State and Local Money Laundering Control Strategies

• NCJ Number: 137315
• Author(s): C Karchmer; D Ruch
• Date Published: 1992
• Length: 7 pages
• Sponsoring Agency: US Dept of Justice NIJ Pub
• Corporate Author: National Institute of Justice (NIJ)
• Sale Source: National Institute of Justice/; NCJRS Photocopy Services
• Publication Format: Document
• Publication Type: Training (Aid/Material)
• Language: English
• Country: United States of America
• Note: From National Institute of Justice Research in Brief, October 1992.

Annotation

Intended to assist managers of State and local law enforcement agencies in the development of an appropriate enforcement role to address money laundering, this article provides an overview of the money laundering process, steps involved in laundering schemes, and issues to consider in the development of investigative strategies.

Abstract

It discusses the role of white-collar professionals who engage in fraud through their manipulation of financial, commercial, and legal procedures to conceal the origin or true ownership of the assets under their control. Strategies are outlined for the development of money laundering intelligence programs and investigative techniques. Activities described in the recommended enforcement strategy are intelligence gathering, analysis of current transactions, and the detection of completed transactions. Some common techniques described for the investigation of money laundering are financial auditing and accounting, undercover operations, electronic surveillance, and alternative investigative strategies. Other topics discussed are the overcoming of lack of legal jurisdiction and cooperation with Federal agencies.