Question

Money laundering has become a mechanism for terrorist financing activities. Research this topic and write a 4-page paper addressing the following:

Describe how and why terrorist organizations use money laundering as a tool for financing their activities.

How can investigators detect and investigate these schemes?

What specific types of evidence will be useful to investigate these crimes?

Is there any correlation between cybercrime and the techniques used to launder money?

Identify a real case of money laundering and discuss the details?

Answer 1

How and why terrorist organization use money laundering as a tool for financing their activities:

Ans: the criminal organizations are involved in primarily in profit- making crime. They a re constituted for this purposes as well as to exploit crime opportunities in a systematic and large scale manner.the reason is that the operation may generate vast amount of wealth.

Investigators detect and investigate these schemes by establishing the link between cash , illicit activities and their perpetrators.

Breaking up large amount unto smaller bank deposits.

Purchasing money orders in smaller money amounts.

These types of evidence will be useful to investigate these crimes:the data fusion center concept broadens the scope of the types of the data sources available for intelligence analysis.several tools such as SN-SPHERE ,IT DETECTS and investigates money laundering activities and can easily interface with other invesgative systems.the account owner withdrawal/deposit/transfer is detected by organizations.the profile analysis is done.

Yes,There is correlation between cybercrimes and money laundering techniques.

Real case:

In1980s, the bank of credit and commerce international, a bank registered in Luxembourg and with offices in London, was found guilty of laundering an amount of money estimated to be in the billions for drug traffickers.