Title: A Good Weekend Read
Product review: This is a great book if you are looking for a very general background as to what American authorities deem to be money laundering. The book has some interesting recounts of some of the methods deployed by former narcotic syndicates and how they attempted to launder their many millions of illict proceeds. (Beware; most of the examples of former schemes deployed (ie the Andonian Brothers-La Mina) are well dated, pre-FINCEN and internet self-banking). In sum, the book discusses everything from a broad overview of the bank secrecy act, other revelant U.S.C. statutory provisions with respect to money laundering, specific form documents (ie CTRs,), and the use of foreign exchanges(legal and black market) to launder illict narco proceeds. I would recommend this book to anyone interested in the money laundering aspect of the illict drug business. However, if its current money laundering issues and techniques you seek, you maybe a little disappointed.
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