. This could involve investing in real estate, businesses, or luxury goods, or simply transferring the funds back to the cartel's home country through seemingly legitimate channels like trade finance or foreign investments.
Offshore banks play a crucial role in this process by providing a veil of secrecy and facilitating the movement of funds across borders without attracting too much attention from authorities. They offer services like anonymous bank accounts, shell companies, and nominee directors, making it difficult for law enforcement agencies to track the flow of illicit funds.To combat money laundering by multinational cartels, authorities need to improve international cooperation, strengthen regulatory frameworks, enhance transparency in financial transactions, and increase enforcement efforts to disrupt these complex networks.






So, what have our politicians learned from the Narcos?   Let's dive in and find out.   


To contact me:

bobbycapucci@protonmail.com


source:

Drug traffickers taught the rich how to hide money in tax havens | Roberto Saviano | The Guardian
show less
Information
Author Bobby Capucci
Organization Bobby Capucci
Website -
Tags

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search