Money laundering: emerging threats and trends

Jeffrey Simser

Journal of Money Laundering Control, 2013, vol. 16, issue 1, 41-54

Abstract: Purpose - The purpose of this paper is to explore typologies as well as emerging trends and threats in money laundering. Design/methodology/approach - Recent trends and emerging threats in money laundering are discussed, both in terms of predicate activities (drugs, fraud) and in terms of techniques/typologies. Findings - It is found that the challenges and risks posed by money laundering to financial systems and to the rule of law persist. Research limitations/implications - Understanding evolving and emerging typologies and techniques is necessary to address money laundering challenges. Practical implications - Considerable resources are applied by regulators and the regulated to anti‐money laundering systems; this paper provides a measure by which the robustness of those systems can be examined. Originality/value - This paper provides a succinct but comprehensive overview of the current state of money laundering, as well as a look at emerging threats.

Keywords: Money laundering; Fraud; Corruption; Financial institutions; Anti‐money laundering; Financial intelligence units; Organized crime; Asset forfeiture; Drugs; Narcotics (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jmlcpp:13685201311286841

DOI: 10.1108/13685201311286841

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