Luxembourg Police Indicate Money Laundering Typology Trends

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Monday, November 1, 1993
Author: 
Volume: 
9
Issue: 
11
419
Abstract: 
In the current issue of the Interpol money laundering bulletin, the Luxembourg police have used four cases they have uncovered to illustrate trends in money laundering. The cases illustrate both traditional and new techniques for drug-money laundering. They show the placement of large amounts of cash, the use of multiple accounts for transferring money, false passports and identities, the use of either relatives or close friends such as paramours, the use of shell companies, couriers, money managers and professionals, wire transfers, front organizations that traditionally deal with large amounts of cash, and the use of tax havens…[more]