Trade Based Money Laundering

Author : John A. Cassara
Publisher : John Wiley & Sons
Page : 260 pages
File Size : 53,7 Mb
Release : 2015-11-09
Category : Business & Economics
ISBN : 9781119078951

Get Book

Trade-Based Money Laundering by John A. Cassara Pdf

Uncover the financial fraud that funds terrorist organizations Trade-Based Money Laundering is an authoritative examination of this burgeoning phenomenon, now coming under scrutiny in the War on Terror. This book walks you through the signs and patterns of trade-based money laundering (TBML) to help you recognize it when it occurs, and shows you how data and analytics can be used to detect it. You'll learn the common value transfer techniques including invoice fraud, over-and-under invoicing, and misrepresentation, and learn why analytic detection systems have yet to be implemented despite the existence of copious data. Case studies from around the world highlight the real-life implications of the concepts and processes presented in the text, giving you a first-hand view of the mechanisms at work inside this expanding illegal market. Trade-based money laundering uses trade to convert large quantities of illicit cash into less conspicuous assets or commodities to evade financial transparency laws and regulations. As an ideal funding mechanism for terrorist groups, the practice is getting more attention even as it increases in scale and spread. This book takes you deep inside TBML to better arm you against its occurrence. Learn the typical value transfer techniques of TBML Examine case studies detailing international examples Discover why institutions have failed to implement detection systems Explore ways in which analytics can identify TBML According to the U.S. State Department, TBML has reached staggering proportions in recent years, and is considered by many to be the next frontier of international money laundering enforcement. Trade-Based Money Laundering gives you a battle plan, with expert insight and real-world guidance.

Author : Ashleigh Young
Publisher : Nova Science Publishers
Page : 0 pages
File Size : 51,6 Mb
Release : 2017
Category : Commercial crimes
ISBN : 1536105430

Get Book

Trade-based Money Laundering by Ashleigh Young Pdf

Trade-based money laundering (TBML) involves the exploitation of the international trade system for the purpose of transferring value and obscuring the true origins of illicit wealth. TBML schemes vary in complexity but typically involve misrepresentation of the price, quantity, or quality of imports or exports. Financial institutions may wittingly or unwittingly be implicated in TBML schemes when such institutions are used to settle, facilitate, or finance international trade transactions (e.g., through the processing of wire transfers, provision of trade finance, and issuance of letters of credit and guarantees). TBML activity is considered to be growing in both volume and global reach. Although TBML is widely recognised as one of the most common manifestations of international money laundering, TBML appears to be less understood among academics and policymakers than traditional forms of money laundering through the international banking system and bulk cash smuggling. This book discusses the scope of the TBML problem and analyses selected U.S. government policy responses to address TBML. It includes a listing of hearings in the 114th Congress that addressed TBML.

Author : Dr Nana Kojo Odi
Publisher : AuthorHouse
Page : 109 pages
File Size : 52,6 Mb
Release : 2024-02-22
Category : Business & Economics
ISBN : 9798823022071

Get Book

Contemporary Trends in Trade-Based Money Laundering by Dr Nana Kojo Odi Pdf

Contemporary Trends in Global Trade-Based Money Laundering is a consolidated enlightenment of the advanced world of illicit financial activities, with a particular focus on the insidious phenomenon of trade-based money laundering (TBML). This book delves into complex mechanisms employed by perpetrators to exploit legitimate international trade transactions for the purpose of disguising the illicit origins of funds.

Author : Thomas J. Biersteker,Sue E. Eckert
Publisher : Routledge
Page : 349 pages
File Size : 53,8 Mb
Release : 2007-09-12
Category : Political Science
ISBN : 9781134155361

Get Book

Countering the Financing of Terrorism by Thomas J. Biersteker,Sue E. Eckert Pdf

Groups committing acts of terrorism have adapted their means of financing to elude detection since the 9/11 attacks in the United States. Surveying the global community’s multi-year effort to cut off terrorist funding, this volume offers a much-needed analysis of a complex, widely discussed, yet poorly understood subject. While books on terrorism have touched upon the topic, this is the first comprehensive, balanced, and scholarly overview of terrorist financing, its methods, and efforts to counter it. Bringing together leading analysts of terrorism, international relations, global finance, law, and criminology, Countering the Financing of Terrorism provides a critical assessment of the international effort to restrict terrorist financing. It evaluates the costs and benefits and offers recommendations for more effective policies for the future.

