Securitisation, Money Laundering and Fraud
Abstract
Securitisation is the process of raising finance by the issuing of bonds or commercial paper. In many cases the originator of the arrangement will, in return, be selling a package of existing loan assets in the form of debt instruments. The first of these arrangements is known as ‘primary securitisation’, the second as ‘secondary securitisation’. There is no generally accepted legal definition, though Feency provides a useful one:
Citation
Haynes, A. (1997), "Securitisation, Money Laundering and Fraud", Journal of Money Laundering Control, Vol. 1 No. 2, pp. 148-153. https://doi.org/10.1108/eb027131
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:MCB UP Ltd
Copyright © 1997, MCB UP Limited
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