Money Laundering: A Guide for Criminal Investigators, Second Edition (Hardcover)

by John Madinger (Author) "A stockbroker and a lawyer were sitting in a bar, chatting with the bartender..." (more)
Key Phrases: activity involving financial transactions, cash transaction system, financial search warrant, United States, New York, Federal Reserve (more...)

Editorial Reviews

Review
This is an excellent book and a recommend read for the novice, the expert and the voyeurI'll tell you this, if James R. Richards, authors a second volume on financial crimes, I would like to be the first to purchase it.

Product Description

With numerous case studies, graphs, tables, and charts, Money Laundering: A Guide for Criminal Investigators gives law enforcement professionals a clear understanding of money laundering practices, legislation, and investigation. This second edition highlights the link between money laundering and terrorist funding. It includes new sections on basic terrorist financing and explores specific terrorist financing schemes, describing methods, applicable federal laws, and examples from real cases. The author also presents up-to-date information on legislation and its impact on money laundering investigation and explains how changes to federal forfeiture laws affect money laundering laws.

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Product Details

• Hardcover: 560 pages
• Publisher: CRC; 2 edition (April 27, 2006)
• Language: English
• ISBN-10: 0849333954
• ISBN-13: 978-0849333958
• Product Dimensions: 11.1 x 8.4 x 1.2 inches
• Shipping Weight: 3.2 pounds (View shipping rates and policies)
• Average Customer Review: 3.7 out of 5 stars See all reviews (7 customer reviews)
• Amazon.com Sales Rank: #334,782 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

18 of 19 people found the following review helpful:

5.0 out of 5 stars An excellent nuts and bolts introduction., October 17, 1999

By A Customer

This review is from: Money Laundering (Hardcover)

As a Canadian police officer, I picked up this book expecting to find its understandable American focus to be of limited use to me. Instead I was very surprised. Yes it is entirely American in focus and reference, but its explanation of laundering methodologies - and weaknesses - was exceptionally straight forward and of universal application. I was able to apply several aspects immediately to an existing international investigation of commercial fraud.

It is in its explanations that the book is strongest. These are simply written, without jargon. For example, using the analogy of Al Capone's enterprises, it gives the best and simplest description of a balance sheet and financial statement and what goes into their makeup that I have ever seen. When this began I was suspicious that the Capone analogy was going to have to be stretched beyond any usefulness, but this turned out not to be the case at all. In fact, the analogy gave the explanations life and character.

Its outline of resources, to consider was equally direct and useful, even to a Canadian investigation.

2 of 2 people found the following review helpful:

4.0 out of 5 stars Excellent Resource, September 29, 2005

By	Sheri Barrette "Graduate Student" (Boston, MA) - See all my reviews (REAL NAME)

This review is from: Money Laundering (Hardcover)

The text provides excellent introduction into the crime of money laundering...very easy to understand and at times comical. Although the book is a bit dated, its concepts remain the same and I would recommend this text for anyone interested in understanding the role of money laundering.

20 of 29 people found the following review helpful:

1.0 out of 5 stars Money Laundering for the Stupid., April 7, 2001

By A Customer

This review is from: Money Laundering (Hardcover)

Do not waste your time or money on this book. The book assumes that all readers have the financial literacy of a high school student. Of course, the book was purportly written for police investigations so maybe the authors dummed it down so their fellow law enforcement friends would be able to understand it. For example, the book goes into painly silly details about what a balance sheet and income statement are all about and how to read them properly. (ie the section on debit-credit was particularly useless) My personal favorite was the filler section on how to buy real-estate or securities. The book only really gets to the interesting(and the most imporant aspect of a book on money laundering) "how to" structures of money laundering operations in a couple of chapters. One chapter is basically dedicated to simple structures like using smurfs so that is essentially useless. BOTTOM LINE: if you are at all familar with money laundering, financial statements, bank secrecy act, tax rules, yadda yadda, then this book is a waste of your time. If you know nothing about the above, then you may find the book useful.