ROBERT E. GROSSE is Director of Research at Thunderbird, The American Graduate School of International Management. He holds a B.A. from Princeton and a doctorate from the University of North Carolina, both in international economics.

• What Is Money Laundering? Introduction and Explanation of Scope The Basic Money Laundering Arrangement The Andean Cocaine Business Foreign Exchange Black Markets A Recent History of Money Laundering Regulations, 1970-98 How to Launder Millions Early Cases La Mina, 1985-88 General Noriega and Panama, 1981-89 The Bank of Crooks and Criminals, Inc., 1988-90 The Santacruz-Londono Organization, 1988-90 (Jurado) Steven Saccoccia, 1988-91 Retail Money Laundries Raul Salinas, 1992-94 Operation Casablanca Economic Issues and Lessons Mexico's Black Market in Foreign Exchange and Its Relation to Narcotics Money Laundering--Measuring Money Laundering Activity The Colombian Connection How Should Banks Deal with the Problem? Conclusions and Government Policy Recommendations Appendix Bibliography Index

ROBERT E. GROSSE is Director of Research at Thunderbird, The American Graduate School of International Management. He holds a B.A. from Princeton and a doctorate from the University of North Carolina, both in international economics.

• What Is Money Laundering? Introduction and Explanation of Scope The Basic Money Laundering Arrangement The Andean Cocaine Business Foreign Exchange Black Markets A Recent History of Money Laundering Regulations, 1970-98 How to Launder Millions Early Cases La Mina, 1985-88 General Noriega and Panama, 1981-89 The Bank of Crooks and Criminals, Inc., 1988-90 The Santacruz-Londono Organization, 1988-90 (Jurado) Steven Saccoccia, 1988-91 Retail Money Laundries Raul Salinas, 1992-94 Operation Casablanca Economic Issues and Lessons Mexico's Black Market in Foreign Exchange and Its Relation to Narcotics Money Laundering--Measuring Money Laundering Activity The Colombian Connection How Should Banks Deal with the Problem? Conclusions and Government Policy Recommendations Appendix Bibliography Index

ROBERT E. GROSSE is Director of Research at Thunderbird, The American Graduate School of International Management. He holds a B.A. from Princeton and a doctorate from the University of North Carolina, both in international economics.

• What Is Money Laundering? Introduction and Explanation of Scope The Basic Money Laundering Arrangement The Andean Cocaine Business Foreign Exchange Black Markets A Recent History of Money Laundering Regulations, 1970-98 How to Launder Millions Early Cases La Mina, 1985-88 General Noriega and Panama, 1981-89 The Bank of Crooks and Criminals, Inc., 1988-90 The Santacruz-Londono Organization, 1988-90 (Jurado) Steven Saccoccia, 1988-91 Retail Money Laundries Raul Salinas, 1992-94 Operation Casablanca Economic Issues and Lessons Mexico's Black Market in Foreign Exchange and Its Relation to Narcotics Money Laundering--Measuring Money Laundering Activity The Colombian Connection How Should Banks Deal with the Problem? Conclusions and Government Policy Recommendations Appendix Bibliography Index