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