Journal of Money Laundering Control: Volume 8 Issue 2

Prosecutorial challenges in freezing and forfeiting proceeds of transnational crime and the use of international asset sharing to promote international cooperation

Anthony Smellie

Argues that confiscation of criminals’ assets is an effective and justifiable way of depriving them of the proceeds of crimes such as drug trafficking. Describes the challenges…

The new weapon for combating money laundering in the EU

He Ping

Comments on the Directive 2001/97/EC of the European Parliament and on the Amending Council Directive 91/308/EEC, both of them concerned with preventing use of the financial…

Money laundering: what will criminal elements think of next?

Mark McKenzie

Introduces the USA’s Food Stamp Program, which provides large amounts of money to poor people. Shows how this distribution system creates the potential for money laundering…

The financing of terror in the age of the Internet: wilful blindness, greed or a political statement?

Fletcher N. Baldwin

Begins with the Staff Report to the National Commission on Terrorist Attack on the United States, which indicates the methods used to trace, seize and freeze terrorist assets, and…

Online crimes and advance fee fraud in Nigeria ‐ are available legal remedies adequate?

Abimbola O. Salu

Examines why advance fee fraud, or “419”, named after section 419 of the Criminal Code, is so prevalent in Nigeria, and how it centres around unemployed young people in…

Indicators of hawala operations and criminal abuse

Nikos Passas

Indicates the importance of the Informal Value Transfer System (IVTS) and hawala in particular as a means whereby immigrant workers can send remittances to their home countries…

The penalisation of tax violations and criminal tax offences in Slovenian law

Liljana Selinšek

Lists the most important statutes relating to tax in the Republic of Slovenia since the country became independent in 1991; only those are included which include sanctions for…

Anti‐money laundering activities of financial institutions in Taiwan

Ma Yu‐Feng

Discusses the history, content and shortcomings of the 2003 Money Laundering Control Act of Taiwan, with two case studies involving money laundering (by the Yeh brother and Mr…

The fight against money laundering in Hungary

Mihaly Tóth, István Lászlo Gál

Discusses the history and procedural system of anti‐money laundering regulation in Hungary, which was the first of the former Warsaw Pact countries to accept regulations which…