Money Laundering

Abstract

Money laundering is defined as the process by which illicit money is made to appear licit. It is an essential element of any cash generating criminal venture. The manner in which money is laundered is limited only by the breadth of the imagination of the launderer. The focus of this paper will be to provide an overview of the issues surrounding money‐laundering enforcement; outline new schemes in use to launder illicit proceeds; detail the elements of an effective anti money‐laundering compliance programme and list the geographic hot spots where money‐laundering risks are the most extreme.

Citation

Zeldin, M. (1998), "Money Laundering", Journal of Money Laundering Control, Vol. 1 No. 4, pp. 295-302. https://doi.org/10.1108/eb027152