Download or read book International Money Laundering Through Real Estate and Agribusiness written by Fausto Martin De Sanctis and published by Springer. This book was released on 2017-02-13 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines two types of transnational money laundering: the use of offshores and wire transfers to “invest” in real estate; and agribusiness, a nebulous activity that is difficult to regulate. The author also examines current international mechanisms to combat money-laundering; whether these efforts have been successful or unsuccessful; and whether multilateral instruments are an effective tool in the war against international organized crime. As national borders have opened and trade barriers have fallen, transnational crime has grown at unprecedented levels. The current situation, better revealed by the so-called “Panama Papers,” is a result of a lack of local cooperation in the investigations, prosecution, and/or extradition of criminals. Governments profit from ill-gotten wealth hosting international criminal enterprises in their own territories, thus providing a fertile ground for illicit practices, closing their eyes to the nexus among false or inappropriate identification, fraudulent records, corruption, and money laundering. If these types of transnational money-laundering are allowed to remain as they are currently treated, the shift in the financial paradigm, from centralized and regulated to decentralized and “unregulated,” would allow for the continuation of some of the most dangerous criminal activity. In this timely book, the author presents arguments that by “following the money,” capital movements involved in transnational money laundering through real estate and agribusiness can be examined, revealed, and understood.
Download or read book Technology Enhanced Methods of Money Laundering written by Fausto Martin De Sanctis and published by Springer. This book was released on 2019-06-06 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book identifies and examines the novel ways in which money is laundered internationally through illegal activities on the internet, focusing on sales, payments, social media, online gaming, and tax misapplication. Technology-enhanced methods that enable money laundering are now a significant portion of malicious cyber activities and deterring its commission is a high order priority. Although powered by modern tools, investigators, prosecutors, judges and regulatory agencies in most countries are not equipped to accurately detect, investigate and prosecute this type of criminal activity. It makes a case for broader institutional and regulatory improvement, formulating a basis for detecting evolving money laundering schemes with multiple focuses on sales, payments, social media, online gaming, and tax misapplication. Revealing the newest techniques used by criminals, currently neglected by law enforcement in most countries, and discusses the best approaches to combat these crimes, this book will be useful as a guide for law enforcement, prosecutors, judges, and others involved in efforts to curb online crimes.
Download or read book Economic Crime written by Mark Button and published by Routledge. This book was released on 2022-04-24 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first attempt to establish 'economic crime' as a new sub-discipline within criminology. Fraud, corruption, bribery, money laundering, price-fixing cartels and intellectual property crimes pursued typically for financial and professional gain, have devastating consequences for the prosperity of economic life. While most police forces in the UK and the USA have an ‘economic crime’ department, and many European bodies such as Europol use the term and develop strategies and structures to deal with it, it is yet to grain traction as a widely used term in the academic community. Economic Crime: From Conception to Response aims to change that and covers: definitions of the key premises of economic crime as the academic sub-discipline within criminology; an overview of the key research on each of the crimes associated with economic crime; public, private and global responses to economic crime across its different forms and sectors of the economy, both within the UK and globally. This book is an essential resource for students, academics and practitioners engaged with aspects of economic crime, as well as the related areas of financial crime, white-collar crime and crimes of the powerful.
Download or read book Money Laundering in the Real Estate Sector written by Brigitte Unger and published by Edward Elgar Publishing. This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In many countries, the real estate sector is vulnerable to money laundering due to a high number of factors including; the high value of assets, price fluctuations and speculation within the market, difficulties in assessing the true value of a house, and the fact that the legal owner is not necessarily the economic owner. In this book, the authors identify a total of 25 characteristics which render a property susceptible to money laundering. The more such characteristics a property exhibits, the more suspicious it becomes. The authors also discover that some of these characteristics weigh heavier than others. Combining economic, econometric and criminological analysis, this multidisciplinary approach shows how to detect criminal investment in the real estate sector. This well-researched book will appeal to government authorities responsible for combating money laundering, international organizations such as the IMF, the UN, the Worldbank and the EU, as well as financial intelligence units in all countries. Real estate associations, real estate research centers, criminologists and economists will also find this book invaluable.
Download or read book Money Laundering in the Real Estate Sector written by Brigitte Unger and published by Edward Elgar Publishing. This book was released on 2011-01-31 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: In many countries, the real estate sector is vulnerable to money laundering due to a high number of factors including; the high value of assets, price fluctuations and speculation within the market, difficulties in assessing the true value of a house, and the fact that the legal owner is not necessarily the economic owner. In this book, the authors identify a total of 25 characteristics which render a property susceptible to money laundering. The more such characteristics a property exhibits, the more suspicious it becomes. The authors also discover that some of these characteristics weigh heavier than others. Combining economic, econometric and criminological analysis, this multidisciplinary approach shows how to detect criminal investment in the real estate sector. This well-researched book will appeal to government authorities responsible for combating money laundering, international organizations such as the IMF, the UN, the Worldbank and the EU, as well as financial intelligence units in all countries. Real estate associations, real estate research centers, criminologists and economists will also find this book invaluable.
Download or read book The Handbook of Business and Corruption written by Michael S. Aßländer and published by Emerald Group Publishing. This book was released on 2017-09-13 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Business and Corruption provides an overview of corrupt business practices in general and, more particularly, in different industry sectors, considering such practices from an ethical perspective.
