then the principles of money laundering have not changed, but the mechanisms have.
AL CAPONE'S 1931 CONVICTION FOR TAX EVASION LEADS TO THE MODERN PRACTICE OF MONEY LAUNDERING
The term "money laundering" is said to have evolved from the Prohibition era in the United States. Many methods were devised to disguise the origins of money generated by the sale of then-illegal alcoholic beverages. Following Al Capone's 1931 conviction for tax evasion, mobster Meyer Lansky transferred funds from New Orleans…
Words 8889 - Pages 36