Download or read book Money Laundering in Canada written by Margaret E. Beare and published by University of Toronto Press. This book was released on 2007-06-09 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: Money laundering is the process of converting or transferring cash or other assets, generated from illegal activity, in order to conceal or disguise their origins. In recent years, the international community has decided that focusing on money laundering is an efficient strategy in policing organized crime and, now terrorism. To this end, countries are encouraged to harmonize their policies and legislation and, to some extent, their policing strategies. Before adopting these new strategies, however, it is important to understand the extent of money laundering in different jurisdictions, as well as the likelihood of success and the costs involved in these anti-laundering strategies. This new work by Margaret E. Beare and Stephen Schneider brings empirical evidence to the study of money laundering in Canada - a topic that has recently assumed an international profile. They challenge the seemingly common sense notion, fueled by political posturing and policing rhetoric, that taking the profits away from criminals is a rational law enforcment strategy. Using data from police cases, the inner working of financial institutions, and the 'successful' claims of privilege from our legal profession, the final picture that the authors paint is of a good enforcement strategy run amuch amid conflicting interests and agendas, an overly ambitious set of expectations, and an ambiguous body of evidence as to the strategy's overall merits.

Download or read book Money Laundering and Terrorism Financing in Global Financial Systems written by Rafay, Abdul and published by IGI Global. This book was released on 2021-04-16 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last few decades, corrupt financial practices were increasingly being monitored in many countries around the globe. The past few decades have been eventful for these issues. Today, tackling money laundering and terrorism financing are considered key issues in developed and developing countries alike. Eradication of money laundering and terrorism financing through a holistic approach of awareness, prevention, and enforcement is a current need. It has enabled the birth of new regulatory regimes based on strict compliance, robust processes, and technology. One of the many problems with this is the lack of general awareness about all these issues among various stakeholders including researchers and practitioners. Money Laundering and Terrorism Financing in Global Financial Systems deepens the discourse about money laundering, terrorism financing, and risk management in a modern-day environment. It provides a fascinating and invaluable guide for understanding the theory, practice, and cases of these topics. Split into two sections, the first being money laundering and terrorism financing and the second being financial governance and risk management, the chapters create comprehensive knowledge on these acts of crime in the financial industry by defining the crimes themselves, the many challenges and impacts, and potential solutions. This book is ideal for government officials, financial professionals, policymakers, academicians, business professionals, managers, IT specialists, researchers, and students.

Download or read book Invisible Trillions written by Raymond Baker and published by Berrett-Koehler Publishers. This book was released on 2023-01-31 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our current democratic capitalist system is close to imploding. This book is the first to reveal the secret financial system dominating capitalism today and shows how we can create accountability to restore our democracy. Over the last half century, capitalism has created the means for trillions of dollars, euros, pounds, and other stores of wealth to move invisibly-beyond the control of central bankers, law enforcement agents, and international institutions. With an entire financial secrecy system now dominating capitalist operations, riches move inexorably upward and accelerate economic inequality, directly obstructing and threatening democracy. In four parts, Invisible Trillions reveals how capitalism today functions outside the control of democracy and how we can link the two once again. Acknowledging the corruption and complacency of our institutions, Raymond W. Baker walks readers through covert financial operations, their instigators, and their impacts. He also argues for replacing financial secrecy with transparency via mechanisms such as mandated disclosure around corporate and financial entities and operations. This book takes the first step toward holding our systems accountable. After all, the very survival of the democratic capitalist system is at stake.

Download or read book 2023 Review of The Fund s Anti Money Laundering and Combating The Financing of Terrorism Strategy Background Papers written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2023-12-05 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: The background papers support the stocktaking analysis and the proposed way forward for the 2023 review of the IMF's AML/CFT Strategy. The five background papers provide in-depth discussions on the following key topics: (i) illicit financial flows; (ii) the impact of money laundering in financial stability; (iii) synergies between financial integrity issues and other Fund policies and work; (iv) the Fund’s collaboration with key partners in the AML/CFT global policy architecture; and (v) stakeholders’ views of the effectiveness of the Fund’s AML/CFT engagement.

