![]() Informal money transfer systems have been used by law-abiding citizens as a way of transferring money from one place to another for centuries. As soon as cash is handed over to these networks, the trail hits a dead end for investigators trying to work out where this money has gone or how it has been spent. More and more criminals are using them now, and the further up the chain they are, the less likely they are to try and launder the money themselves.”įor a small fee ICNs use a web of informal money transfer systems to move criminal cash around the world. “We concentrate on the vehicles used to move money, and one of the main methods is via ICNs. But if you follow the money with international controller networks (ICNs), it gets you absolutely nowhere,” Brian Ludlow, a senior money laundering expert at the NCA, told VICE News. “Financial investigators get told to follow the money.
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