Download or read book International Money Laundering written by Barbara Webster and published by . This book was released on 1992 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Overcoming the Corruption Conundrum in Africa written by Anzanilufuno Munyai and published by Cambridge Scholars Publishing. This book was released on 2020-01-15 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book adopts a holistic approach to identifying what could be done to surmount the corruption conundrum in the African continent. It acknowledges the objective reality of corruption in Africa, and identifies primary solutions to the issue. The volume takes a socio-legal approach in order to reveal the nature and extent of corruption, and suggests that solutions can be found simply by interrogating how society reacts to it. In conjunction with this, the book identifies and critiques constraints in the formation of a definitive definition of corruption. As shown here, although it is critical for African states to develop anti-corruption strategies, the solution to the problem requires an understanding of the significance of political will, and how the lack thereof has led to the endurance of corruption in Africa.
Download or read book Perspectives on the right to development written by Carol C Ngang and published by Pretoria University Law Press. This book was released on 2018-01-01 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last couple of decades has not only witnessed an increased convergence between human rights and development but also a significant shift towards rights-based approaches to development, including especially responsiveness to the fact that development in itself is a human right guaranteed to be enjoyed by all peoples. This edited volume of peer-reviewed papers constitutes the first product resulting from the annual international conference series on the right to development, organised by the Centre for Human Rights, University of Pretoria, and the Thabo Mbeki African Leadership Institute at the University of South Africa. It explores the complex nature of the right to development from a diversified perspective, including from a conceptual, thematic, country and regional points of view. Conceived with the purpose to overshadow dominant economic growth approaches to development, the perspectives on the right to development articulated in this publication seek to locate the developmentalist discourse within the framework of accountability and people-centred development programming, necessitating appropriate policy formulation to ensure the constant improvement in human well-being. The book is written with the aim to reach out to researchers, academics, practitioners and policy makers who desire an in-depth understanding of the right to development as it applies universally.
Download or read book Criminal Politics and Botched Development in Contemporary Latin America written by Andreas E. Feldmann and published by Elements in the Politics of De. This book was released on 2023-08-10 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Element investigates how the relationship between narcotics and politics impacts economic development prospects in Latin America.
Download or read book Money Laundering in the U S Real Estate Sector written by and published by . This book was released on 2022 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Million Dollar Ghost Buildings written by Jeffrey R. Boles and published by . This book was released on 2020 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Article analyzes this money laundering loophole in the real estate sector, named “the darkest corner of the real estate market: all-cash purchases made by shell companies that often shield purchasers' identities.” Because all-cash purchases allow buyers to avoid bank financing, and in turn, the need to provide identification to the banks as part of the banks' anti-money laundering procedures, the real estate transaction coupled with limited liability laws in the U.S. provide secrecy and opportunity for money launderers. Charles Intriago, the president of the Association of Certified Financial Crime Specialists, highlights the problem as “The regulation of real estate transactions for financial crime and money laundering is worse than Swiss cheese for all the holes it's got.” The federal government has recently taken initial steps to combat the issue, devoting resources to decrease money laundering in the real estate industry, including the issuance of temporary regulations targeting certain U.S. cities, as well as a 10-agent unit to investigate money laundering, with real estate as a focal point. This Article examines these initiatives and argues for a proper balancing between the need to combat money laundering in the real estate sector and effectively close the loophole with the need to maintain efficiency in real estate sales transactions and a reasonable expectation of privacy by property owners.
Download or read book Combatting Money Laundering in BC Real Estate written by Expert Panel on Money Laundering in BC Real Estate (B.C.) and published by . This book was released on 2019 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Typologies of Money Laundering Through the Real Estate Sector in West Africa written by and published by . This book was released on 2008 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Anti Money Laundering Initiatives for the South African Real Estate Market written by Jeffrey R. Boles and published by . This book was released on 2020 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Africa operates as a major African financial center, with its robust banking and financial sector and significant cash-based market, and it consequently exposes itself as an attractive target for criminal activity generally and money laundering in particular. Long known as a money laundering hotspot, South Africa shows a low prosecution rate under its main anti-money laundering legislation. Former Finance Minister Trevor Manuel estimated in 2001 that between 2 billion and 8 billion US dollars are laundered through South African institutions annually. The South African real estate market in particular provides opportunities for criminals to launder their funds through purchasing and/or developing properties. Criminals can use the luxury real estate market in the Western Cape Province, for instance, to launder sizeable amounts of illicit funds through buying high-end properties via cash and offshore shell companies that hide their true owners, and the purchased real estate functions as the means to launder the criminal proceeds. Money laundering in real estate is a classic method of laundering money given that the funds can be hidden in real estate by multiple transactions cloaking the illicit source. This Article analyzes money laundering in the South African real estate sector, and in particular, “the darkest corner of the real estate market: all-cash purchases made by shell companies that often shield purchasers' identities,” and recommends specific initiatives that may help combat the offense in this sector.
Download or read book The Mexican Peso Bailout written by United States. Congress. House. Committee on International Relations. Subcommittee on International Economic Policy and Trade and published by . This book was released on 1995 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book People s Republic of China written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2019-06-21 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a summary of the anti-money laundering/combating the financing of terrorism (AML/CFT) measures in place in the People’s Republic of China (China)1 as at the date of the onsite visit (July 9–27, 2018). It analyzes the level of compliance with the Financial Action Task Force (FATF) 40 Recommendations and the level of effectiveness of China’s AML/CFT system and provides recommendations on how the system could be strengthened. China has undertaken a number of initiatives since 2002 that have contributed positively to its understanding of ML/TF risk, although some important gaps remain. Its framework for domestic AML/CFT cooperation and coordination is well established.
