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Author: Daljit Gill-White
Publisher:
ISBN:
Category : Commercial crimes
Languages : en
Pages : 124
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Book Description
With the progression of technology and lack of regulation comes more ways to conceal monies derived from narcotic trafficking. The formation of cyber banking, Internet banking, Money Service Businesses (MSBs) and pre-paid access cards has provided drug traffickers with new ways to launder their proceeds from ill gotten gains. With the evolution and enhancement of such technology brings complexities in tracking money launders and their illegal proceeds. As the Internet becomes more of a standard way of shopping, banking and communicating; it makes hiding money easier and concealing the identity of these drug dealers difficult to discover. This study was intended to show that there are untraditional methods used to launder drug proceeds. Drug dealers are moving away from using traditional methods to launder money because of reporting requirements enforced by the Bank Secrecy Act for traditional depository institutions. Drug dealers are looking for ways to conceal their illegal proceeds by using methods that evade reporting and create anonymity. The research was important because it exposed that new technology is enabling drug dealers to launder money without being detected. Untraditional methods need better detection and reporting requirements. Regulation is needed to effectively combat money laundering through these untraditional methods. It is not only a domestic issue but a global one and all international forces need to come together and fight money laundering on a global level.
Author: Daljit Gill-White
Publisher:
ISBN:
Category : Commercial crimes
Languages : en
Pages : 124
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Book Description
With the progression of technology and lack of regulation comes more ways to conceal monies derived from narcotic trafficking. The formation of cyber banking, Internet banking, Money Service Businesses (MSBs) and pre-paid access cards has provided drug traffickers with new ways to launder their proceeds from ill gotten gains. With the evolution and enhancement of such technology brings complexities in tracking money launders and their illegal proceeds. As the Internet becomes more of a standard way of shopping, banking and communicating; it makes hiding money easier and concealing the identity of these drug dealers difficult to discover. This study was intended to show that there are untraditional methods used to launder drug proceeds. Drug dealers are moving away from using traditional methods to launder money because of reporting requirements enforced by the Bank Secrecy Act for traditional depository institutions. Drug dealers are looking for ways to conceal their illegal proceeds by using methods that evade reporting and create anonymity. The research was important because it exposed that new technology is enabling drug dealers to launder money without being detected. Untraditional methods need better detection and reporting requirements. Regulation is needed to effectively combat money laundering through these untraditional methods. It is not only a domestic issue but a global one and all international forces need to come together and fight money laundering on a global level.
Author: Fabian Teichmann
Publisher: Kluwer Law International B.V.
ISBN: 9403537434
Category : Law
Languages : en
Pages : 253
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Book Description
How exactly is money laundered? The answer to this question is not well understood – and for this very reason, costly prevention measures remain ineffective. This much-needed book provides the first in-depth explanation of the methods used by intelligent criminals to amass wealth from large-scale trafficking in drugs, arms, and human beings, as well as from less odious crimes. The author shows clearly not only why existing approaches to combat money laundering are bound to fail but also how money launderers easily circumvent such measures. Based on qualitative interviews with both alleged criminals and prevention experts, detailed illustrations of concrete steps taken by intelligent and specialized perpetrators of money laundering allow practitioners to anticipate and effectively combat this type of crime. The author fully documents such aspects of money launderers’ behaviour as the following: resources required; dealing with detection risks; and international mobility. A central chapter covers in depth the various markets, institutions, and facilities that are particularly favourable to money laundering, and original insights accompany the presented findings with relevant quotations from the interviewees. The author offers tailored recommendations for different professional groups, including bankers, prosecutors, defence lawyers, and judges. In its critical questioning of the logic behind anti-money laundering regulations and their costly implementation, the book demonstrates that either the existing measures of prevention are drastically tightened and extended to almost all branches of the economy or the financial sector is relieved of the burden it bears and alternative ways of fighting this type of crime are sought instead. It will prove enormously valuable to understanding and investigating white-collar and financial crime, and be welcomed by practitioners and professionals in financial markets, banking, criminal lawyers, and compliance experts, as well as academia.
Author: Fausto Martin De Sanctis
Publisher: Springer Science & Business Media
ISBN: 3319001736
Category : Social Science
Languages : en
Pages : 225
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Book Description
The art world has been discovered by criminals as an effective way for money laundering and other clandestine activities on an international level. Unfortunately, in most countries investigators, prosecutors, judges, and regulatory agencies are not equipped to accurately detect, investigate and prosecute this type of criminal activity. Also, regulation and international laws and treaties involving the art world have many loopholes that can potentially lead to the laundering of large sums of money. This book provides a bird’s eye view of novel ways in which money laundering happens through illegal activities involving art. It can serve as a guide for law enforcement, prosecutors, judges, and others involved in efforts to curb money laundering and financing of terrorism, revealing why somehow new techniques used by criminals have been neglected by law enforcement in most countries. Drawing from his own experience with the matter in both Brazil and in the United States, the author makes a case for broader institutional and regulatory improvement, extending beyond mere regulation of the art market.
Author: M. Shillito
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Ola M. Tucker
Publisher: Georgetown University Press
ISBN: 1647122473
Category : Money laundering
Languages : en
Pages : 257
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Book Description
In The Flow of Illicit Funds, Ola M. Tucker uses recent case studies to provide compliance professionals with a holistic understanding of the modern money laundering system and to give them a foundation to better detect and deter it.
