Question

Why do you believe money laundering is a difficult fraud to investigate

Answer 1

Money laundering is mostly a difficult situation to Investigate as sometimes it miss the clue chain for tracking Criminals, Sometimes Criminals not have a identity/social security to trace and the funds moved through offshore accounts is still unavailable for accessing any kind of information to whom transferred and whom to be transferred.

It is very difficult to trace when governmental authority or Person or Agent or Agency of authority support / help such kinds of frauds or Money laundering situations. They are looting and transferring the money within seconds and closing the accounts for unidentity.

Sometimes It may not be difficult to investigate but difficult to gather the evidence We all know facts so happened but difficult to get evidence and prove in the court of law as because of unauthorised way of activity and transaction, If it is authorised then all documents are available.

Every Country may not follow transparency rather they follow their own rules and regulations depending upon the situations it is facing around the world. some of the countries indirectly encouraging by not laying appropriate controls by way of regulations.

Most of the Money Laundering happening in the united states are belonging too or linked to another country which results in gathering the evidence from other countries which is so risky and lot of intrications are involved and very tricky situations. Some of the countries still following anonymous way to open bank account and close the same, The country indirectly promoting money laundering thereby terrorism thereby harming world economy and peace. Bitcoin is one of the example , is it authorised to issue such kind of currency or paper, where funds are unknowly investing thereby increasing the value of bitcoin and realised gains are transferring as a real earned Money.

The rules and Regulations and dual economy business treaty which always impact the investigation in many ways which results in lack of evidence thereby relieving the case without any proper action and prosecutions.