1. What is Money Laundering? -- 2. Methods of Money Laundering -- 3. Federal Regulations -- 4. Building a Quality AML Program for Financial Institutions -- 5. Know Your Customer and Customer Identification Program -- 6. A SAR Is Born -- 7. Money Laundering for Law Enforcement -- 8. International...

We estimate a structural model of borrowing and lending in the illegal money lending market using a unique panel survey of 1,090 borrowers taking out 11,032 loans from loan sharks. We use the model to evaluate the welfare effects of alternative law enforcement strategies. We find that a large...

In case of digital goods such like music, intellectual property rights are typically not exerted by the creators (artists) but by intermediaries. Their profits, and therefore also the income of the artists, are endangered by copyright infringements (piracy). It is well known from static welfare...