The Black Market Peso Exchange, a Complex Form of Money Laundering PDF Download
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Author: Romy R. Franklin
Publisher:
ISBN:
Category : Commercial crimes
Languages : en
Pages : 112
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Book Description
The Black Market Peso Exchange (BMPE) is a complex form of money laundering that deals in currency exchange. It affects the United States (U.S.) daily. With the BMPE, drug money from the U.S. is converted into Columbian pesos, and large amounts of bulk cash get smuggled across the U.S. border and the final destination of that money can be anywhere, with an intended purpose to harm those who live in the U.S. The U.S. has enacted tough anti-money laundering laws to fight money laundering in general and the BMPE, specifically. These laws outline strict reporting requirements to detect and catch money launderers. The U.S. is not the only country fighting to stop this money laundering scheme; the international community has joined the U.S. in combating the BMPE by enacting anti-money laundering laws in their own countries, and the research findings propose that although the U.S. and other members of the international community have made progress in the fight against money-laundering, there is still quite a bit to accomplish to further detect, report, and investigate BMPE cases. Many countries in the international community are battling corruption within their own governments, making it difficult to combat the illegal money laundering scams.
Author: Romy R. Franklin
Publisher:
ISBN:
Category : Commercial crimes
Languages : en
Pages : 112
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Book Description
The Black Market Peso Exchange (BMPE) is a complex form of money laundering that deals in currency exchange. It affects the United States (U.S.) daily. With the BMPE, drug money from the U.S. is converted into Columbian pesos, and large amounts of bulk cash get smuggled across the U.S. border and the final destination of that money can be anywhere, with an intended purpose to harm those who live in the U.S. The U.S. has enacted tough anti-money laundering laws to fight money laundering in general and the BMPE, specifically. These laws outline strict reporting requirements to detect and catch money launderers. The U.S. is not the only country fighting to stop this money laundering scheme; the international community has joined the U.S. in combating the BMPE by enacting anti-money laundering laws in their own countries, and the research findings propose that although the U.S. and other members of the international community have made progress in the fight against money-laundering, there is still quite a bit to accomplish to further detect, report, and investigate BMPE cases. Many countries in the international community are battling corruption within their own governments, making it difficult to combat the illegal money laundering scams.
Author: United States. Congress. Senate. Caucus on International Narcotics Control
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 136
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Book Description
Author: United States. Congress. Senate
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: United States Congress Senate United Sta
Publisher:
ISBN: 9781297008993
Category :
Languages : en
Pages : 124
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Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author:
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ISBN:
Category :
Languages : en
Pages :
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Author: United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on General Oversight and Investigations
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
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Book Description
Author: United States. Congress. Senate. Caucus on International Narcotics Control
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 128
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Book Description
Author: Andrew Nowviskie
Publisher:
ISBN:
Category : Black market
Languages : en
Pages : 92
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Book Description
Hezbollah, the Iran-backed terrorist organization based in Lebanon, is expanding its reach into the Western Hemisphere via a deepening involvement in the South American drug trafficking industry and the Black Market Peso Exchange (BMPE) money laundering system that is endemic to the drug trade. The BMPE is a complex form of trade-based money laundering utilized by Colombian drug trafficking organizations to launder drug money and repatriate proceeds by disguising and embedding illegal activities in legitimate international trade and finance. The BMPE provides Hezbollah with hundreds of millions of dollars for funding of its global operations and presents a growing risk to American interests as Hezbollah is regarded as the world's premier terrorist organization and is a proxy for the anti-American regime in Iran that is forging relationships with Latin American elements based on common anti-U.S. goals.
Author: John A. Cassara
Publisher: John Wiley & Sons
ISBN: 1119078954
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
Uncover the financial fraud that funds terrorist organizations Trade-Based Money Laundering is an authoritative examination of this burgeoning phenomenon, now coming under scrutiny in the War on Terror. This book walks you through the signs and patterns of trade-based money laundering (TBML) to help you recognize it when it occurs, and shows you how data and analytics can be used to detect it. You'll learn the common value transfer techniques including invoice fraud, over-and-under invoicing, and misrepresentation, and learn why analytic detection systems have yet to be implemented despite the existence of copious data. Case studies from around the world highlight the real-life implications of the concepts and processes presented in the text, giving you a first-hand view of the mechanisms at work inside this expanding illegal market. Trade-based money laundering uses trade to convert large quantities of illicit cash into less conspicuous assets or commodities to evade financial transparency laws and regulations. As an ideal funding mechanism for terrorist groups, the practice is getting more attention even as it increases in scale and spread. This book takes you deep inside TBML to better arm you against its occurrence. Learn the typical value transfer techniques of TBML Examine case studies detailing international examples Discover why institutions have failed to implement detection systems Explore ways in which analytics can identify TBML According to the U.S. State Department, TBML has reached staggering proportions in recent years, and is considered by many to be the next frontier of international money laundering enforcement. Trade-Based Money Laundering gives you a battle plan, with expert insight and real-world guidance.
Author: Margaret E. Beare
Publisher: SAGE
ISBN: 1412990777
Category : Law
Languages : en
Pages : 545
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Book Description
Accessible and jargon-free and available in both print and electronic formats, the one-volume Encyclopedia of Transnational Crime and Justice contains a range of up-to-date entries that not only reflect transnational crime, but transnational justice.
