Word: laundering
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...proposal to get tough on banks that launder cash...
...time crime in the U.S. must be able to count on one thing: converting its seamy gains into money that is easier to use than the stacks of $50s or $100s in which payoffs are often made. By a process known as laundering, criminals deposit money in American or foreign banks, then withdraw it and invest it in construction projects, real estate or corporations. There is a lot to launder. The underworld's haul is estimated at no less than $ 170 billion annually from drug trafficking, prostitution and illegal gambling. Last week a report by the President...
Wildlife traffickers often launder items: if a country bans the export of a species, smugglers spirit animals into a nearby nation that permits their export. An official of an accommodating government can be bribed to list his country as the origin of items. Says Paul Gertler, a biologist with the federal wildlife permit office: "Inspectors at ports of entry are put in the position where they have to take the word of another government...
...legal answer to whether the U.S. could, in effect, launder military equipment through Israel is no. The Foreign Military Sales Act of 1968 and the Foreign Assistance Act of 1961 both prohibit the transfer of arms and materiel from the recipient to a third country unless the President consents and Congress is notified. In reality, nothing could stop Israel from reaching an informal agreement with Administration officials to supplement aid to El Salvador and the contras. The Israelis also could increase arms shipments without consulting Washington, knowing full well that such a move would be welcomed by the White House...
...circle grew. In May 1982, Andropov was relieved of his position as head of the KGB and promoted to the spot on the party's powerful Central Committee Secretariat that had been left vacant by the death of Ideologist Mikhail Suslov. It was seen as a move to "launder" Andropov for the top party post. When Brezhnev died six months later, Andropov had lined up enough support to beat back the challenge of Konstantin Chernenko, who was widely believed to be Brezhnev's personal choice for the post of party General Secretary...