07703oam 2200709 a 450 991081290530332120240515184223.0979-84-00-64260-90-313-00246-010.5040/9798400642609(CKB)111056485430216(OCoLC)614745715(CaPaEBR)ebrary10004885(SSID)ssj0000141643(PQKBManifestationID)11136184(PQKBTitleCode)TC0000141643(PQKBWorkID)10090707(PQKB)10068498(Au-PeEL)EBL3000426(CaPaEBR)ebr10004885(OCoLC)929144524(MiAaPQ)EBC3000426(OCoLC)43913204(DLC)BP9798400642609BC(EXLCZ)9911105648543021620000419e20012024 uy 0engurcn|||||||||txtccrDrugs and money laundering Latin America's cocaine dollars /Robert E. Grosse1st ed.Westport, Conn. :Praeger,2001.London :Bloomsbury Publishing,20241 online resource (239 p.) Bibliographic Level Mode of Issuance: Monograph0-275-97042-6 Includes bibliographical references and index.Cover -- DRUGS AND MONEY -- Contents -- Acknowledgments -- Introduction and Explanation of Scope -- NOTE -- Part I What Is Money Laundering? -- Chapter 1 The Basic Money Laundering Arrangement -- GETTING DIRTY MONEY INTO THE BANKING SYSTEM -- THE LINK BETWEEN THE NARCOTICS TRAFFICKER AND THE MONEY LAUNDERER -- NON-U.S. DESTINATIONS FOR NARCODOLLARS -- NON-CASH LAUNDERING STRATEGIES -- HYPOTHETICAL MONEY LAUNDERING SCHEMES -- IN SUMMARY -- NOTES -- Chapter 2 The Andean Cocaine Business -- INTRODUCTION -- PRODUCTION OF COCA -- NOTES -- Chapter 3 Foreign Exchange Black Markets in Latin America -- WHAT ARE FOREIGN EXCHANGE BLACK MARKETS? -- WHY DO FOREX BLACK MARKETS EXIST? -- WHO PARTICIPATES IN FOREX BLACK MARKETS? -- Retail vs. Wholesale -- PERU'S BLACK MARKET IN 19903 -- THE ALTO HUALLAGA REGION -- NARCOTRAFFIC SIZE ESTIMATES -- BLACK MARKET SIZE ESTIMATES -- Types of Users -- Links to the Underground Economy -- COLOMBIA'S FOREX BLACK MARKET15 -- MARKET SIZE ESTIMATES -- THE VENTANILLA SINIESTRA -- KEY CONCLUSIONS -- NOTES -- Chapter 4 -- A Recent History of U.S. Money Laundering Regulations, 1970-98 -- THE BANK SECRECY ACT OF 1970 -- MONEY LAUNDERING CONTROL ACT OF 1986 (PL 99-570) -- THE FINANCIAL ACTION TASK FORCE (FATF) -- CREATION OF FINCEN (1990) -- THE 1992 ANTI-MONEY LAUNDERING ACT (ANNUNZIO- WYLIE MONEY LAUNDERING ACT) -- RECORD KEEPING AND TRAVEL RULES ON WIRE TRANSFERS (1993) -- MONEY LAUNDERING SUPPRESSION ACT OF 1994 -- SUSPICIOUS ACTIVITY REPORT (1996) -- GEOGRAPHIC TARGETING ORDERS (GTOS) -- INTERNATIONAL COOPERATION -- NOTES -- Part II How to Launder Millions -- Chapter 5 Early Cases, 1970s and Early 1980s -- SMURFING -- UNITED STATES V. ONE SINGLE FAMILY RESIDENCE AT 6960 MIRAFLORES AVENUE, CORAL GABLES -- CONCLUDING THOUGHTS ABOUT THE EARLY DAYS -- NOTES -- Chapter 6 La Mina, 1985-88 -- POLAR CAP -- NOTES.Chapter 7 General Noriega and Panama, 1981-89 -- THE NORIEGA SAGA -- LESSONS FROM THE PANAMA/NORIEGA STORY -- NOTES -- Chapter 8 The Bank of Crooks and Criminals, Inc., 1988-90 -- THE MONEY LAUNDERING CASE IN TAMPA -- BRIEF HISTORY OF EVENTS -- RESPONSES BY U.S. AUTHORITIES -- LESSONS FOR BANKERS -- NOTES -- Chapter 9 The Santacruz-Londoño Organization, 1988-90 -- ANOTHER PIECE OF THE BUSINESS-MONEY ORDERS, CASHIER'S CHECKS, AND STRUCTURED DEPOSITS -- NOTES -- Chapter 10 Stephen Saccoccia, 1988-91 -- PART OF THE FURTHER USE OF THE LAUNDERED FUNDS-BUYING AIRPLANES -- NOTES -- Chapter 11 Retail Money Laundries, 1990-95 -- THE EXPORT/IMPORT COMPANY1 -- THE EXPORT/IMPORT LAUNDRY -- THE CAR DEALERS2 -- AUTO DEALERS' LAUNDRY -- THE STOCKBROKER