Full Description
This book critically analyses the evolving landscape of money laundering in the context of emerging technologies. Motivated by the need to provide an insight into evolving money laundering typologies and advocate for innovative approaches, such as the Money Laundering Appeal Index (MLAI) and the Actors, Predicate crime, Purpose of laundering, and Technological innovations (APPT) framework, it integrates insights from sociological and criminological theories to better understand the decision-making process of launderers. In addition to providing a framework aimed at expounding the technique(s) employed in the money laundering process and a metric to assess the appeal of a destination for money laundering flows, the work advocates for a systematic approach to construct models that can detect shell companies employed for laundering illicitly obtained funds, all based on publicly accessible information. By presenting novel insights and instruments, the book enriches the financial crime discourse, equipping stakeholders with the resources for more effective identification and prevention of these widespread economic offenses. It will be a valuable resource for academics, researchers and those working in the area of financial crime.
Contents
Introduction: Money Laundering: Technological Advances and the Fight Against Financial Crime Part I: Understanding of money laundering 1. Money Laundering: Understanding the Phenomenon and Its Fundamental Aspects 2. APPT Framework: Comprehending the Choice of Money Laundering Technique 3. MLAI Index: Departure from Quantifying the Magnitude of Money Laundering Part II: Money Laundering Detection 4. Shell Companies: Using Graphs to Identify Hidden Money Laundering Relationships 5. Using Graph Analytics to Detect Illicit Shell Companies Part III: Technological Innovations and Evolving Financial Crime Risks 6. Cryptocurrencies: Emerging Strategies to Launder Funds and Evade Sanctions 7. Metaverse: An Emerging Laundering Opportunity
