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Casinos and Banking - Organized Crime in the Bahamas

NCJ Number
103847
Journal
Deviant Behavior Volume: 7 Issue: 4 Dated: (1986) Pages: 301-312
Author(s)
A A Block; F R Scarpitti
Date Published
1986
Length
12 pages
Annotation
This paper traces the development of complex symbiotic relationships among gambling casinos, offshore banks, and professional criminals and shows how American organized crime interests penetrated the Bahamas by using gambling and banking to gain a firm foothold.
Abstract
In numerous contemporary cases, professional criminals from the United States and elsewhere are known to utilize both casinos and financial institutions to launder money and to hide large amounts of illicitly acquired money. Long before recent revelations of such activities became known in the Caribbean and the United States, developers in the Bahamas had started the process of bringing casinos and banks together to serve underworld interests. Over 20 references. (Publisher abstract modified)

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