Author: Josh Luberisse
Publisher: Fortis Novum Mundum
ISBN:
Category : History
Languages : en
Pages : 255
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Book Description
"A Boydian Approach to Mastering Unconventional Warfare" is a seminal work that delves deeply into the strategic principles of John Boyd, a legendary military strategist, and applies them to the complex realm of unconventional warfare. This book presents a comprehensive analysis of Boyd's key concepts, most notably the OODA Loop (Observe, Orient, Decide, Act), and explores their application in the context of irregular and asymmetric conflicts that dominate the modern geopolitical landscape. The author meticulously explores how Boyd's principles of adaptability, speed, and fluidity in decision-making can be applied to unconventional warfare tactics such as guerrilla warfare, insurgency, counterinsurgency, and cyber warfare. The book emphasizes the importance of understanding the psychological and moral dimensions of warfare, in addition to the physical aspect, a concept Boyd championed and which remains highly relevant in today’s conflict scenarios. Through a blend of historical analysis, case studies, and contemporary examples, "A Boydian Approach to Mastering Unconventional Warfare" offers insightful strategies for dealing with non-traditional threats in a rapidly evolving global context. It addresses the challenges of combating non-state actors, the use of technology in irregular warfare, and the need for innovative and adaptive strategies in response to the unpredictable nature of modern conflicts. This book is not only a tribute to Boyd's groundbreaking work but also an essential guide for military strategists, policymakers, and security professionals who are grappling with the complexities of contemporary warfare. It provides a nuanced understanding of how unconventional warfare strategies can be developed and executed effectively, making it a crucial addition to the field of military strategy and national security studies.
Author: Peter Reuter
Publisher: Peterson Institute
ISBN: 9780881325294
Category : Money laundering
Languages : en
Pages : 248
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Book Description
Originally developed to reduce drug trafficking, efforts to combat money foundering have broadened over the years to address other crimes and, most recently, terrorism. In this study, [the authors] look at the scale and characteristics of money laundering, describe and assess the current anti-money laundering regime, and make proposals for its improvement.-Back cover.
Author: Razaq Adekunle
Publisher:
ISBN:
Category :
Languages : en
Pages : 128
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Book Description
Since the beginning of time, there have been bad guys! They have profited through illegal means. The bad guys figured out a way to make the "dirty money" look clean. What is money laundering? It's making money made through illegal means look legitimate. In this book, you will find all the legal implications of money laundering in business. Who is liable for money laundering? How accountants can play their role in eliminating the chances of money laundering? This book's explanation includes: The Criminals and the Process of Money Laundering - Hundreds of individuals are prosecuted for money laundering in the United States each year. Globally, not all banks are required to report suspicious activity, but some are. Transferring large amounts of money becomes easier as the measures required to track them become more difficult. Commercial Transactions - Money Laundering - It shows that concerted international pressure on countries that cannot control financial abuses could have an impact, as an encouraging growth on the global financial scene. White-Collar Crime and Punishment - The crime of a person of respectability and high level of social standing when he is working" is the concept of Sutherland as a white-collar crime. Cryptocurrency Money Laundering Risks and How to Avoid Them - Using crypto transaction funds has its advantages and its deficiencies, and criminals profit from the scheme and illegally use it because of those deficiencies. Fortunately, these deficiencies were more and more identified and addressed by the regulators. Common Business Crimes - The power to regulate trade with foreign peoples and among the various countries and the Indian Tribes has been entrusted to Congress. Our ancestors wanted to facilitate trade between the States by allowing Congress to adopt uniformly applicable rules. This book reminds new internet users of the possibility of their being victimized by business criminals if they are not aware of the existence of crimes. It recommends people who are new to the Internet to be aware of Money Laundering. GET YOUR COPY NOW
Author: John A. Cassara
Publisher: John Wiley & Sons
ISBN: 1119078954
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
Uncover the financial fraud that funds terrorist organizations Trade-Based Money Laundering is an authoritative examination of this burgeoning phenomenon, now coming under scrutiny in the War on Terror. This book walks you through the signs and patterns of trade-based money laundering (TBML) to help you recognize it when it occurs, and shows you how data and analytics can be used to detect it. You'll learn the common value transfer techniques including invoice fraud, over-and-under invoicing, and misrepresentation, and learn why analytic detection systems have yet to be implemented despite the existence of copious data. Case studies from around the world highlight the real-life implications of the concepts and processes presented in the text, giving you a first-hand view of the mechanisms at work inside this expanding illegal market. Trade-based money laundering uses trade to convert large quantities of illicit cash into less conspicuous assets or commodities to evade financial transparency laws and regulations. As an ideal funding mechanism for terrorist groups, the practice is getting more attention even as it increases in scale and spread. This book takes you deep inside TBML to better arm you against its occurrence. Learn the typical value transfer techniques of TBML Examine case studies detailing international examples Discover why institutions have failed to implement detection systems Explore ways in which analytics can identify TBML According to the U.S. State Department, TBML has reached staggering proportions in recent years, and is considered by many to be the next frontier of international money laundering enforcement. Trade-Based Money Laundering gives you a battle plan, with expert insight and real-world guidance.
Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 322
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Book Description
