Customer Reviews

The Art And Science Of Money Laundering

5 star:		(0)
4 star:		(0)
3 star:		(0)
2 star:		(0)
1 star:		(2)

 

 

In this 199 page book only two and one-half pages are dedicated to how money is laundered and that's the art and science. Over 130 pages are dedicated to a country-by-country risk analysis and this information is easily available from a number of sources on the internet. If that is what you want, then this is a great book. If you really want to know money laundering techniques and practices then look elsewhere.

The number of missing details or oversight was frustrating. For example, page 1 of the book starts with "placement", which is interesting, but if you are new to anti-corruption or fraud investigation then it would be nice to know that placement is only the first step in money laundering. By the way, the other steps are layering and integration.

I recommend Peter Lilley's book "Dirty Dealing" as a better introduction to money laundering.

I expected to see in this book an explanation on the most prevalent schemes of laundering. Instead it dedicated most of the book to describe what is happening in different countries of the world in terms of laws and law enforcement. This information is not what the title and the subtitle promise. The information presented could be gathered from different sources over the internet but most importantly such information can become obsolete in no time (the book is published in 1998). The best thing about this book is its title but unfortunately it did not meet my expectations at all.