Money laundering

1.

Money laundering
Marianna Kutsenko
Lomonosov MSU
School of Public Audit

2.

Actors
• Drug dealers
• Burglars
• Fraudsters
• People traffickers
• Smugglers
• Terrorists
• Extortionists
• Tax evaders
• Illegal arms dealers
• Lawyers
• Accountants

3.

Process
Dirty money
Clean money
Placement
Layering
Integration

4.

Placement
Smurfing
Bank account
Illegal profits
Bank account
Bank account

5.

Layering vs. integration
• Original source distancing
• Cash couriers
• Money transmission
• Cash intensive businesses
• Shell corporations
• High value assets
• Property transactions

6.

The most common means
• Property
• Investment
• Conspicuous consumption
• Money service bureaus
• Smuggling
The National Criminal Intelligence Service (1992)

7.

Thank you for your attention!