Search results

The purpose of this paper is to provide an understanding of the openness and specific techniques through which illicit funds generated by criminals are moved, transferred and laundered in the financial arrangement retained using high-value portable commodities in the UK and internationally.

This paper presents exploratory findings from research conducted between 2011 and 2013 in the UK. The research undertaken sought to identify the process, steps and vulnerabilities behind money laundering via high-value portable commodities and highlight the explicit facilitators enabling this method of money laundering to take place.

Despite significant research into money laundering typologies, the use of high-value portable commodities has remained largely untouched regardless of the increased implementation of anti-money laundering policies and procedures seeking to halt the depositing of illicit cash into the global financial system. This paper demonstrates how high-value portable commodities are extremely vulnerable to money laundering despite the large-scale anti-money laundering efforts focused on combating money laundering across a broad range of sectors.

This paper is of value to government policymakers, regulators and financial institutions considering future preventative measures. It is also of value to financial investigators and law enforcement agencies intent on investigating money laundering. While the paper relies on data from the UK, the overall findings are such that wherever high-value portable commodities are present, so too does the opportunity for money laundering through the financial arrangement retained by high-value portable commodities.

This paper presents new research on the direct link between high-value portable commodities and money laundering in the UK despite significant research having previously taken place to identify and develop money laundering typologies.

This paper aims to discuss the findings of a UK-based research study that sought to explore the applicability of situational crime prevention towards money laundering undertaken through the purchasing of high-value portable commodities.

This paper presents exploratory findings from research conducted between 2011 and 2013 in the UK. The research sought to identify the process, steps and vulnerabilities behind money laundering through the purchasing of high-value portable commodities and whether the introduction of situational crime prevention techniques could reduce vulnerabilities in the existing environment.

Despite significant research into money laundering typologies, the use of high-value portable commodities has remained largely untouched, regardless of the increased implementation of anti-money laundering policies and procedures. This paper demonstrates how the purchasing of high-value portable commodities is extremely vulnerable to money laundering – while identifying how the successful application of situational crime prevention is possible – but inherently it depends on various characteristics directly and indirectly facilitating each stage of the money laundering process.

This paper is of value to government policymakers, regulators and financial institutions considering future preventative measures. It is also of value to financial investigators and law enforcement agencies intent on investigating money laundering. While the paper relies on data from the UK, the overall findings are such that wherever cash-intensive businesses exist, so too does the opportunity for money laundering through the financial arrangement retained by such businesses.

This paper presents new research on the direct link existing between high-value portable commodities and money laundering in the UK and the viability of techniques for situational crime prevention despite significant research having previously taken place to identify and develop money laundering typologies.

This paper aims to demonstrate the benefit of applying crime script analysis at a macro level to expose money laundering as an interconnected series of events that contradict understanding which defines money laundering as a series of typological studies.

Using previously captured data and detailed research studies alongside the professional experience of the author, this study creates a horizontal crime script for three distinct methods of money laundering – to determine characteristic nodes and identify pathways.

Despite significant research into money laundering typologies, this paper demonstrates that the process of money laundering cannot be separated into typological studies. By applying crime script analysis to each method of money laundering prior to analysing the nodes, activities and behaviours, money laundering can be identified as a series of interconnected services, business formalities and management activities.

This study is of value to government policymakers, regulators and financial institutions considering future preventative measures. It is also of value to financial investigators and law enforcement agencies intent on investigating money laundering. By applying the method of analysis outlined in this paper to each method of money laundering and then combining them together, it is possible to understand money laundering as a holistic process, in which webs of interconnected criminal events can be identified for investigative and preventative purposes.

Interest in crime script analysis is now supporting understanding of different crime types. This study goes beyond the analysis of individual types of money laundering and applies it in a “test format” against three methods of money laundering to create, for the first time, a holistic or macro appreciation of the interconnected series of events, activities and behaviours which exist beyond the characteristics routinely captured in money laundering typology reports.

The purpose of this study is to review the literature on money laundering and its related areas. The main objective is to identify any gaps in the literature and direct attention towards addressing them.

A systematic review of the money laundering literature was conducted with an emphasis on the Pro-Quest, Scopus and Science-Direct databases. Broad research themes were identified after investigating the literature. The theme about the detection of money laundering was then further investigated. The major approaches of such detection are identified, as well as research gaps that could be addressed in future studies.

The literature on money laundering can be classified into the following six broad areas: anti-money laundering framework and its effectiveness, the effect of money laundering on other fields and the economy, the role of actors and their relative importance, the magnitude of money laundering, new opportunities available for money laundering and detection of money laundering. Most studies about the detection of money laundering have focused on the use of innovative technologies, banking transactions or real estate- and trade-based money laundering. However, the literature on the detection of shell companies being explicitly used to launder funds is relatively scarce.

