Insights into Money Laundering: Financial Facilitators, Intelligence Sharing and Pricing Dynamics

Session Submission Type: Complete Thematic Panel

Abstract/Description

The panel presents three distinct studies shedding light on various aspects of money laundering activities and the mechanisms employed to combat them. Employing a diverse range of research methodologies and analytical approaches, the studies delve into the complex mechanisms and practices underlying financial facilitation in laundering drug money, intelligence sharing for combating money laundering, and pricing dynamics of money laundering services. The first study delves into the operations of financial facilitators within drug trafficking networks, exploring their business-like conduct and collaborative endeavors. The second paper explores the landscape of information and intelligence sharing within the UK's AML (Anti-Money Laundering) regime and compares it with the US regime, offering a nuanced framework to evaluate the spectrum of data sharing practices. Lastly, the third study investigates the pricing dynamics of money laundering services in the United States, using empirical data from multiple criminal cases. Collectively, these studies contribute to a deeper understanding of the complex interplay between illicit financial activities and regulatory interventions, providing valuable insights for policymakers, practitioners, and researchers alike.

Sub Unit

• Area III. Types of Offending / 17. White Collar and Corporate Crime

Individual Presentations

• From Trafficking to Tidying: Exploring the Activities of Financial Facilitators in Laundering Drug Money - Jo-Anne Kramer, Vrije Universiteit Amsterdam / Netherlands Institute for the Study of Crime and Law Enforcement (NSCR); Edward Kleemans, Vrije Universiteit Amsterdam; Melvin Soudijn, Police of the Netherlands; Arjan Blokland, Leiden University / NSCR

• Dare to Share: Information and Intelligence Sharing within the UK’s Anti-Money Laundering Regime - Diana Bociga, University of Manchester; Nicholas Lord, University of Manchester; Elisa Bellotti, University of Manchester

• Behind Closed Doors: Exploring the Price Dynamics in the Illicit Market of Money Laundering as a Service in the United States - Mirko Nazzari, University of Sassari

Discussant

• Peter Reuter, University of Maryland, College Park