A report from ACAMS and the US Immigration & Customs Enforcement published a document described as a Comprehensive Educational Guide for Law Enforcement and Financial Crime Investigators. It describes organised retail crime as a low-risk, high-reward business line for transnational criminal organizations’ portfolios that presents a significant financial and public safety risk. While retailers and law enforcement partner to investigate such cases and provide education on the misconceptions and misunderstandings, it is clear there is a missing link in these partnerships, and that link is financial institutions. It says that criminal organizations need to launder the nearly $70 billion of illicit proceeds gained from such activities annually. These organisations are looking to launder their billions through the formal financial sector, unregulated payment processors, and online marketplaces.
Any modest contributions for my time and ongoing expenses are welcomed! I have a page where you can do so, and where one-off contributions start as low as $3, at
NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!