Who Is Winning the War between the United States Law Enforcement against Money Laundering in 2013?

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Has one ever wondered how a criminal can enjoy his profit without being exposed? If a criminal wants to enjoy his money successfully, he knows he has to hide the true proceeding of his wealth. Since there are criminals doing misdeeds for a financial motive, there has been ways to disguise the real origins of the profits. It was not until the 20 century when a formal term was imposed to this act. Even though the famous Al Capone was incarcerated because of tax evasion (actually considered as money laundering charges, too), he needed to make his money seems as legal money so the police won’t have any reason to suspect him. However, the situation for money launderers is not the same as Al Capone’s. If Al Capone was alive, he would need a …show more content…
Has one ever wondered how a criminal can enjoy his profit without being exposed? If a criminal wants to enjoy his money successfully, he knows he has to hide the true proceeding of his wealth. Since there are criminals doing misdeeds for a financial motive, there has been ways to disguise the real origins of the profits. It was not until the 20 century when a formal term was imposed to this act. Even though the famous Al Capone was incarcerated because of tax evasion (actually considered as money laundering charges, too), he needed to make his money seems as legal money so the police won’t have any reason to suspect him. However, the situation for money launderers is not the same as Al Capone’s. If Al Capone was alive, he would need a variety of techniques to launder his money. As time has passed and technology has been improving so has money laundering techniques, but the United States law enforcement is battling money laundering every year by implementing new laws and regulations so it would be harder to launder money and easier to prevent and uncover it.
Before discussing the topic, it is important to have a concrete definition of the term money laundering. Money laundering is a term that most people usually hear of in the daily news or the newspaper, but people don’t usually have a formal or concise definition of the term. Money laundering is the process of making “dirty” or “illegal” money seems like “clean” or “legal” money (Kelly, Maghan and Joseph). The process of