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A comment on FIFA Officials Arrested on Corruption Charges; Face Extradition to U.S. Parent comment

Re:FIFA Officials Arrested on Corruption Charges; Face Extra... by ptaipale on Thursday May 28, 2015 @09:02AM (#9617798)
Well, "recent" is relative. Modern money laundering procedures started to develop in 1920's and 1930's; the proceeds of crime were hidden with banking schemes, and Meyer Lansky eventually even bought a Swiss bank to help do it for the American mob.

But I would guess that already ancient Chinese criminal gangs did something similar, to make the proceeds of illegal activities appear legal.

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Re:FIFA Officials Arrested on Corruption Charges; Face Extra... by splittist on Thursday May 28, 2015 @09:41AM (#9618037)
Money laundering is old. Money laundering being its own stand-alone crime is recent.

(And part of the modern trend of criminalizing the living of one's life in a way not maximally transparent to the government.)

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