Author : John a Cassara
Publisher : Unknown
Page : 372 pages
File Size : 52,9 Mb
Release : 2020-05-15
Category : Electronic
ISBN : 9798645880606

Get Book

Money Laundering and Illicit Financial Flows by John a Cassara Pdf

Outside of crimes of passion, criminals, criminal organizations, kleptocrats, and some businesses and corporations are motivated by greed. In today's increasingly interconnected world, the criminal manifestations of unchecked avarice impact all of us - politically, socially, economically, and culturally. Transnational crime effects our individual and collective security. The magnitude of crime is measured in the multi-trillions of dollars annually. Laundering or hiding and disguising the proceeds of crime is essential for criminal organizations. Unfortunately, the last thirty years have demonstrated that our anti-money laundering (AML) countermeasures are not effective. Examining the "metrics that matter," we are a "decimal point away from total failure." The outlook going forward is not promising. Money Laundering and Illicit Financial Flows - Following the Money and Value Trails is the first book to take a hard look at our AML track record. Written primarily from a law enforcement perspective, the book examines old and new money laundering methodologies. It exposes threats, enablers, and facilitators. Making the case for an AML paradigm shift, the book offers alternative steps forward. Combining facts, straight-forward explanations, case studies, as well as the author's personal experiences, views and commentary, this book is valuable to the public and private sectors, policy makers, as well as students and concerned citizens. As a former Treasury Special Agent, John Cassara has investigated and studied money laundering for over 30 years. Equally at home in back streets or government bureaucracies, he has a unique perspective and offers an insider's knowledge. He delights in telling it as it is. The author of five books and countless articles on money laundering and threat finance, Cassara continues to surface important issues that deserve our attention.

Author : University of London. Institute of Advanced Legal Studies
Publisher : Unknown
Page : 444 pages
File Size : 46,6 Mb
Release : 1996
Category : Banking law
ISBN : STANFORD:36105060169534

Get Book

Money Laundering Control by University of London. Institute of Advanced Legal Studies Pdf

Author : Zhi-gang Yuan
Publisher : World Scientific
Page : 276 pages
File Size : 40,6 Mb
Release : 2016-02-22
Category : Political Science
ISBN : 9781938134784

Get Book

New Strategic Research on China (Shanghai) Pilot Free Trade Zone by Zhi-gang Yuan Pdf

' This book provides a detailed study of practices of China (Shanghai) Pilot Free Trade Zone (Shanghai FTZ henceforth). It aims to answer questions related to establishing the Shanghai FTZ and improving its practices, such as the future of world''s macro-economy, the Shanghai FTZ''s position in Chinese and world economy, government transition and international trade upgrading, as well as financial sector opening up strategies and innovations. By answering these questions, implications for possible future policy developments are provided. Though the operation of Shanghai FTZ is the main focus, this book delves deeper into the question of how China will further reform its financial system in the future. Similar to the Shenzhen Special Economic Zone, which heralded China''s economic transformation in the 1980s and 1990s, the Shanghai FTZ may well be such a pioneer project, pointing to the future economic path that China might tread. Written by the foremost Chinese economists — with some involved in the setup process of the Shanghai FTZ, this book is a must read for anyone who is interested in the prospects of the Shanghai FTZ and the future direction of the Chinese economic development. Contents:PrefaceNew Trends in Globalization and China''s Strategies (Zhigang Yuan and Yuxin Yu)Reflection on the Development Strategy of Shanghai Pilot Free Trade Zone (Dazhong Cheng and Bin Jiang)Taking Advantage of China (Shanghai) Pilot Free Trade Zone to Upgrade International Trade in China (Zhi Yan, Li Shuxing and Luo Changyuan)The Construction of Shanghai Pilot Free Trade Zone and the Transformation of Chinese Economy (Sun Lijian)The Opening Up and Innovation of Capital Marketing Shanghai Pilot Free Trade Zone (Zongxin Zhang)The Construction of Shanghai Pilot Free Trade Zone and the Interest Rate Liberalization in China (Zhou Guangyou and Luo Sumei)An Analysis of RMB Pricing Power of Commodities in China (Shanghai) Free Trade Zone (Luo Zhongzhou)A Study of the Necessity and the Plan for China (Shanghai) Pilot Free Trade Zone to Take the Lead in the Pilot of "Replacing Business Tax with Value-Added Tax" in the Financial Sector (Du Li)Establishing an Offshore Reinsurance Center in Shanghai Pilot Free Trade Zone (Dongmei Chen and Zhijian Feng)Trust and Financial Regulations: A Survey and Its Implication on Shanghai FTA (Qi Qianru)Money Laundering and Anti-Money Laundering in Free Trade Zones: International Experience and Shanghai Strategies (Yan Lixin and Tong Wenjun) Readership: Students, economists and professional financiers who are interested in the newly established China (Shanghai) Pilot Free Trade Zone, especially the impact it will bring on China''s financial liberalization. Key Features:This is the first book studying the Shanghai FTZThis book is written by China''s top economists in areas related to the Shanghai FTZ and many of them are government consultants. They have a deep understanding of the operation of Shanghai FTZ and the Chinese economyConclusions from this book will provide lessons to the development of FTZs in other Chinese cities and other countriesKeywords:China;Shanghai;Pilot Free Trade Zone;Free Trade;Liberalization;Globalization;US;Financial Crisis;Free Trade Agreement;FTA'

