The Laundrymen: Inside Money Laundering, the World's Third-largest Business
Money laundering has been a major part of the American criminal landscape since the days of its patron saint, Meyer Lansky. Watergate was essentially a money-laundering operation; so was Irangate. It is the one thing that Richard Nixon, the CIA, and Pablo Escobar have in common with Heidi Fleiss, BCCI, and the IRA. Some political action committees (PACs) have used dirty money, if unwittingly, to help elect politicians and then to keep them in office. Even the most sober and upright Wall Street bankers will admit that some of their banking assets derive from laundered money.
And who are the laundrymen? As Jeffrey Robinson proves in this blistering and up-to-the-minute expose, they are not the gun-toting Mafiosi of cliche; they are white-collar accountants, lawyers, and bankers - certified professionals who use sophisticated systems of layering, loopholes in banking laws, and professional privilege to do their dirty work. Gone are the days of briefcases stuffed with cash. Money laundering 1990s style has diversified. Drug traffickers moving the drugs no longer move the money, and their laundrymen don't need to know about the drugs. Corrupting everyone and everything it touches, the money gradually seeps into the foundations of the world's financial institutions, ready to fuel an ever-widening cycle of violence.
24 pages matching BCCI in this book
Results 1-3 of 24
What people are saying - Write a review
The Laundrymen : Money Laundering the World's Third Largest BusinessUser Review - Not Available - Book Verdict
Robinson, a journalist and biographer (Bardot, LJ 5/1/95), offers insight into the elaborate schemes of money laundering, which has become a major industry and a driving force behind cash economies ... Read full review
Review: The Laundrymen: Inside the World's Third Largest BusinessUser Review - Adebayo Oyagbola - Goodreads
A world in which the banks are washing machines and false enterprise the detergent and what do you get? Squeeky clean money. The trouble is that the soiling agents are deadly and the effluence of ... Read full review
Chapter Three Taking Care of Business
Chapter Four ATale of Two Banks
17 other sections not shown