Transnational Organized Crime Using Luxury Goods For Money Laundering
Understanding the Money Flows with Transnational Organized Crime
An Overview of Transnational Organized Crime Money Laundering
• SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
About This Article
Transnational organized crime (TOC) is increasingly turning to luxury goods like watches and handbags for money laundering. These items’ high value, portability, and established resale channels make them attractive for criminals to hide and convert illicit gains.
TOC methods involve bulk purchases, smuggling, fake documentation, and online marketplaces. The consequences impact businesses through reputational damage and market distortion, governments battling financing of illegal activities, and consumers facing trust issues about product authenticity.