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The Money Laundering Market
Regulating the Criminal Economy

Edited by Killian J. McCarthy

Hardback
£65.00 | $90.00
ISBN 9781911116431
e-book
£65.00 | $90.00
ISBN 9781911116448
288 pages | 234 x 156mm | December 2017
 

Description

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 globalised 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.


Contents

1. Introduction
Svenja Berg, University of Groningen

Part I: The Market
2. The Money Laundering Market
Killian J. McCarthy, University of Groningen

3. The Money Launderer
Killian J. McCarthy, University of Groningen

Part II: Current Regulation
4. Money Laundering Regulation in Europe
Leonardo Borlini, Bocconi University

5. Money Laundering Regulation in China
Xu Tang, People's Bank of China

6. International ML Regulation and National Compliance
Odhran McCarthy & Jayant Sangwan, United Nations

Part III: Weak Links in the Anti-Money Laundering Chain
7. Jurisdictional Secrecy
Markus Meinzer, Tax Justice Network, Germany

8. The Shadow Banking System
Ulrich Andreas Zanconato, Credit Suisse, London

9. Betting and Gambling
Pim Verschuuren, Institut de Relations Internationales, France

10. Bitcoins and the Digital Economy
Danton Bryans, Brannon Sowers and Cracraft, USA

11. Conclusion
Killian J. McCarthy, University of Groningen


Author Information

Killian J. McCarthy is Assistant Professor in the Department of Strategy and Innovation Management at the University of Groningen. He teaches and researches in the economics of strategy, innovation and organisation. He is co-editor of Understanding Mergers and Acquisitions in the Twenty-First Century (2012) and The Nature of the New Firm (2011).

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