Purpose The purpose of this paper is to define and characterize peculiarities of countering the legalization of criminal income with the help of virtual assets. Design/methodology/approach The analysis of the legislative delineation and the realities of the practical implementation of the...

Purpose This study aims to assess the relationship between intellectual and social capital and financial statement fraud and money laundering of Iraqi firms before and after the emergence of the Islamic State of Iraq and Syria (ISIS). In other words, this paper seeks to answer the question of...

Purpose This study aims to investigate the Federal Government’s failure to combat money laundering and terrorism financing and the various hurdles to enforce the Money Laundering (Prohibition) Act, 2012 (as amended), effectively, which prohibits illegal earnings criminally induced investments...

Purpose This study aims to explore the perception of the compliance officers of the Pakistani financial sector towards the placement of Pakistan on the grey list by the Financial Action Task Force (FATF). Design/methodology/approach To achieve this objective, the study adopted a qualitative...

Purpose Banditry and terrorism constitute serious security risks in Nigeria. This follows the fact that Nigeria is rated as one of the leading states in the world that is plagued by terrorism. Terrorists and bandits usually embark on predicate crimes such as kidnapping, smuggling, narcotics...

Begins with the response of the Bush administration to the terrorist attacks of September 11, including the establishment of the Foreign Terrorist Asset Tracking Centre and the passing of the PATRIOT Act, and moves on to the reaction of the global community: condemnation by the United Nations,...

Explains why and how lawyers become involved in money laundering schemes. Describes three recent cases of UK solicitors convicted for money laundering ‐ Denis Jebb, Louis Glatt and Noel Horner ‐ and notes that US lawyers are convicted more often than in the UK; this is possibly because in...

Reports a study by the Centre for the Study of Economic Crime at Rand Afrikaans University into the characteristics of money laundering schemes in South Africa; these were discussed at a workshop on December 5 2001. Outlines the 1998 Proceeds of Crime Act (POCA), the 1992 Drugs and Drug...

Notes that Islamic banking is gaining momentum, with over 200 Islamic financial institutions; money laundering is one of many threats to it. Indicates the principle in Islam of bank secrecy and confidentiality, listing the exceptions to this principle: the public interest, when individual rights...

Reviews current laws and regulations: predicate offences, cross‐border currency exchange, anonymous accounts, reporting information and confiscation regime. Moves on to domestic bureaucratic structures and responsibilities: the Anti‐Money Laundering Section, the Hungarian customs authority,...