The Practical and Legal Aspects of Interdicting the Flow of Dirty Money

Abstract

The acquisition of and control over wealth is the motivation for most serious crimes involving premeditation. This is all the more so when the criminal activity resembles an enterprise which inevitably requires capital to operate and lubricate its aspirations. Money, or rather wealth, in its disposable form, is therefore not only the goal of criminal enterprises but the life blood of the enterprise. Therefore until the profits of crime are taken away from subversive and criminal factions, there is little chance of effectively discouraging criminal and abusive conduct which produces great wealth or, through its profits, allows power and prestige to be acquired. As soon as the state devises methods for the tracing and seizure of such funds, there is an obvious and compelling incentive for the criminal to hide the source of his ill‐gotten gains — in other words to engage in money laundering.

Citation

Rider, B.A.K. (1996), "The Practical and Legal Aspects of Interdicting the Flow of Dirty Money", Journal of Financial Crime, Vol. 3 No. 3, pp. 234-253. https://doi.org/10.1108/eb025715