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 ...

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 ...

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 ...

This article summarises briefly what is known internationally about how ‘organised crimes’ are financed and how this differs from the financing of licit businesses. It shows how illicit financing might and does operate, noting that a key issue is the social capital of offenders and their access to illicit finance which ironically, may be easier if controls make it harder to launder money. It th...

Bitcoin exchanges operate between digital and fiat currency networks, thus providing an opportunity to connect real-world identities to pseudonymous addresses, an important task for anti-money laundering efforts. We seek to characterize, understand, and identify patterns centered around exchanges in the context of a directed hypergraph model for Bitcoin transactions. We introduce the idea of mo...

Proceeds from illicit activities percolate into the legal economy through several channels. We exploit international regulations targeting money laundering via financial sector to identify flows of “dirty money” legitimate establishments: business-based (BBML). Our variant monopolistic competition model embeds a drug cartel that channels proceeds an offshore investment and BBML. Tighter in one ...

Money laundering refers to the conversion or "laundering" of money which is illegally obtained, so as make it appear originate from a legitimate source. being employed by launderer’s worldwide conceal criminal activity associated with such drugs/arms trafficking, terrorism, extortion and reason for various other heinous crimes. But in simple term, black into white money. The research inevitably...