Money laundering evolves using multiple layers of trade, multi trading methods and uses multiple components in order to evade detection and prevention techniques. Consequently, detecting money laundering requires an analytical framework that can handle large amounts of unstructured, semistructured and transactional data that stream at transactional speeds to detect business-complexities, and di...

This paper investigates whether tax havens have an incentive to maintain low regulatory standards in order to attract black money activities. Using a new dataset on money laundering regulation, the results of this study show that tax haven and money laundering services coincide within the same country. This effect is especially observable for regulative instruments which increase the probabilit...

Over the past decade or so, aided by information and communication technologies, money laundering has seen a sharp increase. While traditionally money laundering was associated with drug cartels and warlords, increasingly the focus has shifted towards white-collar crime and terrorist financing. It is therefore important to understand why money laundering (and hence white-collar crime) comes int...

money laundering is a serious threat to financial system of all countries and it leads to destruction of the country's sovereignty and character. this has been widely recognized at the international level. money laundering as a crime only attracted interest in the 1980s, essentially within a drug trafficking context.

Money laundering is a major global problem, enabling criminal organisations to hide their ill-gotten gains and to finance further operations. Prevention of money laundering is seen as a high priority by many governments, however detection of money laundering without prior knowledge of predicate crimes remains a significant challenge. Previous detection systems have tended to focus on individual...

There is an increasing tendency in the money laundering sector to utilize electronic commerce and web services. Misuse of web services and electronic money transfers occurs at many points in complex trading schemes. We provide ontological components that can be combined to construct some of these money laundering schemes. These constructs can be helpful for investigators, in order to decompose ...

group were representatives from the FBI, Interpol, the Financial Action Task Force, and a host of other international and national financial regulators and investigators. 9/11 represented a massive failure of international controls, and clearly only radical change would prevent something similar from happening in the future. What troubled the committee and international agencies was that the wh...