Download or read book Wilful Blindness written by Sam Cooper and published by Optimum Publishing International. This book was released on 2022-06-08 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revised and updated edition of the Globe and Mail and Amazon bestselling book “If you want to understand war in the 21st century, read this to get part of the story.” — Robert Spalding, US Brigadier General (retired) “This book reads like a thriller and is stranger than fiction. Gripping, racy and exciting, it is difficult to put down. A tale of gambling, narcotics, tycoons, criminal gangs and Communists. And the shocking part is that it’s not a novel, it is all true.” — Benedict Rogers, CEO Hong Kong Watch In 1982 three of the most powerful men in Asia met in Hong Kong. They would decide how Hong Kong would be handed over to the People’s Republic of China and how Chinese business tycoons Henry Fok and Li Ka-Shing would help Deng Xiaoping realize the Chinese Communist Party’s domestic and global ambitions. That meeting would not only change Vancouver but the world. Billions of dollars in Chinese investment would soon reach the shores of North America’s Pacific coast. B.C. government casinos became a tool for global criminals to import deadly narcotics into Canada and launder billions of drug cash into Vancouver real estate. And it didn't happen by accident. A cast of accomplices — governments hungry for revenue, casino, and real estate companies with ties to shady offshore wealth, professional facilitators including lawyers and bankers, an aimless RCMP that gave organized crime room to grow — all combined to cause this tragedy. There was greed, folly, corruption, conspiracy, and wilful blindness. Decades of bad policy allowed drug cartels, first and foremost the Big Circle Boys — powerful transnational narco-kingpins with ties to corrupt Chinese officials, real estate tycoons, and industrialists — to gain influence over significant portions of Canada’s economy. Many looked the other way while B.C.’s primary industry, real estate, ballooned with dirty cash. But the unintended social consequences are now clear: a fentanyl overdose crisis raging in major cities throughout North America and life spans falling for the first time in modern Canada, and a runaway housing market that has devastated middle-class income earners. This story isn’t just about real estate and fentanyl overdoses, though. Sam Cooper has uncovered evidence that shows the primary actors in so-called “Vancouver Model” money laundering have effectively made Canada’s west coast a headquarters for corporate and industrial espionage by the CCP. And these ruthless entrepreneurs have used Vancouver and Canada to export their criminal model to other countries around the world including Australia and New Zealand. Meanwhile, Cooper finds that the RCMP’s 2019 arrest of its top intelligence official, Cameron Ortis, raises many frightening questions. Could Chinese transnational criminals and state actors targeting Canada’s industrial and technological crown jewels have gained protection from the Mounties? Could China and Iran have insight into Canada's deepest national security secrets and influence on investigations? Ortis had oversight of many investigations into transnational money laundering networks and insight into sensitive probes of suspects seeking to undermine Canada’s democracy and infiltrate the United States, according to the evidence Cooper has found. Wilful Blindness is a powerful narrative that follows the investigators who refused to go along with institutionalized negligence and corruption that enabled the Vancouver Model, with Cooper drawing on extensive interviews with the whistle-blowers; thousands of pages of government and court documents obtained through legal applications; and large caches of confidential material available exclusively to Cooper. The book culminates with a shocking revelation showing how deeply Canada has been compromised, and what needs to happen, to get the nation back on track with its “Five Eyes” allies.

