Electronic Transfer of Funds: Smart Cards, Internet Banking and Wireless Communications

Abstract

Crimes are committed for personal reasons or for profit. In any crime for a profit scenario the state has an interest in removing the profit from the criminal. Drug offences, other than simple possession, are the paradigm. People use drugs for a variety of reasons but, at least in the illicit drug trade, individuals sell drugs in order to make money. Traditionally, this was a cash‐based enterprise and, frequently, a misplaced investigative opportunity. A state can attack the criminal profit in order to attack the enterprise. When an illicit criminal activity is undertaken for cash prosecutors and investigators must look at this as an opportunity.

Citation

Murphy, D.P. (1998), "Electronic Transfer of Funds: Smart Cards, Internet Banking and Wireless Communications", Journal of Financial Crime, Vol. 6 No. 1, pp. 26-35. https://doi.org/10.1108/eb025858