Title: What Is Money Laundering (Explained) - Examples, Schemes & Regulations
Headings: What Is Money Laundering (Explained) – Examples, Schemes & Regulations
What Is Money Laundering (Explained) – Examples, Schemes & Regulations
What Is Money Laundering? Examples and Legal Predicates
Money Laundering: A Common Yet Highly Illegal Business Practice
A Textbook Money Laundering Example: The Shady Pizza Parlor
How It Works: Money Laundering Three-Step Process
1. Placement
2. Layering
3. Integration
Money Laundering Vectors and Strategies
1. Casinos and Gambling Venues
2. Cash Smuggling
3. Life Insurance Policies
4. Securities
5. Real Estate
6. Currency Exchange Bureaus
Common Money Laundering Use Cases
1. Drug Trafficking
2. International and Domestic Terrorism
3. Embezzlement
4. Arms Trafficking
5. Other Use Cases
Criminal and Civil Penalties for Money Laundering
18 U.S.C. § 1956: Monetary Transactions in Criminally Derived Property With Intent
§ 1956 (a) (1)
§ 1956 (a) (2)
§ 1956 (a) (3)
Criminal Penalties for 18 U.S.C. § 1956 Violations
Civil Penalties for 18 U.S.C. § 1956 Violations
18 U.S.C. § 1957: Monetary Transactions in Criminally Derived Property Above $10,000
Criminal Penalties for 18 U.S.C. § 1957 Violations
Notable Examples of Money Laundering
1. Paul Manafort and Rick Gates, 2006-17
2. Tom DeLay, 2002
3. BCCI, 1980s
4. Liberty Reserve, 2008 to 2013
5. Standard Chartered, 2001 to 2007
6. Nauru, 1990s and early 2000s
Final Word

Content: What Is Money Laundering (Explained) - Examples, Schemes & Regulations
Economy & Policy
What Is Money Laundering (Explained) – Examples, Schemes & Regulations
Date
March 30, 2020
By
Brian Martucci
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In the Mike Judge comedy “ Office Space ,” three disgruntled IT drones develop an ingenious malware program to painstakingly rip off their soulless employer, a fraction of a cent at a time. Thanks to a simple programming error — “I must have put a decimal point in the wrong place,” one character complains — the plan backfires, leaving the hapless first-time criminals with a massive overnight windfall. If they want to avoid jail time, they need to get rid of the money fast. In desperation, they resort to looking up “money laundering” in the dictionary and cajoling a door-to-door magazine salesman into joining their fledgling conspiracy. Money laundering is far more than a last-ditch solution for bumbling revenge-seekers to offload tainted cash. It’s ubiquitous among organized crime rings, narcotics syndicates, and white-collar fraudsters. Indeed, it’s an essential component of many such organizations’ business models. What Is Money Laundering? Examples and Legal Predicates
The “Office Space” scheme was good for a few laughs at the perpetrators’ expense, but real-world money laundering isn’t funny — and can be highly consequential. One of the highest-profile recent money laundering cases involved Paul Manafort and Rick Gates, two associates of former U.S. President Donald Trump.