Outlines a modelling approach which gives a powerful conceptual tool for both fact‐finding and problem‐solving, with the objective of defeating organised crime by prediction and prevention. Indicates all aspects that can give useful information about the financial system’s functioning;...

Purpose – The purpose of this paper is to investigate Financial Action Task Force (FATF)'s risk‐based guidance to combat money laundering and terrorist financing to determine its approach to the identification and management of low‐risk providers, products and transactions....

Purpose – The purpose of this paper is to identify key questions that should be addressed to enable the Financial Action Task Force (FATF) to provide guidance regarding the alignment of anti‐money laundering, combating of financing of terror and financial inclusion objectives....

Purpose Money laundering poses significant challenges for policymakers and law-enforcement authorities. The money-laundering phenomenon is often acknowledged as a type of “serious and organised crime” yet has traditionally been described as a complicated three-stage process, involving the...

Purpose – Money laundering is a financial crime that does not directly affect a business but poses a serious threat to a nation's stability and security. The Australian Anti‐money Laundering and Counter Terrorism Financing Act (AML/CTF Act – the Act) passed into law in 2006, but achieving...

Comments on the use of the term “predicate offence”, which is American in origin but has crept into common UK and wider usage; it can be confusing. Traces the origin of the term: a predicate offence is the underlying criminal offence that gave rise to criminal proceeds which are the subject...

Describes a new form of money laundering which does not involve proceeds of past crimes but clean money intended to be used to commit future crimes. Adduces the financing of terrorism as the obvious example: the cash for the attacks of September 11 may have been clean, but the purpose was...

Defines predicate‐based offences as derivative offences, ie offences like money laundering that depend on the existence of others. Examines gambling as a rational choice social activity, estimates the scale of the industry with regard to its revenues and social costs, and considers whether it...

Introduces the use of account activity relative to client peer groups as a means of identifying unusual behaviour, as part of money laundering detection; assumptions can be made about what constitutes normal transactional behaviour for an individual, so that deviations from this can generate...

Describes some aspects of money laundering through the lens of systems terminology. Claims that this approach can give insights beyond those of the conventional “linear” methodologies, and gives the American dominance of the Financial Action Task Force as an example. Sees money laundering...