Money laundering--a global obstacle

  title={Money laundering--a global obstacle},
  author={Bonnie G. Buchanan},
  journal={Research in International Business and Finance},
  • Bonnie G. Buchanan
  • Published 1 April 2004
  • Economics
  • Research in International Business and Finance

Money Laundering and Legal Compliance in the U.S. Financial Services Industry: The Case of Standard Chartered Bank

Abstract In 2012, the New York Department of Financial Services threatened to revoke Standard Chartered Bank’s U.S. license for alleged money laundering violations involving Iran. The bank’s

The Impact of 9/11 on Money Laundering

This article examines money laundering and terrorist financing from both a conceptual framework as well as the regulations that attempt to combat its use. A historical perspective of money laundering

Legal Principles and Solutions to Combat Money Laundering in the International System

This study focuse on combat money laundering legal principles and solutions to in the International System. As its clear Money laundering is the attempt to disguise the proceeds of illegal activity

Money laundering control in Tanzania

Purpose This paper aims to examine how banks in Tanzania have been vulnerable to money laundering activities and how the banking institutions have been implicated in enabling or aiding the

Shedding Light on Money Laundering and on the Financial Flows of Transnational Crime: Some Empirical Facts

This paper has three goals. First, some theoretical remarks about money laundering (both the demand and supply sides) are made. Second, we provide a quantitative analysis of money laundering and a

Policing Money Laundering: A Case Study of Afghanistan

Defining and Meaning of Money LaunderingMoney laundering is a financial crime and is an old phenomenon (Buchanan, 2004). However, as a specific crime, it did not enter into legal context until 1986

Money Laundering: A Review Essay and Policy Implication

Money laundering is a global business with an international profile. Organized crime carries out this illegal activity to infiltrate in the legal economy, upsetting the balances. The relevance of

Anti-money laundering and anti-terrorism financing: a survey of the existing literature and a future research agenda

Purpose There is a significant focus today on the deficiencies of the financial system as the sector continues to boom while facing the growing pains of financial scandals, money laundering and the



Dirty Money: How the UK Securities and Derivatives Markets are Used to Launder Money

The increasing publicity of recent high‐profile money‐laundering cases has propelled this apparently victimless crime into the forefront of the public domain. However, although this has been one of

Criminal Finance, the Political EConomy of Money Laundering in A Comparative Legal Context

1. Introduction. 2. The Politics of Money Laundering. 3. The Economics of Money Laundering. 4. The Jurisprudence of Money Laundering. 5. European Law. 6. American Law. 7. Soft Law and Offshore

How Big is Global Money Laundering

Known incidents of money laundering involving large amounts of money generated from crime are of tremendous public interest and are consequently given wide publicity. A wide range of national and

The Five Wars of Globalization

The illegal trade in drugs, arms, intellectual property, people, and money is booming. Like the war on terrorism, the fight to control these illicit markets pits governments against agile, stateless,

Shadow Economies: Size, Causes, and Consequences

Using various methods, the size of the shadow economy in 76 developing, transition, and OECD countries is estimated. Average size varies from 12 percent of GDP for OECD countries, to 23 percent for

Money Laundering and the International Financial System

  • V. Tanzi
  • Economics
    SSRN Electronic Journal
  • 1996

Macroeconomic implications of money laundering

This paper reviews the main analytical, empirical, and policy issues related to the macroeconomic implications of money laundering. The paper discusses, first, how money laundering can be measured,