The Washing Machine
One of the best reads of the year, The Washing Machine details how various banks, politicians, terrorists groups, black market dealers, and others launder illegal money to give the appearance of coming from legitimate enterprises. The author is not shy about naming specific banks, groups, and techniques that have been used and follows the money trail from beginning to end. Some of the companies and groups mentioned include the Bank of New York, the Russian Mafia, Al Qaida, and offshore financial entities in Ireland, Turkey, Sri Lanka and other places. The final chapters deal with what the various countries and law enforcement are doing today to help curb the problem. This is a real education in what goes on in the underworld of illegal activities and how the income gets reintegrated back into business enterprises that appear legitimate. The Washing Machine is a highly recommended read for anyone interested in the financial underworld.
Author: Nick Kochan
Publisher: Thomson/South-Western
Texere imprint
5191 Natorp Boulevard
Mason, OH 45040
Copyright: 2005
ISBN: 1587991594
Pages: 286 plus various aftermatter