Internet Abuse in Money Laundering

Milos Milosevic

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2013, vol. 59, issue 01

Abstract: Money launderers constantly find new ways to launder money and become more efficient at it. Due to the occurrence of rapid information and communication technologies, which are incurred as a technical support to the new trends of international trade on global markets, money launderers use the same approach for the execution of the mentioned offense. Classical techniques are bypassed and replaced by more modern and much faster methods of laundering, used by launderers with the help of experts from the information technology field. It is difficult for the government agencies to identify, locate and track these modern sophisticated money laundering techniques and there is a clear need and demand for increased cooperation between institutions involved in combating money laundering and IT professionals, as experts in the information technology.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ags:sereko:288657

DOI: 10.22004/ag.econ.288657

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