Money Laundering and Illicit Financial Flows
Money Laundering and Illicit Financial Flows

Author: John a Cassara

Publisher:

Published: 2020-05-15

Total Pages: 372

ISBN-13:

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Outside of crimes of passion, criminals, criminal organizations, kleptocrats, and some businesses and corporations are motivated by greed. In today's increasingly interconnected world, the criminal manifestations of unchecked avarice impact all of us - politically, socially, economically, and culturally. Transnational crime effects our individual and collective security. The magnitude of crime is measured in the multi-trillions of dollars annually. Laundering or hiding and disguising the proceeds of crime is essential for criminal organizations. Unfortunately, the last thirty years have demonstrated that our anti-money laundering (AML) countermeasures are not effective. Examining the "metrics that matter," we are a "decimal point away from total failure." The outlook going forward is not promising. Money Laundering and Illicit Financial Flows - Following the Money and Value Trails is the first book to take a hard look at our AML track record. Written primarily from a law enforcement perspective, the book examines old and new money laundering methodologies. It exposes threats, enablers, and facilitators. Making the case for an AML paradigm shift, the book offers alternative steps forward. Combining facts, straight-forward explanations, case studies, as well as the author's personal experiences, views and commentary, this book is valuable to the public and private sectors, policy makers, as well as students and concerned citizens. As a former Treasury Special Agent, John Cassara has investigated and studied money laundering for over 30 years. Equally at home in back streets or government bureaucracies, he has a unique perspective and offers an insider's knowledge. He delights in telling it as it is. The author of five books and countless articles on money laundering and threat finance, Cassara continues to surface important issues that deserve our attention.

Trade-Based Money Laundering
Trade-Based Money Laundering

Author: John A. Cassara

Publisher: John Wiley & Sons

Published: 2015-11-09

Total Pages: 260

ISBN-13: 1119078954

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Uncover the financial fraud that funds terrorist organizations Trade-Based Money Laundering is an authoritative examination of this burgeoning phenomenon, now coming under scrutiny in the War on Terror. This book walks you through the signs and patterns of trade-based money laundering (TBML) to help you recognize it when it occurs, and shows you how data and analytics can be used to detect it. You'll learn the common value transfer techniques including invoice fraud, over-and-under invoicing, and misrepresentation, and learn why analytic detection systems have yet to be implemented despite the existence of copious data. Case studies from around the world highlight the real-life implications of the concepts and processes presented in the text, giving you a first-hand view of the mechanisms at work inside this expanding illegal market. Trade-based money laundering uses trade to convert large quantities of illicit cash into less conspicuous assets or commodities to evade financial transparency laws and regulations. As an ideal funding mechanism for terrorist groups, the practice is getting more attention even as it increases in scale and spread. This book takes you deep inside TBML to better arm you against its occurrence. Learn the typical value transfer techniques of TBML Examine case studies detailing international examples Discover why institutions have failed to implement detection systems Explore ways in which analytics can identify TBML According to the U.S. State Department, TBML has reached staggering proportions in recent years, and is considered by many to be the next frontier of international money laundering enforcement. Trade-Based Money Laundering gives you a battle plan, with expert insight and real-world guidance.

Estimating Illicit Financial Flows
Estimating Illicit Financial Flows

Author: Alex Cobham

Publisher: Oxford University Press

Published: 2020

Total Pages: 224

ISBN-13: 0198854412

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Illicit financial flows constitute a global phenomenon of massive but uncertain scale, which erodes government revenues and drives corruption in countries rich and poor. This book offers a critical examination of existing data and methodologies, identifying the most promising avenues for future improvement.

Anti-Money Laundering in a Nutshell
Anti-Money Laundering in a Nutshell

Author: Kevin Sullivan

Publisher: Apress

Published: 2015-07-14

Total Pages: 190

ISBN-13: 1430261617

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Anti–Money Laundering in a Nutshellis a concise, accessible, and practical guide to compliance with anti–money laundering law for financial professionals, corporate investigators, business managers, and all personnel of financial institutions who are required, under penalty of hefty fines, to get anti–money laundering training. Money laundering is endemic. As much as 5 percent of global GDP ($3.6 trillion) is laundered by criminals each year. It’s no wonder that every financial institution in the United States—including banks, credit card companies, insurers, securities brokerages, private funds, and money service businesses—must comply with complex examination, training, and reporting requirements mandated by a welter of federal anti–money laundering (AML) laws. Ignorance of crime is no excuse before the law. Financial institutions and businesses that unknowingly serve as conduits for money laundering are no less liable to prosecution and fines than those that condone or abet it. In Anti–Money Laundering in a Nutshell: Awareness and Compliance for Financial Personnel and Business Managers, Kevin Sullivan draws on a distinguished career as an AML agent and consultant to teach personnel in financial institutions what money laundering is, who does it, how they do it, how to prevent it, how to detect it, and how to report it in compliance with federal law. He traces the dynamic interplay among employees, regulatory examiners, compliance officers, fraud and forensic accountants and technologists, criminal investigators, and prosecutors in following up on reports, catching launderers, and protecting the integrity and reputations of financial institutions and businesses. In particular, corporate investigators will gain rich insights winnowed from the author's experiences as a New York State and federal investigator.