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 Dirty Money written by Christian Leuprecht and published by McGill-Queen's Press - MQUP. This book was released on 2023-09-15 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crime in Canada remains a mystery: omnipresent, but we know little about its operation. Transactions are cloaked with apparent legality, which makes tracking criminal activity through economic or financial statistics a complex undertaking. This distinctive volume aims to stem in-, out-, and through-flows of vast sums of dirty money by enhancing Canada’s capacity to detect, disrupt, deter, investigate, and prosecute domestic financial criminals and transnational organized criminal organizations. It brings together leading scholars and practitioners from the public and private sectors to identify and explore deficiencies in federal and provincial policy, regulation, legislation, politics, institutions, and enforcement, as well as the international financial crime regime. Together contributors pinpoint weaknesses that have turned the Canadian federation into a destination of choice for global financial crime, where its perpetrators can operate with impunity. Dirty Money reveals how globalization and technology have spun an extensive web of clandestine processes that disguises how financial criminals operate, the channels they use, and how they suborn banks and institutions. In the process, the extent of financial crime in Canada and its corrosive effects on communities, democratic institutions, and prosperity becomes apparent. Contributors: Sanaa Ahmed, John Cassara, Garry Clement, Arthur J. Cockfield, Caroline Dugas, Jamie Ferrill, Cameron Field, Michelle Gallant, Peter German, Rhianna Hamilton, Todd Hataley, Caitlyn Jenkins, Christian Leuprecht, David Maimon, Katarzyna (Kasia) Mcnaughton, Denis Meunier, Pierre-Luc Pomerleau, Stephen Schneider, Jeffrey Simser.

Download or read book Canada written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-06-24 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial System Stability Assessment paper discusses that Canada has enjoyed favorable macroeconomic outcomes over the past decades, and its vibrant financial system continues to grow robustly. However, macrofinancial vulnerabilities—notably, elevated household debt and housing market imbalances—remain substantial, posing financial stability concerns. Various parts of the financial system are directly exposed to the housing market and/or linked through housing finance. The financial system would be able to manage severe macrofinancial shocks. Major deposit-taking institutions would remain resilient, but mortgage insurers would need additional capital in a severe adverse scenario. Housing finance is broadly resilient, notwithstanding some weaknesses in the small non-prime mortgage lending segment. Although banks’ overall capital buffers are adequate, additional required capital for mortgage exposures, along with measures to increase risk-based differentiation in mortgage pricing, would be desirable. This would help ensure adequate through-the cycle buffers, improve mortgage risk-pricing, and limit procyclical effects induced by housing market corrections.

Download or read book Investment of Criminal Proceeds into the Legitimate Economy written by Emanuele Sclafani and published by Taylor & Francis. This book was released on 2024-02-15 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the infiltration of Italian and Russian organised crime in the UK real estate market, assessing how vulnerable the UK is to these sorts of activities. It identifies the drivers behind the criminal choices and modus operandi of Italian and Russian organised crime groups, and the factors causing their mobility abroad. Investment of Criminal Proceeds into the Legitimate Economy broadens our knowledge on the relationship between criminal agency and criminogenic opportunity in a socio-economic and legal context. This book offers a critical insight into the criminal actors and operations of Italian and Russian organised crime groups, such as money laundering schemes in the real estate sector, whilst also exploring the role of crime facilitators. Drawing on interviews with prosecutors, law enforcement agents and investigative journalists, Investment of Criminal Proceeds into the Legitimate Economy explores how criminal investments adversely affect both law enforcement operations and socio-economic development in this area. An accessible and compelling read, this book will appeal to students and scholars of criminology, law, organised crime, policymakers, and all those interested in how Italian and Russian organised crime operates in the UK real estate market.

