The International Markets of Money Laundering and of Anti-Money Laundering

Session Submission Type: Complete Thematic Panel

Abstract/Description

Both money laundering (ML) and anti-money laundering (AML) can be seen as markets, with their own actors, service providers, intermediaries, market makers, and market breakers. This panel aims to offer new insights on both ML and AML, read through an international perspective. Ferwerda makes an economic analysis of the demand and supply of money laundering services in the context of illegal enterprise theory. Reuter and Nazzari discuss the success (or failure) of the international AML system, but also the positive externalities on other AML market actors, namely enforcement and investigative agencies. Azinge-Egbiri discusses the impact on developing countries of the risk based approach (RBA) which inspires the global AML regime, while finally Levi will act as discussant.

Sub Unit

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

Individual Presentations

• The Façade of Flexibility: Reframing the Debate of Lawyers Dilemma in Combatting Money Laundering in Developing Countries - Nkechikwu Valerie Azinge-Egbiri, Law School, Lancaster University (UK)

• How Well Does the Money Laundering Control System Work? - Mirko Nazzari, University of Sassari; Peter Reuter, University of Maryland

• The Money Laundering Market - Joras Ferwerda, Utrecht University

Chair

• Peter Reuter, University of Maryland

Discussant

• Michael Levi, Cardiff University, Wales, UK

Organized by a Division or external group?

Money Laundering Research Network