Money Laundering

Term Paper # 105271

Computer and Technology > Technology
Criminology

Money Laundering

This paper examines money laundering and the scope of this illegal activity.

1,491 words () | 11 sources | MLA | 2008 United States

Paper Summary:

The paper defines money laundering and explores the various methods used by international criminal organizations. The paper looks at how successful law enforcement has been in dealing with this significant problem and concludes that Interpol is failing miserably at curtailing money laundering activities. The paper reveals that criminal organizations are making monstrous profits and, in the case of the Russian Mafia, have powerful allies at the highest reaches of government.

From the Paper:

"Put briefly, money-laundering is the complicated process by which the origins of monies gained through illegal activities are cleverly concealed from law enforcement authorities or from tax auditors. Understandably, it is done to evade the unwanted attention of police and government officials and to evade prosecution for illegal acts. Because of the consequences that come with getting caught, those who engage in money laundering must rely upon a wide array of complex techniques to evade capture - only some of which can be highlighted below."

Sample of Sources Used:

Amantangelo, Gina and Jane Garrido. "Certified Failure." Foreign Policy in Focus. USA: Foreign Policy in Focus, 2003, http://www.fpif.org/commentary/0103cert_body.html (accessed September 20, 2007)
Committee on International Relations, United States Congress. The Threat from International Organized Crime and Global Terrorism. Washington, DC: US Government Printing Office, 1997, http://commdocs.house.gov/committees/intlrel/hfa44990.000/hfa44990_0f.htm (accessed September 20, 2007).
Friedman, Robert I. Red Mafiya. New York: Little, Brown and Company, 2000.
INTERPOL. "About Interpol." INTERPOL. Lyon, France: General Secretariat, INTERPOL, 2002, http://www.interpol.com/Public/Icpo/default.asp (accessed September 20, 2007).
INTERPOL, Convention on Cybercrime (ETS 185): Explanatory Report (2001). Budapest, Hungary: INTERPOL, 2001, http://www.interpol.com/Public/TechnologyCrime/Conferences/6thIntConf/ExplanatoryReport.pdf (accessed September 20, 2007)