ACCOUNT3 -- THE MONEY TRANSMITTER4 -- HENRY MELO'S MONEY TRANSMITTER LAUNDRY -- THE INTERIOR DECORATORS5 -- BLAREK &amp -- PELLECCHIA'S INTERIOR DECORATING LAUNDRY -- NOTES -- Chapter 12 The Raul Salinas Saga, 1992-94 -- NOTES -- Chapter 13 The Mexican Connection: Operation Casablanca, 1995-99 -- THE COCAINE TRAFFICKING -- INITIAL CASH EARNINGS AND INFILTRATION INTO BANKS -- TRANSFERS OF FUNDS TO END USERS -- OPERATION CHECK MARK -- NOTES -- Part III Economic Issues and Lessons -- Chapter 14 Mexico's Black Market in Foreign Exchange and Its Relation to Narcotics Money Laundering -- OVERVIEW -- INTRODUCTION -- CHARACTERISTICS OF FOREIGN EXCHANGE BLACK MARKETS -- THE MEXICAN CASE -- STRUCTURE AND FUNCTIONING OF THE BLACK MARKET -- MONEY LAUNDERING ESTIMATES -- DETERMINATION OF THE PARALLEL MARKET EXCHANGE RATE -- THE MODEL -- CONCLUSIONS -- NOTES -- Chapter 15 The Colombian Connection -- DRUG TRAFFICKING: THE COLOMBIAN SIDE OF THE STORY -- POLICY ALTERNATIVES -- CONCLUSIONS -- NOTES -- Chapter 16 How Should Banks Deal with Money Laundering? -- INTRODUCTION -- POLICIES TO COMPLY WITH THE BANK SECRECY ACT.Currency Transaction Report CTR (Form 4789) -- Currency or Monetary Instrument Report CMIR (Form 4790) -- Foreign Bank Account Report FBAR (Form TDF 90-22.1) -- Additional Concerns of Banks with Respect to the Bank Secrecy Act -- POLICIES TO COMPLY WITH THE ANNUNZIO-WYLIE ACT -- Suspicious Activity Report (SAR) -- Rules on Wire Transfers and Other Electronic Transfers -- Training Requirements Imposed by the Annunzio-Wylie Act -- Payable through Accounts -- NOTES -- Chapter 17 Conclusions and Government Policy Recommendations -- PAYING FOR THE LAW ENFORCEMENT COSTS -- CONFLICTING POLICY GOALS -- THE BROAD CONTEXT -- FOREIGN POLICY -- POLICY DIRECTION -- Drugs -- Money Laundering -- NOTES -- Appendix -- The Forty Recommendations of The Financial Action Task Force on Money Laundering -- INTRODUCTION -- A. GENERAL FRAMEWORK OF THE RECOMMENDATIONS -- Scope of the Criminal Offence of Money Laundering -- Provisional Measures and Confiscation -- C. ROLE OF THE FINANCIAL SYSTEM IN COMBATING MONEY LAUNDERING -- Customer Identification and Record-Keeping Rules -- Increased Diligence of Financial Institutions -- Measures to Cope with the Problem of Countries with No or Insufficient Anti-Money Laundering Measures -- Other Measures to Avoid Money Laundering -- Implementation and Role of Regulatory and Other Administrative Authorities -- D. STRENGTHENING OF INTERNATIONAL COOPERATION -- Administrative Cooperation -- Exchange of General Information -- Exchange of Information Relating to Suspicious Transactions -- Other Forms of Cooperation -- Basis and Means for Cooperation in Confiscation, Mutual Assistance and Extradition -- Focus of Irnproved Mutual Assistance on Money Laundering Issues -- Annex to Recommendation 9: List of Financial Activities Undertaken by Business or Professions Which Are Not Financial Institutions -- Selected Bibliography -- Index.About the Author.Money launderingLatin AmericaCocaine industryLatin AmericaMoney launderingLatin AmericaCase studiesDrug dealersLatin AmericaCase studiesMoney launderingPreventionMoney launderingCocaine industryMoney launderingDrug dealersMoney launderingPrevention.364.16/8Grosse Robert E259277DLCDLCDLCBOOK9910812905303321Drugs and money4089759UNINA