as possible. The money laundering process is very important to these criminals because it allows them to enjoy their profits without revealing the source. When one of these activities generates large profits, the group involved must find away to disguise the funds without attracting attention towards themselves. The way they accomplish this is by moving the funds to an indiscrete place where they are less likely to attract lots of attention. This allows the group to keep the source of the profits hidden so that it is always available to them. Money laundering is usually done in countries in which they have few or very weak laws to prevent money laundering. Banks are the major targets of these operations because they can provide a variety of services that can be used to conceal the money (CCANB). WHO LAUNDERS MONEY?Most of the money laundered today is done by some sort of organized crime, whether it is a drug cartel, illegal arms sale, smuggling, prostitution rings, the Mafia, or corporations (FATF). Organized crime has existed in the United States for many years. Some of the organized crime groups known for money laundering are: the Russian Mafia, the Triad, other wise known as the Chinese Mafia and the Yakuza. All of these groups are known for a variety of illegal activities that involve receiving substantially high profits. Some of these activities may include drug trafficking, illegal arms sale, and various other things. Recently law enforcement has discovered that corporations have been helpers in laundering money. This discovery leads back to the Black Market Peso Exchange. These corporations do not have a direct involvement with the laundering, but are a helping hand at times. Many times corporations are the supplier of goods for the broker. The perks that go along with being the supplier entail getting an exchange rate better than the market. An example of this is if a corporation has pesos that they need to exchange back into...
