
Extortionists turn to cash intensive businesses to launder proceeds
Cash intensive local businesses are used to funnel proceeds of extortion into apparently legitimate business bank accounts according to a new report published by Global Financial Integrity (GFI).
Proceeds of extortion have also been used by criminals to purchase businesses according to the report, Extortion in the Northern Triangle of Central America: Following the Money.
You need to be logged in to view this article.
If you are an existing subscriber please enter your credentials to log in.
To become a member of The Association of Trade Finance Compliance Professionals (ATFCP) click here!
Related Posts
Sign up to our mailing list
Trade Based Financial Crime
Trade Based Financial Crime
This online training course provides you with the technical knowledge required to succeed within the trade finance compliance landscape.