The money laundering market : regulating the criminal economy /
edited by Killian McCarthy.
- Newcastle upon Tyne, UK : Agenda Publishing, 2018.
- viii, 224 p. : ill., maps.
Includes bibliographical references and index.
An introduction to the challenges of money laundering / Svenja Berg and Killian J. McCarthy -- Who runs the laundry / Killian J. McCarthy -- Money laundering regulation in the European Union / Leonardo Borlini and Franne Jelske Anema -- The shadow banking system / Ulrich Andreas Zanconato -- Money laundering, sports betting and gambling / Pim Verschuuren -- Bitcoin and money laundering: mining for an effective solution / Danton Bryans and Franne Jelske Anema -- Cryptocurrency, blockchain and crime / Lennart Ante -- Using blockchain technology for the prevention of criminal activity / Fred Steinmetz.
An estimated $3.5 trillion passes through the market for money laundering annually. This represents 80% of the world's illegal income. By 'cleaning' the ill-gotten gains of the criminal economy, money launderers keep crime profitable and illegal activities, including terrorist organizations, funded. Most countries have adopted anti-money laundering measures, but their implementation in a globalized world is patchy, and incentives to tackle this illegal activity vary widely from one location to another. This volume takes an integrated look at money laundering, by considering the laws, the launderers, and the new economics of money laundering in the digital age.