Every day the criminal gangs find new ways of avoiding controls on their illegal activities. So, the Colombians obtain clean gold to finance their affairs without the risk of being identified under the rules against the laundering. In the fight against money laundering some countries are adopting new strategies. It is all three and more. It aims to bring about change by breaking barriers between functions.
Money laundering is used by organized crime groups that have great economic power.
Follow the money To fight them, law enforcement has traditionally resorted to arrests, seizures and convictions. The focus has been on the underlying crime, drug trafficking, racketeering, prostitution, weapons trafficking, trade fraud, terrorism and, more recently, the smuggling of radioactive materials. But money laundering per se was not criminalized until 1986. The agency makes use of the latest information technologies available, such as artificial intelligence to detect trends and patterns of money laundering. FinCEN's initiative will make such identification much easier.