Money Laundering: Following the Funds

In the movies, money launderers are drug dealers and gangsters looking for ways to hide their briefcases of cash from the authorities. But in the real world, money laundering is a bit less exciting and a lot more strategic. Criminals are often trying to disguise income generated from fraud, embezzlement, identity theft, Ponzi schemes and scams. And instead of briefcases of cash, their crimes generate illegal proceeds in the form of checks, bank credits, money orders, bank wires and funds placed on prepaid debit cards.

Money laundering investigations involve a lot of research and digging. It’s a combination of knowing what to look for and following trails to find new strategies and schemes. By applying today’s technology and understanding to yesterday’s methods and schemes we can root out more information than ever before.

Join Paul Camacho, Vice President of AML Compliance at Station Casinos, as he outlines the schemes and tactics of today’s money launderers, what motivates them and what leads to their downfall.