(Editor's note: This month Michael McDonald, a member of our Editorial Board and a top world expert on money laundering, submits the first of a two-part series on how government money laundering investigators should be trained. Now retired after a long career with the U.S. Internal Revenue Service, McDonald operates Michael McDonald & Associates, in Miami, which provides consulting to all types of financial institutions and government agencies on AML operations.) When I was a group manager with IRS Criminal Investigation Division, I ran a full group, directed undercover operations and handled the extensive administrative detail that goes with the...
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