World Development Report 2017
World Development Report 2017

Author: World Bank Group

Publisher: World Bank Publications

Published: 2017-01-23

Total Pages: 605

ISBN-13: 1464809518

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Why are carefully designed, sensible policies too often not adopted or implemented? When they are, why do they often fail to generate development outcomes such as security, growth, and equity? And why do some bad policies endure? World Development Report 2017: Governance and the Law addresses these fundamental questions, which are at the heart of development. Policy making and policy implementation do not occur in a vacuum. Rather, they take place in complex political and social settings, in which individuals and groups with unequal power interact within changing rules as they pursue conflicting interests. The process of these interactions is what this Report calls governance, and the space in which these interactions take place, the policy arena. The capacity of actors to commit and their willingness to cooperate and coordinate to achieve socially desirable goals are what matter for effectiveness. However, who bargains, who is excluded, and what barriers block entry to the policy arena determine the selection and implementation of policies and, consequently, their impact on development outcomes. Exclusion, capture, and clientelism are manifestations of power asymmetries that lead to failures to achieve security, growth, and equity. The distribution of power in society is partly determined by history. Yet, there is room for positive change. This Report reveals that governance can mitigate, even overcome, power asymmetries to bring about more effective policy interventions that achieve sustainable improvements in security, growth, and equity. This happens by shifting the incentives of those with power, reshaping their preferences in favor of good outcomes, and taking into account the interests of previously excluded participants. These changes can come about through bargains among elites and greater citizen engagement, as well as by international actors supporting rules that strengthen coalitions for reform.

On the Trail of Terror Finance
On the Trail of Terror Finance

Author: John Cassara

Publisher: Red Cell Ig

Published: 2010-09-01

Total Pages: 272

ISBN-13: 9780984174737

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It is an axiom within the U.S. law enforcement and intelligence communities that "following the money" is the key to disrupting and dismantling criminal organizations. The same is true when it comes to terrorist networks. Officials in the United States and abroad now realize that fighting terrorism financing (and its corollary, money laundering) is one of the best ways to prevent future catastrophic attacks. As a new generation of public servants learns the ropes and begins to contribute to the war on terror, the proven tactic of following money trails will become more central than ever. At the same time, this task is becoming increasingly complex due to our adversaries' skill in avoiding traditional financial countermeasures. Law enforcement and intelligence officials must learn to understand the sometimes obscure methodologies that terrorist organizations use to raise, move, and store money-whether these activities stem from the Usama bin Ladens of the world, rogue regimes like Iran and North Korea, or members of Hizbollah, Hamas, or a host of other like-minded organizations.

Illicit Financial Flows & Worldwide Money Laundering Practices
Illicit Financial Flows & Worldwide Money Laundering Practices

Author: Km Cook

Publisher:

Published: 2021-03-29

Total Pages: 192

ISBN-13:

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Book Description: Discover The World Of Money Laundering And Financial Crimes!Are you interested in learning more about white-collar crimes and business frauds?Do you want to understand how money laundering works and which are the most common practices?Are you a small business owner and need to know how to prevent corporate crimes in your company?Introducing K.M. Cook's "Illicit Financial Flows & Worldwide Money Laundering Practices - White Collar Crimes In 2021" - An Eye-Opening Money Book Including Useful Information About Illegal Money And Finance Activities!If you are reading this, you have probably read online or heard on the news talking about white and blue-collar crimes, corporate crimes, or anti money laundering and wish to learn more about what they mean and how to protect your business from similar illegal practices.Now You Can!In this enlightening finance book, the author will introduce you to the universe of illicit financial flows. The money book focuses on money laundering practices explaining how people try to legalize money collected from drug dealing, human trafficking, extortions, blackmail, or other white-collar crimes.Through nine chapters referring to business crimes, commodities and advertising frauds, company investigations, and many more subjects, this easy-to-read book will help you understand the dangers hidden in the financial industry and take the proper precautions to avoid dealing with such issues.By the end of this comprehensive book, you will be able to: ✅ Access Basic Information About Money Laundering, Including Its Stages And Risks, And Why It Is So Hard To Deal With These Practices✅ Learn What Is International Money Laundering And Anti money Laundering✅ Understand The Differences Between White And Blue Collar Crimes And How White Collar Individuals Can Commit Blue Collar Crimes✅ Find Out How To Protect Yourself From Corporate Crime And How To Prevent Such Activities In Small Businesses✅ Learn More About Common Business Frauds And How To Identify And Control ThemAnd That's Not All!This financial book will also provide insight into the economic and social consequences of money laundering on today's society. Including categories and examples of business crimes and information about tax evasion and its connection to money laundering, the author will offer you a better picture of money crimes and their impact on the world."I Have Never Read Any Money Books Before. Will I Be Able To Keep Up With This One?"Yes! You will get a better understanding of financial crimes, especially those concerning money laundering. Plus, you will gain valuable knowledge of controlling your business, so you do not have to face a similar situation.What Are You Waiting For?Scroll Up, click "BUY NOW," And Invest In Yourself And Your Business Today!

Global Shell Games
Global Shell Games

Author: Michael G. Findley

Publisher: Cambridge University Press

Published: 2014-01-23

Total Pages: 275

ISBN-13: 110704314X

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Every year a staggering number of corporate service providers mask perpetrators of terrorist financing, corruption and illegal arms trades, but the degree to which firms flout global identification standards remains unknown. This book sheds new light on the sordid world of anonymous shell corporations through a series of field experiments.

Draining development?
Draining development?

Author: Peter Reuter

Publisher: World Bank Publications

Published: 2012-02-01

Total Pages: 553

ISBN-13: 0821389327

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A growing concern among those interested in economic development is the realization that hundreds of billions of dollars are illicitly flowing out of developing countries to tax havens and other financial centers in the developed world. This volume assesses the dynamics of these flows, much of which is from corruption and tax evasion.