A FORMER MIAMI MONEY LAUNDERER DIAGRAMS ADVANCED TRADE-BASED MONEY LAUNDERING TECHNIQUES AND METHODS

Having worked here in Miami for the past fifty years, first as a bank attorney, then during a decade as a career money launderer for drug traffickers, and then since Hurricane Andrew blew into town in 1992, as a Financial Crime Consultant operating in more than 100 countries, I am intimately familiar with money laundering tradecraft, when it is conducted using advanced methods not generally understood.

Unfortunately, most compliance officers at international banks, where they are most likely to encounter TBML, do not have the level of knowledge necessary to discover, and ferret out, the esoteric and unusual techniques, simply because they have never been trained to recognize them in process. the result is usually that, two years later, a successful law enforcement investigation uncovers the sad fact that a successful trade-based money laundering operation moved a substantial amount of the proceeds of crime through accounts in that bank, with the expected negative publicity, regulatory penalties, and perhaps even the end of promising careers in the financial world as the ultimate cost. You only need read all the TBML case studies that have appeared on my blog to see all the compliance failures exposed in Federal court cases I have reported over the past decade plus.

To remedy that knowledge gap, I am now offering an advanced TBML seminar, delivered from the unique perspective of the practicing laundryman, to give compliance the techniques which cannot be obtained in a handbook on the subject, though actual fact patterns which might be encountered in the field, thus preparing the compliance officer for the inevitable real-life encounter he or she is likely to have, with these methods. I find this to be a no-nonsense method of imparting this information, which I have acquired from being on both sides of the law, and from observing, up close and personal, other money launderers in action, using TBML to consistently transfer and clean dirty money in international trade, for their clients. I analyze the weaknesses of each method, which are a guide to identification and interdiction.

Should your compliance department find that it has a definite need for such a private presentation, either virtually or in-person, kindly contact me at: miamicompliance@gmail.com