And the former officials said that federal law enforcement agencies had to seek Justice Department approval to launder amounts greater than $10 million in any single operation.
Internationally, Guzmán's dazzling masterstroke was to deal with the fortunes amassed by the Sinaloa cartel by finding mainstream banks through which to launder amounts of money that were simply too great to remain in Mexico.
Yeung faces five counts of money-laundering amounting to around £59million.
But other rich countries have much to do to show that their desire to crack down on money-laundering amounts to more than an excuse to bully small Caribbean states.
Perhaps there is no better example of these extremes than the empty and meaningless criminal charges against HSBC for laundering massive amounts of drug money, even as the war on drugs has so utterly devastated the black community.
By Season 4, Walter is earning seven million dollars a year, and how to launder large amounts of money is a perennial challenge for narcotics professionals.
Over the past decade or so, it became clear that brothels, sex stores, clubs, and hash cafés were being used to launder large amounts of money for Serbian, Russian, Turkish, and Israeli crime syndicates.
Mr. Tremblay, the former president of Dominion Investments, was arrested after he was videotaped in a sting operation in which he agreed to launder large amounts of money from drug sales, prosecutors said.
IRS Commissioner John Koskinen appears to be headed toward issuing new IRS regulations that will continue to license section 501(c)(4) groups to improperly launder massive amounts of secret contributions into federal elections.
The sums they need are tiny compared with the amounts laundered from drug trafficking.
Offshore banks and tax havens hide and launder the large amounts of cash that are central to illegal arms sales.
