The paper shows how excessive reporting, called “crying wolf”, can dilute the information value of reports. Excessive reporting is investigated by undertaking the first formal analysis of money laundering enforcement. Banks monitor transactions and report suspicious activity to government agencies, which use these reports to identify investigation targets. Banks face fines should they fail to r...

The forms of threat to a country's economic system are very diverse. In modern times, perfidious systems activity organized crime groups coming light, especially in the field crime. One such criminal is certainly money laundering, which increasingly becoming serious international problem. Money laundering basically legalization capital acquired through activity. As activity, it directly negativ...

The legitimate aim of confiscation property obtained by crime can be defined as the removal from lawful civil circulation to prevent its further and commission criminal offences reduce financial incentive commit offences. author’s research into case law new trends has led conclusion that qualification criminally acquired requires time understanding application relevant rules in practice. study ...

1 See, e.g., ‘‘Anti-Money Laundering Programs for Insurance Companies,’’ 31 CFR 1025.210(b)(1). 2 The BSA is codified at 12 U.S.C. 1829b, 12 U.S.C. 1951–1959, 18 U.S.C. 1956, 1957, and 1960, and 31 U.S.C. 5311–5314 and 5316–5332 and notes thereto, with implementing regulations at 31 CFR Chapter X. See 31 CFR 1010.100(e). 3 31 U.S.C. 5311. 4 Treasury Order 180–01 (Sept. 26, 2002). 5 31 U.S.C. 53...

Purpose: Money laundering can affect global macroeconomic projections, currency markets, and financial stability by fueling shadow economies. Thus, the efficiency of Anti-Money Laundering (AML) procedure must be investigated. Understanding such elements may help prevent money laundering. This necessitates studies to raise awareness emphasize its importance. study sought assess customer understa...

Criminal analysis is a very complex task requiring to process huge amounts of data coming from different sources such as billings and bank account transactions in order to gain knowledge useful for an investigator. In order to support human analytic capabilities, dedicated software tools are needed, and therefore Money Laundering Detection System (MLDS) was proposed as one of such tools in our ...

We propose a tracing scheme of e-cash which has not only fair tracing ability but also lower computational complexity for comparisons. Many other protocols allow optimistic fair tracing which means that illegal tracing can be found after tracing and depositing in bank. But in this scheme, illegal tracing done by bank alone is impossible. We propose a marking mechanism based on a variant of an O...

Money laundering is a crime that makes it possible to finance other crimes, for this reason, it is important for criminal organizations and their combat is prioritized by nations around the world. The anti-money laundering process has not evolved as expected because it has prioritized only the signaling of suspicious transactions. The constant increasing in the volume of transactions has overlo...

One important requirement of electronic cash systems is the anonymity of customers. Unconditional anonymity is also very well suited to support criminals in blackmailing. Maitland and Boyd proposed at ICICS 2001 an offline electronic cash system based on a group signature scheme. Their scheme cannot be used to solve blackmailing and other anonymity problems such as money laundering and illegal ...