Emerging Money Laundering Methods: The Impact on Criminal Offenders and the Role of Enablers

Session Submission Type: Complete Thematic Panel

Abstract/Description

Despite "cash is still king" in most money laundering (ML) schemes, as continuously highlighted by everyday crime investigations and suspicious transaction reports, new ML typologies and modi operandi are emerging. These do not only expand the array of laundering opportunities for criminals, but also have an impact on the same predicate offence, on the nature of the offenders, and on the role of their facilitators. This panel addresses three emerging, and still understudied, money laundering schemes: false invoicing, insolvency proceedings and cryptocurrencies/crypto assets. It discusses their risks, the behavior of criminals and of enablers, and the policy and legal implications which stem from these emerging threats.

Sub Unit

• Area III. Types of Offending / 19. White Collar and Corporate Crime

Individual Presentations

• Behind Closed Books: An Investigation of Money Laundering in Insolvency Proceedings - Ilaria Zavoli, University of Leeds (UK); Oriana Casasola, University of Leeds (UK)

• How Criminals Get Away with It: Lessons from the Darknet on Money Laundering via Cryptocurrencies - Mirko Nazzari, University of Sassari

• Money Laundering-as-a-Service: An Empirical Analysis on False Invoicing Providers - Michele Riccardi, Transcrime - Università Cattolica del Sacro Cuore

Chair

• Michele Riccardi, Transcrime - Università Cattolica del Sacro Cuore

Discussant

• Peter Reuter, University of Maryland

Organized by a Division or external group?

Money Laundering Research Network