How to Launder Money - by George Cottrell & Lawrence Burke Hardcover

Book Synopsis

Today's anti-money laundering (AML) regulations were designed to eliminate profits from drug trafficking and combat tax evasion, terrorism and the spread of weapons of mass destruction. However, the modern laws have done little to stop crime and have instead significantly increased the regulatory burden on legitimate businesses and consumers. As one banker at an AML conference quipped, 'This does not stop money laundering; it just enables those in the know to charge more.'Indeed, AML laws have laid the foundations for massive and sophisticated criminal enterprise support services that help criminals evade detection.How to Launder Money: A guide for law enforcement, prosecutors and policymakers offers a peek behind the veil to see the bent levers of finance and how they are pulled. It also examines how many who have pulled them, including one of the authors, have ended up behind bars. While acknowledging the challenges faced by law enforcement in a borderless world, it also provides concrete recommendations on how to reduce the crime associated with money laundering.The criminals already know how to launder money; this is, in part, their inside story. This book is for the rest of us, who want to know how the laws that are supposed to protect us from crime are in reality doing more damage than ever before.

About the Author

George Cottrell is a British financier and political strategist. In 2016, at the Republican National Convention, he was arrested on allegations of a money-laundering conspiracy. He now leads Geostrategy.com, advising political parties and governments globally. All his proceeds from the book will be donated to charitable causes.Lawrence Burke Files is an international financial investigator, due diligence expert and instructor who has handled cases in over 130 countries. He brings his practical investigative and problem-solving experience to his lectures on due diligence, AML, finance, risk management and anti-corruption.Prior to founding FE&E, Inc., he served as the director of corporate finance for investment bank American National. He is the author of the award-winning book Due Diligence For The Financial Professional, 2nd Edition.