Purpose – As determined by the Financial Action Task Force, trade‐based money laundering (TBML) has become one of the three major money laundering methods used today. However, there has been very limited acknowledgment of the risk and counter‐measures against TBML until recently. This is...

Purpose This paper aims to reviews the literature on applying visualization techniques to detect credit card fraud (CCF) and suspicious money laundering transactions. Design/methodology/approach In surveying the literature on visual fraud detection in these two domains, this paper reviews: the...

Purpose – The paper aims to highlight the relationship between money laundering and banking confidentiality in offshore financial centres – particularly following the recent publicity and BBC expose surrounding the criminal use of offshore financial centres. It proposes that there has long...

Purpose – The purpose of this paper is to analyze banking secrecy laws against the background of the Malaysian anti-money laundering laws. It has been argued that the anti-money laundering law makes greater inroads into the banking secrecy rule when compared to the common law or other...

Purpose – The paper seeks to share the money laundering threats that ensue from current patterns in international criminal activity and the anti‐money laundering compliance work that is put up at the Malta Stock Exchange (MSE). Design/methodology/approach – The paper sets out by sketching...

Purpose – A measure of how much money is laundered is required to determine the effectiveness of any anti-money laundering regime and the reduction of money laundering in targeted areas. In the absence of useful estimates, authorities need to look at the best quality data available to arrive...

Purpose The purpose of this paper is to understand the financial opaqueness established through offshore businesses and financial secrecy through the requirements of information exchanges, and their deadly combination for facilitating money-laundering activities and tax evasion. It also puts...

Discusses Taiwan’s achievements in combating money laundering. Outlines the criminal justice system and the 1996 Money Laundering Control Act (MLCA(, which covers the seizure and forfeiture of criminal proceeds and established a framework for Taiwan’s international cooperation in this area....

Focuses on the work of Canada’s Office of the Superintendent of Financial Institutions (OSFI( in relation to international cooperation against money laundering and terrorism. Outlines Canada’s international obligations to the Financial Action Task Force, International Monetary Fund, United...

Argues that confiscation of criminals’ assets is an effective and justifiable way of depriving them of the proceeds of crimes such as drug trafficking. Describes the challenges facing confiscation and the reasons why there has so far been only modest success in this. Refers to legal cases in...