
Contents
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I. Defining Money Laundering in Law and Practice I. Defining Money Laundering in Law and Practice
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II. Money Laundering Methods and Markets II. Money Laundering Methods and Markets
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A. How Much Money Laundering is There? A. How Much Money Laundering is There?
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B. Drugs and Money Laundering in Europe B. Drugs and Money Laundering in Europe
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1. Export of Crime Money 1. Export of Crime Money
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2. Disguise of Ownership 2. Disguise of Ownership
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3. False Justification 3. False Justification
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4. The Untraceability of Crime Profits 4. The Untraceability of Crime Profits
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C. Worldwide Laundering? C. Worldwide Laundering?
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III. Corruption and Money Laundering III. Corruption and Money Laundering
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IV. Anti-Money Laundering Measures and Their Effectiveness IV. Anti-Money Laundering Measures and Their Effectiveness
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A. Effectiveness A. Effectiveness
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B. Improving Performance B. Improving Performance
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V. Concluding Remarks V. Concluding Remarks
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Notes Notes
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References References
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14 Money Laundering
Get accessMichael Levi, PhD, is Professor of Criminology at Cardiff University.
Peter Reuter is Professor in the School of Public Policy and the Department of Criminology at the University of Maryland, as well as a Senior Economist at the RAND Corporation. His research interests are primarily in drug policy and money laundering control.
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Published:18 September 2012
Cite
Abstract
Money laundering is a very modern crime created by the late twentieth-century state to enlist the financial sector in its search of the proceeds of crime and prevention of career criminality, particularly transnational crime. This article presents examples that illustrate the variety of methods available and kind of persons involved, along with some classifications. It discusses the relationship of money laundering to corruption control and analyzes the effects of anti-money laundering controls. It provides a brief assessment of the consequences of the control system. A broad and intrusive set of controls has been erected to prevent money laundering. The system generates substantial crime or corruption control benefits which must be high on the agenda of the relevant policy-making community.
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