This paper provides insights into an area related to money laundering where research is relatively scant. Shell companies incorporated in the UK alone were identified to be associated with laundering £80bn of stolen money between 2010 and 2014. The use of these entities to launder billions of dollars as witnessed through the laundromat schemes and several data leaks clearly indicate the need to focus on illicit financial flows through such entities.

This study aims to determine the applicability of the placement-layering-integration model of money laundering (ML) in the South Asian context with emphasis on Pakistan by analysing different ML typologies.

This study applied content analysis in the first step. It explored three primary documents concerning ML typologies: Asia Pacific Group’s yearly reports on ML typologies from 2010 to 2021, the mutual evaluation reports and the National Risk Assessment of Pakistan. In the second step, expert interviews were recorded, and NVivo was used for data management and analysis.

This study found primary predicate offences: corruption, tax crimes, smuggling and drug and human trafficking. Pakistani launderers often use traditional typologies, including cash smuggling, round-tripping, multiple bank accounts, investment in real estate (in Pakistan and Dubai) and hawala. However, cybercrimes, cyber laundering and trade-based ML are rising. The politically exposed persons are involved in most of the laundering cases.

Rare studies specifically address the south Asian typologies and the limitations of the placement, layering and integration model. Therefore, there is a need to understand the current typologies used in developing, less regulated and undocumented jurisdictions like Pakistan.

The US-China trade war has brought forth the problem of balance of trade not only for them, but also for many other economies in the world. However, all the commodity segments are not equally affected and thus, the segment-wise trade analysis of commodities can bring up many valuable insights, vital for policy formulation process. Despite this, existing literature barely covered this aspect as a focal research. Therefore, this chapter has carried out segment-wise analysis of commodity classes popular in international trade discussions for the United States and China since the trade dispute intensified between them. In this chapter, we have built an argument around three commodity-segments which are popular in international trade studies namely, the raw material segment, semi-finished goods segment, and finished goods segments. While doing this analysis, we majorly focused on monopolistic power of economies in different commodity segments. We found that while in the segment of raw material, mostly cost is driving the trade, in the finished goods segment, variety and innovations are the key drivers that can boost trade by discovering new consumption spaces.

The purpose of this paper is to explain to managers of small and medium enterprises (SMEs) and other professionals why they need to connect innovation and value creation in their decision-making processes when dealing with new or existing products.

Innovation and value creation are interconnected and you cannot have one without the other. However, to appreciate that interconnection, one needs to understand the form that value can take in products, the tangible form and the intangible. This understanding helps explain how culture and esteem affect product value, as well as how innovation happens in the technological field and in the cultural field.

Value and innovation are intrinsically connected and this should not be overlooked in any quest for new solutions. SMEs should pay more attention when developing innovation activities to ensure that they have the most suitable organizational structures and resources.

This paper clearly demonstrates the relationship between innovation and value creation.

This study proposes targeted modernization of the Department of Defense (DoD's) Joint Forces Ammunition Logistics information system by implementing the optimized innovative information technology open architecture design and integrating Radio Frequency Identification Device data technologies and real-time optimization and control mechanisms as the critical technology components of the solution. The innovative information technology, which pursues the focused logistics, will be deployed in 36 months at the estimated cost of $568 million in constant dollars. We estimate that the Systems, Applications, Products (SAP)-based enterprise integration solution that the Army currently pursues will cost another $1.5 billion through the year 2014; however, it is unlikely to deliver the intended technical capabilities.

The purpose of this paper is to apply a market efficiency theoretical framework to analyse and postulate solutions to the challenges confronting China in engaging smallholders in higher value, specialty, agricultural product markets. A marketing experiment/trial to test these ideas is evaluated.

The case of fine‐wool marketing is used to illustrate issues associated with specialty product marketing. The market efficiency approach highlights the difficulties involved in relaying accurate product prices and values (exchange efficiency) while aligning the logistical requirements of higher value market segments with the small, dispersed and locationally remote smallholders (operational efficiency). The marketing experiment/trial was conducted in three fine‐wool‐growing counties in Western China in 2008.

The fine‐wool case study highlights that modernization of the marketing system is required not only so that smallholders can access the premium prices potentially available but also to improve international competitiveness.

Engaging smallholders in specialty agricultural product markets poses significant challenges for China. The market efficiency approach (exchange efficiency versus operational efficiency) provides a new perspective on these challenges and offers new insights about appropriate policy settings both at a macro‐ and micro‐level.

AIR CARGO has become the lusty infant of the freight business. Although barely one per cent by volume of the total UK exports are sent by air, this represents more than 17 per cent in terms of value. Last year less than half a million tonnes of air cargo passed through London Heathrow Airport. Small in comparison with the Port of London's 48 million tonnes, but supreme in value with about £11 billion. Air cargo now has priority in developed countries for all high‐value exports travelling any reasonable distance. The top of the list are USA, Japan and U.K. and air cargo has given Heathrow the title of Britain's biggest port by trade and the sixth largest in the world for air cargo.