Abstract
Purpose– The purpose of this paper is to explore typologies as well as emerging trends and threats in money laundering. Design/methodology/approach– Recent trends and emerging threats in money laundering are discussed, both in terms of predicate activities (drugs, fraud) and in terms of techniques/typologies. Findings– It is found that the challenges and risks posed by money laundering to financial systems and to the rule of law persist. Research limitations/implications– Understanding evolving and emerging typologies and techniques is necessary to address money laundering challenges. Practical implications– Considerable resources are applied by regulators and the regulated to anti-money laundering systems; this paper provides a measure by which the robustness of those systems can be examined. Originality/value– This paper provides a succinct but comprehensive overview of the current state of money laundering, as well as a look at emerging threats.
Purpose– The purpose of this paper is to explore typologies as well as emerging trends and threats in money laundering. Design/methodology/approach– Recent trends and emerging threats in money laundering are discussed, both in terms of predicate activities (drugs, fraud) and in terms of techniques/typologies. Findings– It is found that the challenges and risks posed by money laundering to financial systems and to the rule of law persist. Research limitations/implications– Understanding evolving and emerging typologies and techniques is necessary to address money laundering challenges. Practical implications– Considerable resources are applied by regulators and the regulated to anti-money laundering systems; this paper provides a measure by which the robustness of those systems can be examined. Originality/value– This paper provides a succinct but comprehensive overview of the current state of money laundering, as well as a look at emerging threats.