How to Launder Money: A guide for law enforcement, prosecutors and policymakers

Money laundering is as old as money itself – and yet the laws designed to prevent it are as ineffective as they ever have been.

Today's anti-money laundering (AML) regulations were designed to eliminate profits from drug trafficking and combat tax evasion, terrorism and the spread of weapons of mass destruction. However, the modern laws have done little to stop crime and have instead significantly increased the regulatory burden on legitimate businesses and consumers. As one banker at an AML...