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Should gambling be a predicate for money laundering?

Abdullahi Y. Shehu (Visiting Fellow, Centre for Criminology, University of Hong Kong)

Journal of Money Laundering Control

ISSN: 1368-5201

Article publication date: 1 July 2004

Abstract

Defines predicate‐based offences as derivative offences, ie offences like money laundering that depend on the existence of others. Examines gambling as a rational choice social activity, estimates the scale of the industry with regard to its revenues and social costs, and considers whether it is predicate for money laundering. Argues that gambling can create wealth, but this wealth is not necessarily illegal, as gambling is not always illegal; gambling is an endeavour like banking, and since the latter is not a predicate for money laundering but an intermediary, so is gambling.

Keywords

Citation

Shehu, A.Y. (2004), "Should gambling be a predicate for money laundering?", Journal of Money Laundering Control, Vol. 7 No. 3, pp. 254-260. https://doi.org/10.1108/13685200410809940

Publisher

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited