Purpose – The purpose of this paper is to study the impact of terrorist actions and money laundering on capital accumulation and consumption. Design/methodology/approach – The paper builds a general equilibrium model that considers the existence of two representative agents: a terrorist and...

Purpose – To assess the efficiency of the anti‐money laundering regulation by using an incentive‐based approach. Design/methodology/approach – It is designed a mechanism in which competent authority is the principal and the financial institutions are the agents. Findings – The analysis...

Purpose – The purpose of this paper is to show that an evolutionary approach to combat money laundering can shed new lights on this matter. Design/methodology/approach – An evolutionary game between financial institutions and employees is assumed in which the decisions of the banks and...

In this paper the efficiency of the confiscation as a tool against organized crime is studied by using a general equilibrium model that considers the existence of a representative criminal organization that generates profits that need to be laundered. The main result of the paper shows that if...