Money laundering—a global obstacle |
| |
| Authors: | Bonnie Buchanan |
| |
| Institution: | a Terry College of Business, Department of Banking and Finance, University of Georgia, Athens GA, 30606, USA;b University of Melbourne, Faculty of Economics and Commerce, Department of Finance, Parkville, Victoria 3000, Australia |
| |
| Abstract: | 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 investigate and prosecute. In this paper, I present a clinical examination of the money laundering process, the international extent of the problem and global efforts to introduce anti-money laundering measures and regulation in recent years. |
| |
| Keywords: | Money laundering Financial crime Corruption |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
