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...

To improve the laundering durability of the silver functionalized antibacterial cotton fabrics, a radiation-induced coincident reduction and graft polymerization is reported herein where a pomegranate-shaped silver nanoparticle aggregations up to 500 nm can be formed due to the coordination forces between amino group and silver and the wrapping procedure originated from the coincident growth of...

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...

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 ...

Economic development and globalization of international markets have created a favourable atmosphere for the emergence of new forms of crime such as money laundering or financing of terrorism, which may contribute to destabilized and damage economic systems. In particular, money laundering have acquired great importance since the 11S attacks, what has caused on the one hand, the establishment a...

Money laundering is a critical step in the cyber crime process which is experiencing some changes as hackers and their criminal colleagues continually alter and optimize payment mechanisms. Conducting quantitative research on underground laundering activity poses an inherent challenge: Bad guys and their banks don’t share information on criminal pursuits. However, by analyzing forums, we have i...

The growth of internet technology opens the gate for money laundering where the internet user can easily transfer enormous amount to any suspicious account in the world. The user need no confirmation or approval from the destination account holder and can transfer the amounts instantly which can travel through set of account and become untraceable at the end. There exist many approaches but suf...