Misuse of securities and futures market by money launderers – a general overview

Louisa Lai

Journal of Money Laundering Control, 2010, vol. 13, issue 1, 66-69

Abstract: Purpose - The purpose of this paper is to discuss the vulnerability of the stock market in Hong Kong being used by money launderers to launder proceeds of crime. Design/methodology/approach - This paper considers case studies, legal authorities and other research material to demonstrate the veracity of the proposition. Findings - No similar prosecution due to difficulties in collating evidence, but the risk of the stock market being used as a medium for money laundering is real. Originality/value - There has been little discussion on this topic before. This paper may generate the interests of prosecutors and investigators in other jurisdictions to share their experience in handling this threat.

Keywords: Money laundering; Stock markets; Securities; Futures markets; Hong Kong (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jmlcpp:13685201011010227

DOI: 10.1108/13685201011010227

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