Download or read book Money Laundering A Comprehensive Guide written by Samuel James and published by Dr. Samuel Inbaraja S . This book was released on 2023-12-08 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Money Laundering: A Comprehensive Guide Unveil the secrets of money laundering and equip yourself to combat financial crime with this definitive guide. Dr. Samuel James, a distinguished medical doctor and MBA graduate from Deakin University, Australia, draws upon his unique expertise to deliver a comprehensive understanding of this complex issue. Through engaging case studies and insightful discussions, you will: Master the intricacies of money laundering, from its definitions and stages to its ever-evolving methods. Navigate the intricate legal framework, including international and national regulations designed to combat financial crime. Gain a deep understanding of the role financial institutions play in Anti-Money Laundering (AML) and their critical responsibilities. Develop essential skills for identifying and assessing money laundering risks, protecting your organization and its stakeholders. Become proficient in Customer Due Diligence (CDD) and Know Your Customer (KYC) practices, ensuring compliance and preventing illicit activities. Understand the crucial role of Suspicious Activity Reports (SARs) and transaction monitoring in detecting and deterring financial crime. Recognize the power of collaboration and information sharing, and how public-private partnerships can effectively tackle money laundering. Explore cutting-edge technologies and trends shaping the future of AML, preparing yourself for the challenges and opportunities ahead. Uncover the devastating impact of money laundering on financial stability and society, highlighting the importance of strong AML measures. Navigate the ethical considerations surrounding money laundering and corporate social responsibility, ensuring ethical conduct in your business practices. Build a robust AML compliance program, equipped with the knowledge and tools to effectively prevent and detect financial crime. This essential guide is indispensable for: Business professionals across all industries Financial institutions of all sizes Law enforcement agencies and regulators Compliance officers and risk management professionals Students and academics seeking a comprehensive understanding of AML Anyone concerned about the impact of financial crime on society Empower yourself to fight financial crime and contribute to a safer financial system. Order your copy of Money Laundering: A Comprehensive Guide by Dr. Samuel James today!

Download or read book Claws of the Panda written by Jonathan Manthorpe and published by Cormorant Books. This book was released on 2024-05-04 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: Claws of the Panda tells the story of Canada’s failure to construct a workable policy towards the People’s Republic of China. In particular, the book tells of Ottawa’s failure to recognize and confront the efforts by the Chinese Communist Party to infiltrate and influence Canadian institutions and to exert control over Canadians of Chinese heritage. It shows how Canadian leaders have constantly misjudged the reality of the relationship while the CCP and its agents have benefited from Canadian naivete. ​ The Expanded and Updated edition of Claws of the Panda arrives at a crucial point as Canada’s delusions abouts its friendly relations with the CCP have fallen apart since the book’s initial publication. This edition sets out to uncover Ottawa’s relationship with Beijing in light of the CCP regime’s increasingly suspicious and belligerent relations with the US and Europe. The age of a distinctly Canadian bilateral relationship with Beijing is over.

Download or read book Canada written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2017-07-13 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2017 Article IV Consultation highlights that Canadian economy has regained momentum, supported by the authorities’ pro-active growth strategy, but complex adjustments are still at play. Although personal consumption is robust, business investment remains weak, nonenergy exports have underperformed, and housing market imbalances have risen. Externally, the global outlook has improved, but uncertainty surrounding global trade and risks of economic fragmentation may negatively affect the durability of the Canadian recovery. A strong United States economy, expansionary fiscal and monetary policy, and stable oil prices are expected to lift real GDP growth to 2.5 percent in 2017 and 1.9 percent in 2018. Residential construction is expected to expand at a more moderate pace, reflecting tighter macroprudential measures.

Download or read book Organized Crime Money Laundering written by William B. Z. Vukson and published by G.7 Report. This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the globalization of finance and the speed of electronic transactions, the world's leading nations are leading the battle against the money laundering activities of organized crime. Two of the world's leading organized crime journalists, Antonio Nicaso and Lee Lamothe, are major contributors to the book, which investigates the Japanese underworld, counterfeiting, Russian organized crime and the global influence of the Mafia. The highlight of this new book, however, is an interview with Giulio Andreotti, the disgraced former Prime Minister of Italy, whose arrest and conviction so controversially brought the issue of organized crime to the attention of the world.

Download or read book Canada written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2023-07-27 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth is slowing and headline inflation falling rapidly, but, as in other countries, core inflation has been stickier and short-term expectations elevated in the context of still-tight labor markets. The financial system appears broadly resilient despite global banking stresses and ongoing mortgage resets at higher interest rates. With the world moving from one crisis to the next, risks to a highly open economy like Canada are substantial and compound domestic vulnerabilities related to inflation expectations, the housing market, and household leverage. The outlook thus remains uncertain, and shocks could push the economy into a mild recession.

