Word: laundering
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Dates: during 1980-1989
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Until the early 1980s, the flow of undocumented ivory into Japan went virtually unchecked. The country was awash in bogus documents used to launder ivory smuggled out of Africa. International protests grew, and Japan's traders began to realize that the extinction of the elephant would eventually put them out of business. Since 1985 Japan has complied with CITES rules and earned high marks from some conservationists. Its imports fell from 475 tons a year in 1983 and 1984 to 106 tons...
...Mafiosi in Sicily proved to be only temporary victories. Palermo's special investigating magistrates are trying, with little evident success, to untangle the intimate ties between the Sicilian Mob and politicians in the South. Like many legitimate businesses, the Mafia has gone global and uses sophisticated financial strategies to launder drug profits...
...investigation, the largest and most complex yet into money laundering, was called Operation C-Chase for the $100 bills (C-notes) that are the denomination of choice in major drug deals. While previous probes had netted mostly low-level operatives, C-Chase bagged far bigger suspects. The arrests were based on indictments handed up by federal grand juries in Tampa and other cities. The indictments named some 80 defendants and the first banking company ever charged in the U.S. with money laundering: the Luxembourg-based Bank of Credit and Commerce International, the seventh largest privately held financial institution...
Customs officials say the initial C-Chase probe of narcotics "greenwashing" in Florida, which started in 1986, led them to BCCI's drug-money network. Posing as money launderers, "Musella," "Erickson" and other agents gradually infiltrated drug-trafficking circles. In May 1986 Gonzalo Moro Jr., reputed to be the chief launderer for the Medellin cartel, approached one of the agents with a proposition. If the agent were to open some Florida bank accounts and help Moro launder cash, Moro would pay a commission on each transaction...
MIAMI--Federal prosecutors yesterday unsealed an indictment accusing Panamanian strongman Gen. Manuel Antonio Noriega with accepting $4.6 million to protect cocaine shipments, launder drug money and provide a safe haven in his country for top Colombian smugglers...