The international selling of armaments for profit, carried on by governments and by private contractors around the world.
One step removed from streetwalkers, can also find that they are working for enterprises connect to organized crime groups. The B-girl attempts to get the customer to buy her expensive drinks ( $10-15 ) then gets a percentage of each drink she gets the guy to buy. When he stops buying drinks, she attempts to solicit for sexual services.
BMPE Black Market Peso Exchange
an alternative or parallel money system through which drug trffickers sell U.S. dollars to brokres for pesos, is another underground banking system that launders drug proceeds. The BMPE is estimated to be responsible for moving $5 billion worth of drug proceeds from the US to Colombia. Money brokers utilize the black market in Colombia to purchase narcotics proceeds from the traffickers. The money broker pays the trafficker in pesos at the BMPE rate, a lower rate than the official exchange rate.
involves the placing of bets on horse races, fights, basketball, football, and baseball games and so on. The bookmaker is a broker who, for a fee known as the vigorish, accepts wagers that he hopes will balance one another so payoffs to winning bettors can be paid from losing bettors' money, with something left over from the bookmaker.
where organized crime groups are infiltrating legitimate businesses, there is widespread concern that underworld criminals are widely involved in the ownership of legitimate construction, sold waste disposal, food processing, and trucking businesses, as well as restaurants, bars, racktracks, and casinos.
Escorts, attractive, must have 4 year college degree, very high fees, ONLY do oral and regular sex, follow ettiquette handbook, customer satisfaction very important, clients are wealthy and attractive
smuggling of contraband (cigarettes, alcohol products, and firearms) across international borders.
An act by an official or fiduciary who unlawfully and wrongly uses their position to obtain some benefit; Bribery, Conflicts of Interest ,Illegal Gratuities, Economic Extortion~13% of all fraud, x10 greater $$$ loss than misappropriation of assets
A counterfeit product is an imitation which infringes upon a production monopoly held by either a state or corporation. Goods are produced with the intent to bypass this monopoly and thus take advantage of the established worth of the previous product. The word counterfeit frequently describes both the forgeries of currency and documents, as well as the imitations of clothing, software, pharmaceuticals, watches, electronics, and company logos and brands. In the case of goods it results in patent infringement or trademark infringement.
In finance, the exchange rates (also known as the foreign-exchange rate, forex rate or FX rate) between two currencies specifies how much one currency is worth in terms of the other. It is the value of a foreign nation's currency in terms of the home nation's currency.
Manufacturing, distributing, dispending, importing, and exporting (or possession with intent to do the same) a controlled substance or a counterfeit substance
A violation of the criminal law that, although typically committed by businesses or by business officials, may also be committed by other people or by organizational entities and that damages some protected or otherwise significant aspect of the natural environment
when people risk money or possessions on the result of something which is not certain, such as a card game or a horse race.
gold used to make jewelry, another way of money laundering. The broker owns the narcotics proceeds in the U.S. and must find a way to move this currency. Gold is smuggled out of the US to Colombia and is then sold to legitimate gold depositories in Colombia. The broker is then paid in pesos at the official exchange rate.
hardcore pornography magazines which depict more specific and explicit sexual acts.
an international underground banking system that allows money to be deposited in bank accounts without any paper trail, bank charges, trasmission delays, or foreign exchange regulations, is an alternative money remittance system used primarily in the Middle East. The money transfer takes place between memgers of a network of hawalandars (hawala dealers) based on telephone, email, and fax communitications. Hawala requires only trust.
the use of union power for personal profit.
provides money at a high interest rate to people who, for a variety of reasons, have little choice but to go to such sources in search of financial support. Also called "shylocking" Loansharking has the reputation for charging exorbitant amounts for its loans and for physically assaulting those who delay or never repay their loans. Also known as "shylocking" omeone who lends money at excessive rates of interest.
The process of concealing or disguising the existence, illegal source, movement, destination or illegal application of illicitly derived property or funds to make them appear legitimate. It usually involves a three part system: Placement of funds into a financial system, layering of transactions to disguise the source, ownership and location of the funds, and integration of the funds into society in the form of holdings that appear legitimate. The definition of money laundering varies in each country where it is recognized as a crime.
A commonly used money laundering method, smurfing involves the use of multiple individuals for making cash deposits, buying monetary instruments or bank drafts in amounts under the reporting threshold. Making deposits under 10k.
soft core pornography
results from the restrictiveness of public policy that prohibits hard core ***ography or from a producer's desure to reach a consumer audience larger thatn patronizing ** shops or adult movie theaters. Playboy magazine is an example of soft** material, featuring suggestive sexual material. As opposed to hard core ***ography.
The king of bookmaking. Unlike numbers and horse wagering, sports betting caters mainly to the affluent.
a prostitute who solicits on the streets. Operated within informal criminal networks. Using work with a pimp or "manager".
The misuse of union benefit funds. see Sweetheart contract
The misuse of union benefit funds. A sweetheart contract is a contract that an employer and union officials devise with substandard terms for union members. This contract does immeasurable damage to the interests of union members. In return for a bribe paid to corrupt union officials, the company is able to negotiate a highly beneficial contract with its workers. Union demands for higher wages, better working conditions, and stronger benefit packages are reduced to benefit the company. It increases its profits at the expense of the workers. The only winners are the company's and the mob-controlled unions.
UBS Underground Banking System
The more formalized and secrettive system of using ordinary businesses as fronts for money movement. It differs from the money service businesses because these companies on the surface are not in the business of moving money. A trafficker can bring the funds needed to purchase drug supplies or the proceeds from the sale of drugs to an underground banker and within hours have these funds transferred internationally with no official paper trail. Charge very little for their services. See U.S. Patriot Act, § 373
an exorbitant or unlawful rate of interest,the vigorish, accepts wagers that he hopes will balance one another so payoffs to winning bettors can be paid from losing bettors' money, with something left over from the bookmaker
U.S. Patriot Act, § 373
U.S. Patriot Act, § 373 amends 18 U.S.C. 1960 to prohibit unlicensed money-transmitting businesses from transferring funds for the public any any and all means, to include transfers within, but not limited to, this country or locations abroad by wire, check, draft, fax or courier.