The U.S. Attorney’s Office in the Southern District of New York has indicted Bruce Bagley, a University of Miami professor in the Dept. of International Studies, on charges of money laundering and conspiracy. Mr. Bagley is the author of a book on money laundering and organized crime and according to his bio, he served as an expert consultant for the UN, Dept. of State, FBI, DEA and several Latin American countries. The indictment claims that Mr. Bagley opened bank accounts for the sole purpose of moving money for corrupt foreign nationals.
Let that be a lesson to everyone. Don’t believe people who claim to be money laundering experts, teach a lot of money laundering classes, advise governments and financial institutions, and write a book on the topic of money laundering…..oh wait a minute,that’s the same as my bio!! Hmmm…er…hmm…ahh…. I may have to rethink that theory!
Note to self: The title of my next book will be, “Do Stupid Stuff – Get Arrested!
About the Author
Kevin Sullivan, CAMS, is a retired New York State Police Investigator and Federal Agent who dedicated his career to AML and continues that work through his company, The AML Training Academy. Kevin coordinated all AML investigations for the state of New York while being detailed to one of the worlds largest AML task forces, the NY HIFCA El Dorado Intelligence Center. He has helped develop and implement global AML guidelines and trained and advised all industries and government agencies requiring AML around the globe. He helped to write the certification testing program for the Association of Certified Anti-Money Laundering Specialists’ (ACAMS) and was the co-founder and former chair of their inaugural chapter which was in NY. Follow Kevin here.
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