ABSTRACT
Money laundering was not considered a crime until the 1980s when Congress passed a series of laws. Organized crime groups have laundered gains from illegal activities for many years. However, it has not been until the 1980s when laws were passed to address the money laundering activities. Fraud examiners are called on to unravel various money laundering schemes. ‚ere are many accounting and auditing techniques that can be used to detect these schemes, and the fraud examiner should be well versed in their use.
