The United States Law Enforcement and Money Laundering

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Has one ever wondered how a criminal can enjoy his profits without being exposed? If a criminal wants to enjoy his money successfully, he knows he has to hide the true proceeding of his wealth. Since criminals began doing misdeeds for money, there have been ways to disguise the real origins of the profits. For example, the famous Al Capone was so careful hiding the true proceedings of his criminal activities that the police could only arrest him for tax evasion charges, now considered money laundering, too. It was not until the late 20th century that a formal term was imposed to this act. As time has passed and technology has improved so have money laundering techniques, but the United States law enforcement is battling money laundering every year by implementing new laws and regulations to make it harder to launder money, and easier to prevent and uncover money laundering. Before discussing the topic, it is important to have a concrete definition of the term money laundering. Money laundering is a term often used in the media, but few people have a formal or concise definition of the term. Money laundering is the process of making “dirty” or “illegal” money seems like “clean” or “legal” money (Kelly, Maghan and Joseph). The process of money laundering is in essence the most important part in a criminal organization. Money laundering is so important that according to Gerhard Mueller, a pioneer in the international and comparative criminal justice field, money laundering is like the “life blood” of organized crime, but at the same time the “Achilles heel” of illicit trafficking. In other words, money laundering is what allows criminal to keep on doing their illegal activities, and getting a profit out of them, but the same process... ... middle of paper ... ...ff Douglas, J.D. "Money Laundering and Asset Forfeiture: Taking the Profit Out of the Crime." April 2012. Federal Bereau of Investigation. . Liberty Reserve. n.d. . Naidu Kalimili, Bala Bhaskar. "Toward a Broader Measure of National Income." Bank, The Work. 2013 World Development Indicators. 1st. Creatiave Common Attributions, 2013. 65-77. . Sidel, Robin, Chao Deng and William Horobin. "Central Banks Warn of Bitcoin Risks." The Wall Street Journal 5 December 2013. Website. The World Factbook. 2013. . Today's FBI Fact and Figures 2013-2014. Washington, D.C.: U.S. Department of Justice, 2013. PDF.

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