MONEY LAUNDERING-Commercial & Criminal Law-Money from UNLAWFUL Activity-Dean Joe-Santos B. Bisquera

MONEY LAUNDERING-transacting & using Money or Property as Proceeds of an Unlawful Activity, concealing the true nature, source, location, disposition, movement or ownership of said Money or Property. Money Laundering involves Illegal or Dirty Money put through a cycle of transactions to "washed" so that they Dirty Money comes out of the end tunnel as Legal or Clean Money. The Source of the Illegal Money is obscured through successive transfers, for the Dirty Money to appear as Legitimate Income. Crime does not pay when the Dirty Money from Crime does not become "Clean Money", through Money Laundering. The Laundering Structure includes PLACEMENT, LAYERING & INTEGRATION. PLACEMENT removes the Cash from the place of acquisition to.transform it to other Asset forms. Bank Deposits, smuggling out of Cash and buying Property demonstrate alternative Placements. LAYERING conceals the source & Ownership of Funds being laundered through a complex web of financial exchanges -through Wire Transfers to overseas "shell" companies, deposits to Banks overseas - buy then resale of chattels and real properties. INTEGRATION is the final PAYBACK of engagement in criminal acts that bring about DIRTY Money to be "washed" as Clean Money integrated into the mainstream legitimate, economic and financial system through layers of fund transfers, LOAN-Back Overseas Bank Guarantees for Local Bank Loans or series of property Sales with Capital Gains reinvested until continuous "rollover" washer to cleanliness the DIRTY Money.
Al Capone's Dirty Money from Extortion, Gambling, Prostitution and Bootlegging through smuggling of "Beer" during the 'Prohibition' brought him $ Millions in Dirty Money. He bought San Francisco Laundry Shops to allow his DIRTY MONEY merged with Laundry CLEAN Money. FBI & IRS cornered him for an 11 year Prison Term for Tax Evasion using the Networth Inventory Method of Wealth.
Laundering Godfather Meyer Lansky used hotels and legitimate casinos to co-mingle his CLEAN MONEY with DIRTY MONEY, brought in speedy telegraphic transfers from domestic deposits to deposits in foreign Banks secured by Bank SECRECY Laws. INTEGRATION for Lansky allowed the use of Local Banks Loan secured by the Swiss Banks' Guarantees on Money already hiddren then laundered.
Philippine Anti-Money Laundering Policy has two (2) difficult facets - compromise the SECRECY Law to reveal Money Laundering. The Strategy is to "CHOKE" the entry into the Philippine Financial System of the FRUITS of CRIMES as the targeted DIRTY Money. The Components of DIRTY MONEY have been pinpointed as the "Choke" Points - the Predicate CRIMES - the BANKS, Insurance Companies , the Casinos and Investment and Securities Dealers as the "COVERED PERSONS" - the Threshold P 500.0 K Singular "Red Flag" Daily "Covered" Transactions for the Covered Persons to watch and "SUSPICIOUS" Transactions with clear indicators.

Justice Rodolfo G. Palattao is the Honoree for the Anti-Money Laundering Google Youtube Upload for his expertise in Criminal Law.































































































































































































A fresh Presentation of the Allowable Deductions under the TRAIN LAW cover Ordinary, Necessary and Legal EXPENSES, TAXES except Philippine Corporate Income Tax, Taxes imposed by Foreign Countries, Estate and Donor's Taxes and Local Assessment to increase the Property Value, LOSSES - Casualty Losses, Capital Loss net of Capital Gains, Gambling and Wagering Losses, BAD DEBTS - Uniliver/PRC, Research & Development - Product Advertisements versus Corporate Patronage, Pension Trusts - Funding for Employees' Retirement, Past Service versus Current Provisions, regular Contributions to the Fund separately set-up and managed, Charitable and Other CONTRIBUTIONS - Fully Deductible for Donations to the Philippine Government, International Organizations to include the UNICEF and the RED Cross and non-government Institutions in Health, Cultural and similar worthy Undertakings, Contributions with a % Maximum to include Individuals (10.0 %) and Corporations (5.0 %) and 8 % Gross Income Taxation for Taxpayers who do not exceed the VAT Threshold of P 3.0 Million.
A Personal Tribute to DELBROS Founder and Chairman of the Board of Directors, Ambassador ANTONIO Concepcion DELGADO.

MONEYLAUNDERING-CommercialCriminal