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Compliance in international logistics' finance : anti-money laundering and know-your-customer

Oldenburg, Dorle Katharina; Ostendorf, Thomas - In: Vierteljahreshefte zur Arbeits- und … 2 (2025) 2, pp. 223-248

countries or goods. Banks and other financial enterprises thus need risk management and mitigation processes to stop illegal … are therefore not easily accessible resources for banks fighting money laundering. This paper discusses the current state … of the art in anti-money laundering, mandatory know-your-customer screenings and its challenges in German banks involved …

Persistent link: https://www.econbiz.de/10015395730

The structure of drug trafficking organizations and money laundering practices : a risk appetite hypothesis

Farfán-Méndez, Cecilia - In: Journal of illicit economies and development : JIED 1 (2019) 3, pp. 294-311

Scholarly and policy literature has yet to provide a systematic analysis on how criminal organizations launder money beyond descriptions of who conducts this illegal activity and the existing types and practices for laundering the proceeds of crime. This article seeks to bridge the divide of two...

Persistent link: https://www.econbiz.de/10012261454

The tale of the Baltics : experiences, challenges, and lessons from reforming their national Financial Intelligence Units (FIUs)

McNaughton, Katarzyna J. - In: Journal of economic criminology 5 (2024), pp. 1-14

The banking sector of three Baltic countries, i.e., Lithuania, Latvia and Estonia, was abused by money laundering scandals between 2018 and 2020. The Danske Bank scandal was the largest one and, combined with the other scandals, inevitably triggered a heavy critique of national anti-money...

Persistent link: https://www.econbiz.de/10015396840

Factors influencing the choice of technique to launder funds : the APPT framework

Tiwari, Milind; Ferrill, Jamie; Gepp, Adrian; Kumar, Kuldeep - In: Journal of economic criminology 1 (2023), pp. 1-11

This paper proposes a new framework to provide insights into the techniques launderers adopt to clean illicit funds, drawing on existing literature and theories including rational choice, public value, structural coupling, and stakeholder. The proposed APPT framework is named after four factors...

Persistent link: https://www.econbiz.de/10014517077

Food crime : an often-ignored money laundering typology and a predicate crime

Tiwari, Milind - In: Journal of economic criminology 2 (2023), pp. 1-5

Food crimes, including adulteration, poisoning, mislabelling, and misrepresentation of information, have cost billions in the global food industry. The coronavirus (COVID-19) pandemic has highlighted the weaknesses of the food supply chain. Unfortunately, such weaknesses are exploited by actors...

Persistent link: https://www.econbiz.de/10014517125

The influence of internal audit, risk management, whistleblowing system and big data analytics on the financial crime behavior prevention

Putra, Iwan; Sulistiyo, Urip; Arum, Enggar Diah Puspa; … - In: Cogent economics & finance 10 (2022) 1, pp. 1-27

This study provides a critical review of the literature that examines and analyses how Fraud Prevention mediates the Effect of Internal Audit, Risk Management, Whistle Blowing System and Big Data Analytics on the Prevention of Financial Crime Behaviour. The problem discussed in this study is the...

Persistent link: https://www.econbiz.de/10014500409

An innovative approach to evaluate the effectiveness of combating money laundering

Juhaszova, Zuzana; Boyko, Anton; Bozhenko, Victoria; … - In: Marketing i menedžment innovacij : m&mi 14 (2023) 2, pp. 227-235

Persistent link: https://www.econbiz.de/10014374231

The impact of the development of society on economic and financial crime : case study for European Union member states

Achim, Monica Violeta; Vaidean, Viorela Ligia; Borlea, … - In: Risks : open access journal 9 (2021) 5, pp. 1-20

Economic and financial crime is closely related to the changes and the development of societies. In this paper, we question whether the types of economic and financial crimes change as the society develops or not. For our purpose, we use the sample of 27 European Union member countries, for the...

Persistent link: https://www.econbiz.de/10012597050

The effect of corporate governance structure on fraud and money laundering

Mousavi, Maryam; Zimon, Grzegorz; Salehi, Mahdi; … - In: Risks : open access journal 10 (2022) 9, pp. 1-25

This paper aims to assess the effect of corporate governance mechanisms, including board members’ and audit committee members’ characteristics, particularly their independence, expertise in terms of finance and industry and efforts on the level of fraud and money laundering (ML) in financial...

Persistent link: https://www.econbiz.de/10013368981

The effect of corporate governance structure on fraud and money laundering

Mousavi, Maryam; Zimon, Grzegorz; Salehi, Mahdi; … - In: Risks : open access journal 10 (2022) 9, pp. 1-25

This paper aims to assess the effect of corporate governance mechanisms, including board members' and audit committee members' characteristics, particularly their independence, expertise in terms of finance and industry and efforts on the level of fraud and money laundering (ML) in financial...

Persistent link: https://www.econbiz.de/10013473179