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#2041821 - 10/01/15 02:07 PM Money Laundering Sting
Retread Offline
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Retread
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Posts: 2,548
Southeast
Thought some of you might be interested in this article.

Money Laundering Sting
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#2041825 - 10/01/15 02:13 PM Re: Money Laundering Sting Retread
Elwood P. Dowd Offline
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Next to Harvey
Related Forbes article. I add it only to point out it's emphasis is completely different. Any story like this one, focusing on law enforcement, can be repurposed to focus on the financial institution involved just as the one linked by Retread does.

Don't let bad stuff happen in your bank.
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#2041828 - 10/01/15 02:21 PM Re: Money Laundering Sting Retread
edAudit Offline
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You are here
Together, the Bal Harbour Police Department and the Glades County Sheriff’s Office formed the Tri-County Task Force, which, despite the name, consisted of only two agencies.


That may be the first tip off that the accounting practices may be substandard.
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#2042035 - 10/01/15 11:25 PM Re: Money Laundering Sting Elwood P. Dowd
Retread Offline
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Retread
Joined: Oct 2003
Posts: 2,548
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I am curious about
Quote:
[/quote]U.S. policy prohibits cooperating banks from moving laundered sting money offshore[quote]
I know I have been out of the loop for a while, but I don't recall seeing that before. As a matter of fact, I worked with a bank that assisted law enforcement in a sting many years ago and the majority of the funds were sent offshore.

Last edited by Retread; 10/01/15 11:26 PM.
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