Re: cyber money laundering

On 4 Dec 2005 18:42:51 -0800, christo wrote:

> Thanks very much for responding and giving me the information about
> kiting and dynamic structure. The other part of my question which I
> didn't express properly is, what if someone used other peoples'
> accounts to transfer the money through, in order to try hiding it,
> complete strangers, without their knowledge or consent. Would there be
> a way to hide the money incrementally in other peoples' accounts spread
> out through cyberspace? What kind of security, such as codes, is used
> to prevent this?

Willing and unwilling people in this kind of scheme are called mules. They
are usually paid to take money in and return it less a fee.

This whole money laundering issue is a tough nut and it takes
professionals. Assets bought, assets sold, checks in, cash out, cash
deposited, fake named accounts, etc.

There are complex and sophisticated tracing programs, few countries are
left, due to terrorism, which are weak on ML. Most have task forces
specifically for ML.

If this is a theoretical question, ok, if you are contemplating ML, from
your questions, you're going to get caught with a 99% probability.

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