although the word of “money laundering” isn’t very old in world literature, but attempted money laundering has a long history a long side with trade and commerce, as it always has been told. money laundering is a process that the incomes of criminal acts enter to the economic cycle and will purify dirty income. therefore, we can say launderers are actually committed two offenses, primaril...

Money laundering is among the most common financial crimes that negatively affect countries' economies and hurt their social and political relations. With the increasing growth of e-banking and the increase in electronic financial transactions, the identification of money laundering methods and behaviors has become more complex; because money launderers, by accessing the Internet and using new ...

Money laundering is a global problem that affects all countries to various degrees. Although, many countries take benefits from money laundering, by accepting the money from laundering but keeping the crime abroad, at the long run, “money laundering attracts crime”. Criminals come to know a country, create networks and eventually also locate their criminal activities there. Most financial insti...

As the result of information technology's development, promoted the tradition payment means enormously to the computerization development advancement. The electronic payment has accelerated the money circulation speed, and has brought the enormous convenience for the modern trade activity. But the electronic payment's characteristics such as invisible, high speed, concealment and so on have pro...

One of the biggest obstacles to maintaining an effective operating international financial system is money laundering. A global phenomenon and international challenge, money laundering is a financial crime that often involves a complex series of transactions and numerous financial institutions across many foreign jurisdictions. In addition, money laundering is also extremely difficult to invest...

Money launderers hide traces of their transactions with the involvement of entities that participate in sophisticated schemes. Money laundering detection requires unraveling concealed connections among multiple but seemingly unrelated human money laundering networks, ties among actors of those schemes, and amounts of funds transferred among those entities. The link among small networks, either ...

Money laundering is a criminal activity to disguise black money as white money. It is a process by which illegal funds and assets are converted into legitimate funds and assets. Money Laundering occurs in three stages: Placement, Layering, and Integration. It leads to various criminal activities like Political corruption, smuggling, financial frauds, etc. In India there is no successful Anti Mo...

This paper uses an exploratory data analysis tool to map countries according to key factors—internet penetration rates, brain drain, efficiency of legal system, and effective tax and financial systems on the incidence of money laundering. Pace setters and laggards in the pervasiveness of money laundering for 88 countries will be identified. The results indicate that pace setters have high devel...