Cover image for Crime school : money laundering: true crime meets the world of business and finance
Crime school : money laundering: true crime meets the world of business and finance
Mathers, Chris.
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Buffalo, N.Y. : Firefly Books, [2004]

Describes how organized criminals operate domestically and internationally and how they are able to corrupt bankers and subvert national economies.
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HV6768 .M38 2004 Adult Non-Fiction Non-Fiction Area
HV6768 .M38 2004 Adult Non-Fiction Non-Fiction Area

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The chilling details of cleaning blood money.

What is money laundering? How does it work? And why is it such a threat to any democratic society?

International terrorism has focused federal and state law-enforcement's attention on the shadowy world of money laundering. While the media has examined money laundering, the topic is still little understood by the public.

In Crime School: Money Laundering , a twenty year law enforcement veteran of financial crime explains this felony in simple terms. Written anecdotally, the book describes what money laundering is and how the crimes behind it fit together.

Organized criminals operating both domestically and internationally corrupt bankers and subvert national economies through the use of drug money.

This book examines the history of money laundering from ancient times to the cocaine craze of the 1970s to the sophisticated, brutal techniques employed by today's terrorists and organized crime.

Lively and detailed, this book chronicles the stark realities and deadly dynamics of the lynchpin between organized crime and modern terrorism. It's a rare and fascinating look at a deadly world few have ever witnessed and lived to tell the story.

Author Notes

Chris Mathers, a former R.C.M.P. undercover operator, is a well-known international authority on money laundering. Mathers worked undercover for the R.C.M.P., D.E.A., F.B.I. and other foreign agencies in Canada, the U.S. and elsewhere, posing as a money launderer and drug trafficker, personally infiltrating Russian, Colombian and Asian organized crime groups

Reviews 2

Booklist Review

What exactly is money laundering? Mathers, a former undercover operative with the Royal Canadian Mounted Police and an expert on the topic, explains that the term dates back to the 1930s. Al Capone owned hundreds of commercial laundries, and he declared a fraction of his illegal earnings from the liquor business as legitimate takings from the laundries--washing his money, in other words. The detergent has changed over the years--today's crooks often use real estate to wash their money-- but the process remains the same. The book lays out exactly how criminals turn bad money into good; it also describes, among other things, the pervasiveness of organized crime, how to obtain false identification, and the mechanics of blackmail. Mathers has an easygoing, often humorous prose style: after noting that most criminals look like everybody else, he adds, When people try to pick out the bad guys, they're usually looking for Don Corleone, when maybe they should be looking for Don Knotts. A revealing look at crime and the criminals who practice it. --David Pitt Copyright 2004 Booklist

Library Journal Review

In a gossipy, hands-over-the-mouth style, Mathers, an undercover agent for the FBI, the DEA, and the Royal Canadian Mounted Police, recounts his experiences in overturning various money-laundering schemes. After telling us that all the bills in our wallets probably smell of hashish, he goes on to explain his views of how money laundering works. He points a finger at organized crime, the police, banks, securities, and even terrorists. Each chapter begins with a sardonic quotation, e.g., "Vice is its own reward" (Quentin Crisp) and "There's nothing wrong with shooting, as long as the right person gets shot" (Clint Eastwood as Dirty Harry). Perhaps for the sake of variety, Mathers occasionally changes his viewpoint from that of the underground agent to that of the criminal. If the book has a message, it is that crime can pay but if one is caught, the punishment can be severe. Readers who prefer careful research and documentation should look elsewhere. For public libraries.-Frances Sandiford, formerly with Green Haven Correctional Facility Lib., Stormville, NY (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

Table of Contents

Forewordp. 11
Prefacep. 13
Acknowledgmentsp. 17
What is Money Laundering?p. 21
History of Money Launderingp. 21
Substantive Offensesp. 22
Show Me the Moneyp. 24
Serious Moneyp. 25
The Financial Action Task Forcep. 30
Organized Crimep. 33
All Mobbed Up and No Place to Gop. 37
Casinosp. 39
Outlaw Motorcycle Gangsp. 40
Strip Clubs and Brothelsp. 42
The Bankruptcy of Murder, Incorporatedp. 45
Art Appreciationp. 49
General Noriega's Kingdomp. 52
Hold the Pepperonip. 56
Dopers I Have Knownp. 57
The Russians Are Comingp. 62
A Formula for Success: (YBM + RTO + TSE) = FBIp. 64
The Bank of New Yorkp. 66
Should It Be Legal?p. 68
A Day in the Life of the Drug Tradep. 71
Avi and Albert's Boiler Roomp. 77
Gangster Schtickp. 80
False Identification and Documentationp. 84
Identity Theft and Other Misconceptionsp. 87
Getting Money into Banksp. 91
Uri, I Hardly Knew Ya...p. 91
Blackmail and Extortionp. 92
Six for Fivep. 97
The Strange Case of Judge Robert Flahiffp. 99
Terroristsp. 103
Crime and Terrorp. 103
Terrorist Financingp. 104
Osama, Your Mamap. 106
Ideology or Greed?p. 110
Drug Dealing for the Causep. 115
How's Your Mom?p. 116
Honey. I'm Homep. 117
A Cache for Cashp. 120
Domestic Banking and Securitiesp. 123
KYC = CYAp. 123
A King or a Kingpin?p. 127
The Four (+1) Basic Principles of Money Laundering Compliance
Know Your Employeesp. 138
The Muffin Manp. 139
The Securities Marketp. 142
Cash Intensive Businessesp. 145
Smurfsp. 147
Offshore Bankingp. 149
Why Go Offshore?
Currency Smugglingp. 152
The Black Market Peso Exchangep. 154
The Much Maligned Cayman Islandsp. 156
The Name is Gibbs...Brian Gibbsp. 159
Russiap. 163
Ukrainep. 166
Private Bankingp. 167
Correspondent Bankingp. 168
Don't Deal Dope without Itp. 170
Buddy, Can You Spare a Dinar?p. 172
Why Not Buy Your Own Bank?p. 175
Hawallah by any Other Namep. 180
Forgery Documentsp. 182
Counterfeit Passports
So You're Going to Prison!p. 187
At Least It's a North American Institutionp. 189
What to Expect on the Insidep. 190
After the Verdict and Sentencingp. 191
Sizing You Upp. 194
The College of Criminal Knowledgep. 195
Cops, Cash and Corruptionp. 199
It Isn't Money, It's Evidencep. 199
A Million Ways to Get into Trouble?p. 205
Economic Subversion and the Gray Market Economyp. 209
One Hour Later, You'll Feel Like Laundering Money Again!p. 209
Ya Gotta Leave Your Keysp. 211
You Want Fries With That?p. 211
Swingersp. 215
Economic Subversion and the Gray Market Economyp. 217
One Hour Later, You'll Feel Like Laundering Money Again!p. 217
Ya Gotta Leave Your Keysp. 219
You Want Fries With That?p. 219
Swingersp. 223
Conclusionp. 227
Endnotesp. 229
Indexp. 233