With the expanding of database of the watch list of anti-money laundering, improving the speed in matching between the watch list and the database of account holders and clients’ transaction is especially important. This paper proposes an improved AC-BM Algorithm, a matching algorithm of subsection, to improve the speed of matching. Experiment results show the time performance of the improved a...

This Note argues that key escrow represents a solution to the problem of digital money laundering. In addition, this Note argues that the European Commission has wrongly concluded that key escrow should develop as a product of market forces rather than aggressive legislation, and should align its policy with the United States, France, and Great Britain to develop a joint network of key escrow a...

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— The stock of wealth held offshore is estimated at US$6 trillion. Many small island economies (SIEs) host offshore finance centers, and some SIEs are highly dependent upon offshore finance. Extreme examples have over 90% of government revenues derived from finance sector activities. Since 1998 a series of international initiatives have been launched to combat harmful tax practices, money laund...

Combating money laundering is not an easy job since it world phenomena and world’s societies are supposed to cope with it. The Financial Action Task Force other anti-money initiatives have been devised in order tackle the menace of laundering. Pakistan, being victim laundering, has also many prevention strategies control These include Anti Laundering Ordinance 2007, Money Act 2010, Regulations ...

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Indicators of compliance and efficiency in combatting money laundering, collected by EUROSTAT, are plagued with shortcomings. In this paper, I have carried out a forensic analysis on a 2003-2010 dataset of indicators of compliance and efficiency in combatting money laundering, that European Union member states self-reported to EUROSTAT, and on the basis of which, their efforts were evaluated. I...