Illicit Transnational Businesses in a Global Economy
Author | : Andre Keuck |
Publisher | : |
Total Pages | : 72 |
Release | : 2009-09-18 |
ISBN-10 | : 1449523773 |
ISBN-13 | : 9781449523770 |
Rating | : 4/5 (73 Downloads) |
Book excerpt: This publication examines the structures and procedures of illicit businesses: the narcotics trade, arms smuggling, and human trafficking, and discuss their operations within a legal and financial context. After providing an overview of the illicit business ecosystem, the author explores the thread that ties all of these enterprises together: money laundering (ML). Readers will be taken within the practices money launderers use to mask illegal income; and then describe the anti-money laundering (AML) and countering of terrorist financing (CTF)oriented legal mechanisms that are used to combat them, with an emphasis on UK and US law. Finally, the concluding sections consider the status of the techniques used to counter the flow of illegal money, and make recommendations for their improvement.