How to launder money for fun and profit.

[formercia]

and screw your customers, as if they're going to complain to the authorities.

A Bank Julius Baer update:

http://88.80.13.160/wiki/Bank_Julius_Baer:_Grand_Larceny_via_Grand_Cayman

[Hydra]

1. You know

They could just use the dirty money. We all know it's dirty, and we know the US gov't doesn't care. There's no point in them moving money here, there and everywhere when selective enforcement is in effect.

[formercia]

4. Another BCCI?

I wonder how many banks have taken over the load of dirty money that used to flow through BCCI.

[alfredo]

2. I wonder where bush and cheney are hiding their kickbacks from the

contractors in Iraq?

[formercia]

3. Banks like this act as a cover for criminality.

Not the petty crime we see on TV, but the multi-Billion thefts and diversions that fund state-sponsored terrorism, narco-trafficking, covert arms dealing and that little crooks can only dream about.

[alfredo]

6. That missing 8 billion?

[formercia]

5. I'm really surprised this hasn't had more responses.

I think people are just burned-out.

[DireStrike]

8. I don't think there's any way to fix this

The moneyed and powerful will always find dark alleys in which to conduct shady business. It's the nature of power. Of course, it sure feels like there are more criminals around lately.

[AntiFascist]

7. Indira Singh spoke of Carlyle Group's Cayman Islands' shell companies...

being used to foster the terrorism economy. I wonder if any headway will be made with this? Not likely if Clintons are in control.

[bleever]

9. K&R.

Long live wikileaks.

[DCKit]

10. The Riggs Bank scandal was very hushed.

Had Riggs been fully investigated, the repercussions would have gone around the globe and could very well have tied in with terrorist funding of 9/11.

It's just more of the same.

[salin]

12. Only recently did I read that Riggs is no more...

back when I lived in DC it had a long history and a prominent old building very close to the WH. The scandal, indeed was kept very hushed. I follow the news closely and have for about six years, and somehow this missed my radar.

[JCMach1]

11. Money Laundering is not a hard thing...

On a flight back to the UAE from Armenia, the plane was packed with Russian Mafia types. In the middle of the flight, the 'managers' passed out packets of $100 dollar bills. I would guess about 50,000 in each bundle (which is the limit of cash you can bring into the UAE). Once the couriers are outside of the airport, they hand the loot back and collect the fee. From there it is easy to pay cash for assets here in the UAE. This is so common, they almost passed me one of the bundles. I guess I look Russian, was wearing the requisite black leather jacket, and had to sit next to two mafiosos because of a seating mixup.

Now just multiply 50,000 x the 24 or so mafia goons on the plane and who needs a bank!

[formercia]

13. UAE and smuggling

Big business since ancient times. If it wasn't for the Mafia on the flight, the airline probably could not afford to run flights to Armenia.

[JCMach1]

14. Part of the Business model- Flight is less than $200

[formercia]

15. Like the cheap fares to Vegas

'cuz that's where the money goes.