Grasping Money Laundering Methods and Techniques

There is no real evidence that suggests when the term money laundering was coined. However, referring to the historical sense of this term, it can be explained in several ways. One explanation comes from the book Lords of the Rim by the American historian Sterling Seagrave where the author explores the phenomenon of merchant conducting businesses in China since 3000 B.C. At that time, wealth was concealed by hiding, moving, and investing outside of China. Even though the term money laundering was not invented yet, the principles of money laundering were founded. These included the conversion of illicit funds into movable assets and then moving them outside its jurisdiction to invest in other legal economies.

Autorentext

O Dr. Alain Ndedi é consultor do Banco Mundial e presidente da lancedafric.org. Professor do Governo, é especialista em finanças e organização públicas. O Sr. Lawrence Kok é um especialista em RH associado à Universidade de Tecnologia de Vaal. Actualmente, está a fazer um doutoramento centrado no reforço das capacidades das instituições terciárias.