Author : Letizia Paoli
Publisher : Oxford Handbooks
Page : 713 pages
File Size : 47,8 Mb
Release : 2014
Category : Law
ISBN : 9780199730445

Get Book

The Oxford Handbook of Organized Crime by Letizia Paoli Pdf

This handbook explores organized crime, which it divides into two main concepts and types: the first is a set of stable organizations illegal per se or whose members systematically engage in crime, and the second is a set of serious criminal activities that are typically carried out for monetary gain.

Author : Andreas Klasen
Publisher : John Wiley & Sons
Page : 624 pages
File Size : 51,9 Mb
Release : 2020-02-03
Category : Political Science
ISBN : 9781119167389

Get Book

The Handbook of Global Trade Policy by Andreas Klasen Pdf

Provides a state-of-the-art overview of international trade policy research The Handbook of Global Trade Policy offers readers a comprehensive resource for the study of international trade policy, governance, and financing. This timely and authoritative work presents contributions from a team of prominent experts that assess the policy implications of recent academic research on the subject. Discussions of contemporary research in fields such as economics, international business, international relations, law, and global politics help readers develop an expansive, interdisciplinary knowledge of 21st century foreign trade. Accessible for students, yet relevant for practitioners and researchers, this book expertly guides readers through essential literature in the field while highlighting new connections between social science research and global policy-making. Authoritative chapters address new realities of the global trade environment, global governance and international institutions, multilateral trade agreements, regional trade in developing countries, value chains in the Pacific Rim, and more. Designed to provide a well-rounded survey of the subject, this book covers financing trade such as export credit arrangements in developing economies, export insurance markets, climate finance, and recent initiatives of the World Trade Organization (WTO). This state-of-the-art overview: Integrates new data and up-to-date research in the field Offers an interdisciplinary approach to examining global trade policy Introduces fundamental concepts of global trade in an understandable style Combines contemporary economic, legal, financial, and policy topics Presents a wide range of perspectives on current issues surrounding trade practices and policies The Handbook of Global Trade Policy is a valuable resource for students, professionals, academics, researchers, and policy-makers in all areas of international trade, economics, business, and finance.

Author : Paul Allan Schott
Publisher : World Bank Publications
Page : 292 pages
File Size : 52,8 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 9780821365144

Get Book

Reference Guide to Anti-money Laundering and Combating the Financing of Terrorism by Paul Allan Schott Pdf

This second edition of the Reference Guide is a comprehensive source of practical information on how countries can fight money laundering and terrorist financing. Aimed at helping countries understand the new international standards, it discusses the problems caused by these crimes, the specific actions countries need to take to address them, and the role international organizations play in the process. The Reference Guide is a valuable tool for establishing effective regimes to successfully prevent, detect, and prosecute money laundering and terrorist financing.

Author : Louise I. Shelley
Publisher : Princeton University Press
Page : 375 pages
File Size : 41,9 Mb
Release : 2020-11-10
Category : Business & Economics
ISBN : 9780691209760

Get Book

Dark Commerce by Louise I. Shelley Pdf

Though mankind has traded tangible goods for millennia, recent technology has changed the fundamentals of trade, in both legitimate and illegal economies. In the past three decades, the most advanced forms of illicit trade have broken with all historical precedents and, as Dark Commerce shows, now operate as if on steroids, tied to computers and social media. In this new world of illicit commerce, which benefits states and diverse participants, trade is impersonal and anonymized, and vast profits are made in short periods with limited accountability to sellers, intermediaries, and purchasers. Louise Shelley examines how new technology, communications, and globalization fuel the exponential growth of dangerous forms of illegal trade--the markets for narcotics and child pornography online, the escalation of sex trafficking through web advertisements, and the sale of endangered species for which revenues total in the hundreds of millions of dollars. The illicit economy exacerbates many of the world's destabilizing phenomena: the perpetuation of conflicts, the proliferation of arms and weapons of mass destruction, and environmental degradation and extinction. Shelley explores illicit trade in tangible goods--drugs, human beings, arms, wildlife and timber, fish, antiquities, and ubiquitous counterfeits--and contrasts this with the damaging trade in cyberspace, where intangible commodities cost consumers and organizations billions as they lose identities, bank accounts, access to computer data, and intellectual property.

