Journal of Money Laundering Control: Volume 27 Issue 1

Money laundering through raw diamonds

This paper aims to illustrate how illegally obtained funds are laundered through raw diamonds in Austria, Germany, Liechtenstein and Switzerland.

Editorial: Tackling economic crime: major reform of corporate criminal liability in the UK

What works in policing money laundering?

This paper aims to provide a comprehensive review of literature on policing money laundering to evaluate the quality of evidence presented in academic and grey literature. In…

Legal persons and arrangements money laundering risk assessment: the Brazilian methodology

This paper aims to contribute to the discussion about the misuse of legal persons for money laundering and terrorism financing (ML/TF) through the study of methodologies for…

Ethical implications for teaching students to hack to combat cybercrime and money laundering

Malicious hackers are increasingly evolving with technology by developing advanced tools to infiltrate. They are looking at micro laundering via sites like PayPal or using job…

Mechanisms for interaction of law enforcement agencies in the field of countering money laundering

The purpose of this paper is to develop a new methodology for the interaction of law enforcement agencies with each other, financial institutions and other legal entities in the…

Practical considerations regarding the implementation of economic sanctions by Swiss financial service providers

The purpose of this paper is to discuss the practical problems which Swiss financial service providers face following the government’s decision to implement economic sanctions.

Does institutional quality modulate the effect of capital flight on economic growth in sub-Saharan Africa?

Sub-Saharan African (SSA) region has been battling illegal outflow of capital over the years, with little success recorded so far. Without adequate attention, unemployment…

The sustainability of the international AML regime and the role of the FATF. The objectivity of the greylisting process of developing jurisdictions like Pakistan

This study aims to explore the perception of the compliance officers of the Pakistani financial sector towards the placement of Pakistan on the grey list by the Financial Action…

Money laundering, media and European banks

This paper aims to assess, from an empirical perspective, the research question if public media reports which relate concrete banks to concrete allegations of money laundering…

Money laundering in corruption cases in Indonesia

In the case of money laundering (ML) originating from the predicate crime of corruption, law enforcers find it difficult to prove all or the existence of a predicate crime on…

Investigating the determinants of money laundering risk

With the growing interconnectedness of global markets brought about by globalization and technological innovation, there is a heightened worldwide risk of money laundering, posing…

How does the General Data Protection Regulation (GDPR) affect financial intelligence exchange with third countries?

This paper aims to examine the probable effect of the General Data Protection Regulation of the European Union on the transfer of financial intelligence to a third country without…

Evidencing source of wealth–challenges, questions, solutions and recommendations

The purpose of this paper is twofold. Firstly, it highlights areas of disconnect between how the financial services sector in the UK approaches the requirement to evidence source…

The background, significance and legal application of self-money laundering in China

The purpose of this paper is to introduce the background and significance of criminalization of self-money laundering in China and to analyze its application in judicial practice.

How can value added tax compliance be incentivized? An experimental examination of trust in government and tax compliance costs

This study aims to investigate the relationship between trust in government, value added tax (VAT) compliance costs and VAT compliance in the Jordanian retail industry context.