Money laundering is asold as money itself - and yet the laws designed to prevent it are asineffective as they have ever been. Today's anti-moneylaundering laws stop only a staggering 0.05 per cent of global illicit financialflows, while significantly increasing the regulatory burden on legitimatebusinesses and consumers. Fraudsters and criminals stay several steps ahead ofregulators, while it often costs governments more to execute forfeitures thanthey reap from them. In short, it's abundantly clear that these laws, thoughset up with the best of intentions, are not working. Billions move around theworld in cash, gold and other assets every day without a trace. How toLaunder Money explains how and why, breaking down in delicious detail themechanics of money laundering - not to enable wrongdoing but to illuminate it,to showcase the bent levers of finance and how they are pulled. While acknowledgingthe challenges faced by law enforcement, it also provides concrete recommendationson how to reduce the crime associated with money laundering, empoweringreaders, professionals and policymakers to recognise vulnerabilities andunderstand what truly works in the fight against financial crime. The criminals alreadyknow how to launder money; this is, in part, their inside story. This book isfor the rest of us, who want to know how the laws that are supposed to protectus are in reality doing more damage than ever before.