Money launderers hiding transactions
Money launderers are changing their tactics to throw the authorities off their tracks, according to a top investigative accountant.
Israeli forensic investigator, Yehudah Barlev, said criminals were passing smaller amounts of money through the system to prevent arousing suspicions in accountants, banks and law firms, and avoid getting caught by fraud experts.
He told the Times: ‘The authorities are looking for big sums but how do you spot the small $1000 transactions? The system is not built for that.’