Luis Garcia-Blanco, a Cuban who had arrived in Miami on the Mariel boatlift, was accused of shooting his ex-girlfriend Maricel Gutierrez in the head with a machine gun in 1980, in Miami-Dade. He had allegedly also cut off her finger and kept it in a Bible.
Money laundering is the process of disguising criminal proceeds that is, the process of cleansing the taint from the proceeds of crime. Money laundering, as a very general matter,.
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Anti-Money Laundering (AML): An Overview of Compliance and Due Diligence Under the Bank Secrecy Act and Other Laws Thursday, April 22, 2021
Anti-money laundering (AML) compliance is a growing concern for financial institutions, brokers, and other businesses. While federal AML laws have been in place for decades, the exponential growth in volume of transactions involving offshore banks and other foreign entities, AML compliance has garnered increased attention from the U.S. Department of Justice (DOJ), Financial Crimes Enforcement Network (FinCEN), and other authorities in recent years.
As a result, all entities that are subject to the Bank Secrecy Act and other pertinent laws need to prioritize compliance, and they must ensure that they perform adequate due diligence in order to fully meet their AML obligations.