Money laundering from a variety of criminal markets: the role of offenders and of intermediaries

Session Submission Type: Pre-arranged Panel

Abstract

When observed from the prevention side, money laundering is often conceptualized as a unique and indistinct offence. However, when we take the perspective of offenders – both intended as the individuals involved in predicate crimes, and their enablers and intermediaries – differences emerge in terms of schemes employed, modi operandi, volume and nature of the money involved, and also in terms of policy and legal implications. This panel looks at the money laundering (and anti-money laundering) implications of a wide variety of predicate crimes and illicit markets: online fraud, human trafficking, drug trafficking, environmental crime, high level corruption and illegal gambling. While some papers focus on examining the different money laundering strategies employed by different types of offenders, others look at the role of intermediaries and enablers. Finally, figures about the monetary size of selected criminal markets will also be presented.

Subtopic

• Topic 2: Types of Offending / White collar Crime, Organizational Crime, Corporate Crime, Financial Crime (EUROC)

Chair

• Mike Levi, School of Social Sciences, Cardiff University

Individual Presentations

• You will know them by their fruits: what suspicious transactions say about online fraudsters, human and drug traffickers - Melvin Soudijn, National Police of the Netherlands (KLPD)

• Following the money of environmental crime: the role of banks in financing illegal rainforest destruction - Lucia M. Sommerer, University of Halle (Germany) & Yale Law School (USA)

• Money dirtying and money laundering of high-level corruption: transnational financial flows and satellite jurisdictions - Giorgia Cascone, Transcrime - Università Cattolica del Sacro Cuore; Giovanni Nicolazzo, Transcrime - Università Cattolica del Sacro Cuore; Caterina Paternoster, Università Bocconi; Michele Riccardi, Transcrime - Università Cattolica del Sacro Cuore

• Developing a Predictive Model to Estimate the Size of Illegal Gambling Markets - Julien Chopin, Université de Lausanne; Lucas Tosi Rodriguez, Université de Lausanne; Stefano Caneppele, University of Lausanne