Beruflich Dokumente
Kultur Dokumente
Chapter 7
Money Laundering and Transnational Financial Flows
CHAPTER SUMMARY
Overview
The purpose of this chapter is to learn how money laundering occurs and to determine whether anything can
be done to trace it and prevent it,
Identification Through Wire Transfers. With both wire transfers and EFTs, there is a great deal of information
logged about these transactions. Depending on the logging system, different information can be retained.
Identification Through Bank Reports. The mandatory information on a Fedwire transfer is
The receiving bank's nine-digit American Bankers Association (ABA) number
Type/subtype classification: regular transfer
The sending bank's nine-digit ABA number
The dollar amount of the transfer
Name of the originator of the transfer