Introduction
There are those that aver that money laundering is a new type of crime; in actuality, the act has been practiced for quite some time. Safeguarding legal or illicit wealth from the prying eyes of the government has been a longstanding practice in society. For example, annalist Sterling Seagrave narrates instances 3,000 years ago when Chinese traders concealed there earnings in fear that authorities will confiscate their riches accumulated over years of hard work. The methods Sterling documented in converting currencies into transferrable assets, transmitting cash to other locales to set up a business, and trading at inordinately Continue reading...