The Money Launderers

Author: Bob BlundenPublisher: Roli BooksYear: 2003Language: EnglishPages: 152ISBN/UPC (if available): 817436 2592 DescriptionDuring the Vietnam war hawalla dealers bought American Gls' pay cheques at a discount, which were encashed at par by their associates in New York. Gold bought with the cash was smuggled back to Vietnam to be sold in the black market at exorbitant prices. Credit card data stolen by dishonest store assistants are sent to Hong Kong, where duplicate cards are forged. Italian Mafia buy these to sell them to Russian thugs who buy high quality goods that end up on the shelves of Moscow departmental stores. Triads often operate cyber protection rackets by using Denial of Service attacks on financial businesses, by 'hijacking' the computer and later 'releasing' it on payment of hefty ransom. Cash based businesses such as casinos, are ideal scenarios for the laundering of dirty money. But football? Drug syndicates are eyeing even football clubs as investment opportunities.