On addition to the research called Money Laundering in the Philippines.....In essence, the rule in successful money laundering is always to approximate as closely as possible legal transactions and apply the methods routinely employed by legitimate businesses to disperse any suspicion. In the hands of the criminals, they do transfer-pricing between affiliates of transnational corporations via phony invoicing; inter-affiliate real estate transactions become reverse-flip property deals; back-to-back loans turn into loan-back scams; hedge or insurance trading in stocks or options become method or cross-trading; and compensating balances develop into so-called underground banking schemes. On the surface, it may be impossible to differentiate legal and illegal variants. The distinction becomes clear only once a particular criminal act has been targeted and the authorities subsequently begin to unravel the money trail.
Posted on: Wed, 10 Jul 2013 15:36:49 +0000
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