Education is Key: The Modern Cops Guide to Informal Value Transfer Systems and Crime
By:
Rande W. Matteson, CFE, Ph.D.
Saint Leo University, Saint Leo, FL
Author
Rande W. Matteson, CFE, Ph.D.
Dr. Matteson is the Chair of the Department of Criminal Justice at Saint Leo University. He is a retired 32-year career law enforcement officer having served in progressively responsible leadership and field positions in local, state and federal agencies. He earned his Doctorate in Corporate Leadership and is a certified fraud examiner, hostage negotiator and in international marine maritime security.
During his career, he was assigned to Domestic, Foreign Attaché and Headquarters Offices as a Supervisory Special Agent, as a field Special Agent, a Pilot, as a Program Special Operations Manager, an Educator and as a Multi-Agency Task Force Manager.
Dr. Matteson began his career serving as a uniformed police officer and was later promoted into various positions including the Criminal Investigation Division. His breadth of experience includes street crime to complex international and corporate crime.
During his career, Dr. Matteson has been qualified in federal and state courts as an expert witness and recognized for his investigative contributions in numerous high profile investigations including public corruption, corrupt trade schemes and global money laundering.
Dr. Matteson served as a new basic agent-training counselor and was permanently assigned to the FBI-DEA Academy serving as a Senior Instructor and Course Developer and Manager in the Leadership-Field Management Training Unit responsible for leadership training of all DEA and outside partner agency managers.
His background includes complex multinational overt and covert investigative operations inclusive of violations of federal and state statutes. He was selected as the agency representative and served for an extended assignment at the Counter-Terrorism Operations Center coordinating proactive terrorism operations at the U.S. Winter Olympics in Salt Lake City, Utah.
Abstract
Informal value transfer systems represent a series of creative money laundering schemes. These systems are found in most every community in the United States. International criminals, terrorist groups to drug traffickers use these systems to transfer sums of valuable consideration globally. In the basic scheme, a single person or an organized group that chooses to operate outside the modern banking systems sets up networks either for legitimate or illegitimate business enterprises to take advantage of the electronic ease of our global financial systems to move money or other commodities of value without detection. These end us networks provide for the financial means to carry about the material support to a variety of criminal activities.
