Money Laundering Techniques

The main methods of money laundering are as follows:

  • Electronic transfers
  • Correspondent banking
  • Payable Through Accounts (PTAs)
  • Concentration Accounts
  • Private Banking
  • Structuring/Smurfing
  • Microstructuring
  • Cuckoo Smurfing
  • Bank Complicity
  • Credit Unions/Building Societies
  • Credit Cards
  • Money Remitters & Money Exchange Houses
  • Insurance Companies
  • Securities & Futures
  • Broker-Dealers
  • Casinos & Gaming
  • Dealers in High Value Items
  • Travel Agencies
  • Vehicle Sellers
  • Gatekeepers: Accountants, Auditors, Lawyers, Notaries, Company Formation Agents
  • Investment and Commodity Advisors
  • Trust & Company Service Providers
  • Real Estate Industry
  • Reverse Flip
  • Loan back
  • Manipulation of import/export prices
  • Letters of Credit
  • Black Market Peso Exchange (BMPE)
  • Online/Internet Banking
  • Internet Casinos
  • Prepaid Cards and E-cash

We will look at each of these techniques in detail.




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