Download or read book The New Urban Sociology written by Mark Gottdiener and published by Routledge. This book was released on 2019-05-17 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Widely recognized as a groundbreaking text, The New Urban Sociology is a broad and expert introduction to urban sociology that is both relevant and accessible to students. Organized around an integrated paradigm, the sociospatial perspective, this text examines the role played by social factors such as race, class, gender, lifestyle, economics, and culture on the development of metropolitan areas, and integrates social, ecological, and political economy perspectives and research into this study. With its unique perspective, concise history of urban life, clear summary of urban social theory, and attention to the impact of culture on urban development, this book gives students a cohesive conceptual framework for understanding cities and urban life. The sixth edition of The New Urban Sociology is a major overhaul and expansion of the previous editions. This edition is packed with new material including an expansion of the sociospatial approach to include the primary importance of racism in the formation of the urban landscape, the spatial aspects of urban social problems, including the issues surrounding urban public health and affordable housing, and a brand new chapter on urban social movements. There is also new material on the importance of space for social groups, including immigrants and the LGBTQ community, as well as the gendered meanings embedded in social space.

Download or read book Frauds and Financial Crimes written by Alan Doig and published by Routledge. This book was released on 2021-09-16 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume provides a contemporary overview of major issues and control strategies associated with fraud and financial crime, including prevention, public ethics, compliance mechanisms, and law enforcement in England and Wales. The UK – and in particular, England & Wales - has had a number of public strategies and plans to address fraud and financial crime, beginning (in this edited volume) with the 2008 National Fraud Strategy and now including, most recently, the 2020 Local Government Fraud and Corruption strategy, the 2019 Economic Crime Plan and National Fraud Policing Strategy, the 2018 Serious and Organised Crime Strategy, and the 2017 Anti-Corruption Plan. All, together with a number of past, existing, reconfigured and new institutions and procedures, reflect a continuing collective response to emerging issues and themes in fraud and financial crime. Frauds and Financial Crimes: Trends, Strategic Responses and Implementation Issues in England and Wales contributes insights about the continuing interplay of strategic responses, priorities and implementation in an era of budget reductions, competing local and national agendas and a continuing absence of joined-up oversight and ownership. Drawing on both academic and practitioner experts, the book seeks to explore a range of important themes, including: the gaps between strategic intentions and practice on the ground; different approaches to the same issue; labelling of crimes as ‘organised’ and/or ‘economic’; collaborative public-private and inter-agency approaches and problem ownership; the role of prevention; and the translation of experience upwards and policy downwards in development and implementation. In doing so, it seeks to inform more effective strategic responses to fraud and financial crime. The chapters in this book were originally published in the journal Public Money and Management.

Download or read book Investigation and Prevention of Financial Crime written by Petter Gottschalk and published by CRC Press. This book was released on 2016-05-06 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: So long as there are weaknesses that can be exploited for gain, companies, other organizations and private individuals will be taken advantage of. This theoretically-based but hugely practical book focuses on what is generally seen as financial or economic crime: theft, fraud, manipulation, and corruption. Petter Gottschalk considers how, in some competitive environments, goals can 'legitimise' all kinds of means, and how culture can exert a role in relation to what is seen as acceptable or unacceptable behaviour by individuals. In Investigation and Prevention of Financial Crime he addresses important topics including organized crime, money laundering, cyber crime, corruption in law enforcement agencies, and whistleblowing, and provides expert advice about strategies for the use of intelligence to combat financial crime. The uniqueness of his approach to the subject lies in the way he is able to explain intelligence and intelligence processes in the wider context of knowledge and knowledge management. The numerous case studies throughout the book illustrate the 'policing' of financial crime from an intelligence, knowledge management and systems perspective. Law enforcers, lawyers, security personnel, consultants and investigators, as well as those in auditing and accountancy and with responsibilities for containing risk in banks, other financial institutions and in businesses generally, will find this an invaluable source of practical guidance. The book will also be of interest to advanced students and researchers in criminology and police science.