Briefs

DM Direct Special Report, October 9, 2007,
By Rajesh Natarajan and Subhrangshu Sanyal and G. S. Vidyashankar

As we described in part 1, money laundering operations are characterized by a complex series of financial transactions aimed at obscuring the sources of funds. The large volume of interinstitutional financial transactions and fragmented transaction information coupled with poorly trained and understaffed enforcement agencies often result in important alerts not being followed. Further, alerts may be incomplete and untimely, resulting in crime investigations that continue well after the illicit proceeds have been successfully laundered.

Read more.