3rd Edition

Money Laundering A Guide for Criminal Investigators, Third Edition

By John Madinger Copyright 2012
    430 Pages 200 B/W Illustrations
    by Routledge

    Many changes have occurred in the twenty-five years that have passed since the enactment of the Money Laundering Control Act of 1986. The law has been amended, new underlying crimes have been added, and court decisions have modified its scope. The Act remains an important tool in combating criminal activity. Now in its third edition, Money Laundering: A Guide for Criminal Investigators covers the basics of finding ill-gotten gains, linking them to the criminal, and seizing them. Providing a clear understanding of money laundering practices, it explains the investigative and legislative processes that are essential in detecting and circumventing this illegal and dangerous activity.

    Highlights of the Third Edition include

    • Important court decisions and changes in federal law since the Second Edition
    • New trends in crime and terrorism financing
    • The rise of money laundering in connecting with major frauds, including the Bernie Madoff case
    • Law and policy shifts related to terrorism and financing since the Obama administration
    • New methods for financial intelligence and the filing of Suspicious Activity Reports
    • How changes in technology have enabled launderers to move funds more easily and anonymously

    Knowledge of the techniques used to investigate these cases and a full understanding of the laws and regulations that serve as the government’s weapons in this fight are essential for the criminal investigator. This volume arms those tasked with finding and tracing illegal proceeds with this critical knowledge, enabling them to thwart illegal profiteering by finding the paper trail.

    Basic Concepts
    The Historical Context
    Federal Money Laundering Statutes
    Money Laundering Forfeiture
    Related Federal Statutes
    International Money Laundering Control
    Introduction to Financial Investigation
    Introduction to Books and Records
    Indirect Methods of Proving Income
    Business Operations
    Domestic Banking
    Banking Operations
    International Banking
    Money Transfers
    Real Property
    Obtaining Financial Information
    Sources of Information
    Basic Money Laundering Schemes
    Diabolically Clever Laundering Schemes
    Fiendishly Complex Money Laundering Schemes
    Fraud and Money Laundering Issues
    Terrorism Financing
    Financial Intelligence
    Investigating Money Laundering Cases
    The Case File
    Appendix A: Glossary of Terms Used in Money Laundering Cases
    Appendix B: Source Debriefing Guide
    Appendix C: Subpoena Templates
    Appendix D: Bank Secrecy Act Forms
    Appendix E: Money Laundering Forfeiture Statutes
    Appendix F: List of Specified Unlawful Activities (SUAs)
    Appendix G: Federal Statutes Relating to Terrorist Financing


    John Madinger recently retired as a senior special agent with
    the Criminal Investigation Division of the Internal Revenue
    Service. In his 36-year law enforcement career, he also served
    as narcotics agent, supervisor, and administrator. He holds a
    bachelor’s degree in criminal justice from Indiana University,
    a master’s degree in history from the University of Hawaii, and
    was the honor graduate in the Treasury Criminal Investigation
    Training Program. He is the recipient of numerous awards
    and citations from the Internal Revenue Service, the Drug
    Enforcement Administration, and Organized Crime Drug
    Enforcement Task Forces. Throughout his career, he had
    extensive experience in money laundering, forfeiture, and
    financial investigations, developed training programs in these
    areas for the Treasury and Justice Departments, and developed
    and presented money laundering training in the United
    States, Europe, Asia, Africa, and the Caribbean.

    "John Madinger, who has extensive experience as an IRS criminal investigator, has written an outstanding introduction to the complex world of money laundering. It includes interesting sections on the history of money and of money laundering along with other forms of financial crime."
    Security Management June 2013