Author : Nigel Morris-Cotterill
Publisher : Independently Published
Page : 0 pages
File Size : 51,6 Mb
Release : 2023-12-20
Category : Electronic
ISBN : 9798872451235

Get Book

Trade Based Financial Crime Volume One by Nigel Morris-Cotterill Pdf

Financial Crime and commercial activity are intertwined. While there is a simplistic view that the financial sector and law enforcement should concentrate on money laundering in trade, that is far, far from the reality: to consider the financial crime risk and compliance aspects. It is absolutely essential to go beyond "trade based money laundering" or its acronym "TBML". The starting point in any assessment of risk in commercial activity is not to understand the criminal abuses, but to understand the commercial activity. In this way, the abnormal is more likely to stand out. That's what Trade Based Financial Crime, Volumes 1 and 2, do. Building on the commercial activity, the opportunities for abuse can be seen and, because of that, financial crime risk and compliance officers are shown avenues for their Know Your Customer and Customer Due Diligence processes both at the time of customer acquisition and during the business relationship. ----------------- Nigel Morris-Cotterill has been a financial crime risk and compliance strategist since 1994 and before that was a solicitor in private practice in London.

Author : Brigitte Unger,Daan van der Linde
Publisher : Edward Elgar Publishing
Page : 519 pages
File Size : 46,5 Mb
Release : 2013-01-01
Category : Business & Economics
ISBN : 9780857934000

Get Book

Research Handbook on Money Laundering by Brigitte Unger,Daan van der Linde Pdf

Although the practice of disguising the illicit origins of money dates back thousands of years, the concept of money laundering as a multidisciplinary topic with social, economic, political and regulatory implications has only gained prominence since the 1980s. This groundbreaking volume offers original, state-of-the-art research on the current money laundering debate and provides insightful predictions and recommendations for future developments in the field. The contributors to this volume academics, practitioners and government representatives from around the world offer a number of unique perspectives on different aspects of money laundering. Topics discussed include the history of money laundering, the scale of the problem, the different types of money laundering, the cost to the private sector, and the effectiveness of anti-money laundering policies and legislation. The book concludes with a detailed and insightful synthesis of the problem and recommendations for additional steps to be taken in the future. Students, professors and practitioners working in economics, banking, finance and law will find this volume a comprehensive and invaluable resource.

Author : Kevin Sullivan
Publisher : Apress
Page : 190 pages
File Size : 52,5 Mb
Release : 2015-07-14
Category : Business & Economics
ISBN : 9781430261612

Get Book

Anti-Money Laundering in a Nutshell by Kevin Sullivan Pdf

Anti–Money Laundering in a Nutshellis a concise, accessible, and practical guide to compliance with anti–money laundering law for financial professionals, corporate investigators, business managers, and all personnel of financial institutions who are required, under penalty of hefty fines, to get anti–money laundering training. Money laundering is endemic. As much as 5 percent of global GDP ($3.6 trillion) is laundered by criminals each year. It’s no wonder that every financial institution in the United States—including banks, credit card companies, insurers, securities brokerages, private funds, and money service businesses—must comply with complex examination, training, and reporting requirements mandated by a welter of federal anti–money laundering (AML) laws. Ignorance of crime is no excuse before the law. Financial institutions and businesses that unknowingly serve as conduits for money laundering are no less liable to prosecution and fines than those that condone or abet it. In Anti–Money Laundering in a Nutshell: Awareness and Compliance for Financial Personnel and Business Managers, Kevin Sullivan draws on a distinguished career as an AML agent and consultant to teach personnel in financial institutions what money laundering is, who does it, how they do it, how to prevent it, how to detect it, and how to report it in compliance with federal law. He traces the dynamic interplay among employees, regulatory examiners, compliance officers, fraud and forensic accountants and technologists, criminal investigators, and prosecutors in following up on reports, catching launderers, and protecting the integrity and reputations of financial institutions and businesses. In particular, corporate investigators will gain rich insights winnowed from the author's experiences as a New York State and federal investigator.

Author : OECD
Publisher : OECD Publishing
Page : 128 pages
File Size : 46,7 Mb
Release : 2014-04-23
Category : Electronic
ISBN : 9789264203501

Get Book

Illicit Financial Flows from Developing Countries Measuring OECD Responses by OECD Pdf

This publication identifies the main areas of weakness and potential areas for action to combat money-laundering, tax evasion, foreign bribery, and to identify, freeze and return stolen assets.