Word: illicited
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Dates: during 1980-1989
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...many other U.S. businessmen, ranging from bankers to stockbrokers, is that they could be next in line for a comeuppance. By accepting mountains of cash without asking questions, says the Reagan Administration, many of these enterprises are helping organized crime, knowingly or otherwise, to invest its booty from illicit activities...
...billion or so that criminals "greenwashed" through institutions in the U.S. last year represents a manyfold increase since 1974. By following these illicit funds to their sources, federal agents hope to nab the high rollers of drug dealing, loan sharking, illegal gambling and prostitution. And since banks are often a key link in the laundering process, the Feds want to get tough about the Bank Secrecy Act of 1970, which instructs banks and other financial concerns to file a report (Internal Revenue Service Form 4789) whenever they accept more than $10,000. By running the forms through computers, investigators...
...lawyers have made themselves "integral parts" of today's complex criminal enterprises, said the report. They guide the laundering of illicit money through a maze of banks, real estate investments and other transactions. They provide up-to-date counsel on how to minimize legal exposure--for example, by drilling operatives on what to do and say when they are arrested. Using the shield of attorneyclient confidentiality, full-time Mob lawyers lend their offices as unbugged meeting places for the planning of new schemes. When lawyers commit crimes to "protect the leaders of criminal cartels," said Irving Kaufman, commission chairman...
...group of coqueros controlling 80% of the drug market, met first with Alfonso Lopez Michelsen, a former Colombian President, and then with Attorney General Carlos Jimenez Gomez in Panama City to offer the Colombian government a deal: in exchange for total amnesty, they said, they would dismantle their illicit empires and repatriate $5 billion into Colombia's troubled economy. The government replied ; that it would accept nothing short of the traffickers' unconditional surrender...
...business of the Colombian drug czars has emerged from the shadows, their illicit dealings with neighboring countries like Panama have also come to light. Ever since the cocaine market began to prosper, some Panamanians have taken money in exchange for allowing the coqueros to use their country as a transshipment point. In addition, a few corrupt Panamanian bankers have permitted the Colombians to take advantage of the strictest banking secrecy laws in the hemisphere by laundering drug dollars. Last June U.S. customs agents in Miami discovered that a DC-8 jet transport, owned by Inair, at the time Panama...