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An Analysis of Money Laundering and Terrorism Financing Typologies

Irwin, Angela; Choo, Kim-Kwang (Raymond); Lin, Liu

Description

Purpose – The purpose of this paper is to measure the size of the money laundering and terrorism financing problem, identify threats and trends, the techniques employed and the amount of funds involved to determine whether the information obtained about money laundering and terrorism financing in real-world environments can be transferred to virtual environments such as Second Life and World of Warcraft. Design/methodology/approach – Analysis of 184 Typologies obtained from a number of...[Show more]

dc.contributor.authorIrwin, Angela
dc.contributor.authorChoo, Kim-Kwang (Raymond)
dc.contributor.authorLin, Liu
dc.date.accessioned2015-12-07T22:25:19Z
dc.identifier.issn1368-5201
dc.identifier.urihttp://hdl.handle.net/1885/21222
dc.description.abstractPurpose – The purpose of this paper is to measure the size of the money laundering and terrorism financing problem, identify threats and trends, the techniques employed and the amount of funds involved to determine whether the information obtained about money laundering and terrorism financing in real-world environments can be transferred to virtual environments such as Second Life and World of Warcraft. Design/methodology/approach – Analysis of 184 Typologies obtained from a number of anti-money laundering and counter-terrorism financing (AML/CTF) bodies to: determine whether trends and/or patterns can be identified in the different phases of money laundering or terrorism financing, namely, the placement, layering and integration phases; and to establish whether trends and/or behaviours are ubiquitous to a particular money laundering or terrorism financing Type. Findings – Money launderers and terrorism financers appeared to have slightly different preferences for the placement, layering and integration techniques. The more techniques that are used, the more cash can be successfully laundered or concealed. Although terrorism financers use similar channels to money launderers, they do not utilise as many of the placement, layering and integration techniques. Rather, they prefer to use a few techniques which maintain high levels of anonymity and appear innocuous. The sums of monies involved in money laundering and terrorism financing vary significantly. For example, the average maximum sum involved in money laundering cases was AUD 68.5M, as compared to AUD 4.8 for terrorism financing cases. Originality/value – This paper provides some insight into the relationship between predicate offence, the predominant techniques utilised in carrying out that offence and the sums of money involved.
dc.publisherHenry Stewart Publications
dc.sourceJournal of Money Laundering Control
dc.titleAn Analysis of Money Laundering and Terrorism Financing Typologies
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume15
dc.date.issued2011
local.identifier.absfor149901 - Comparative Economic Systems
local.identifier.absfor160299 - Criminology not elsewhere classified
local.identifier.ariespublicationu3501552xPUB16
local.type.statusPublished Version
local.contributor.affiliationIrwin, Angela, University of South Australia
local.contributor.affiliationChoo, Kim-Kwang (Raymond), College of Asia and the Pacific, ANU
local.contributor.affiliationLin, Liu, University of South Australia
local.description.embargo2037-12-31
local.bibliographicCitation.issue1
local.bibliographicCitation.startpage85
local.bibliographicCitation.lastpage111
local.identifier.doi10.1108/13685201211194745
local.identifier.absseo919999 - Economic Framework not elsewhere classified
dc.date.updated2020-12-27T07:27:45Z
local.identifier.thomsonID000212765600006
CollectionsANU Research Publications

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