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date: 27 November 2021

Abstract and Keywords

Money laundering is a very modern crime created by the late twentieth-century state to enlist the financial sector in its search of the proceeds of crime and prevention of career criminality, particularly transnational crime. This article presents examples that illustrate the variety of methods available and kind of persons involved, along with some classifications. It discusses the relationship of money laundering to corruption control and analyzes the effects of anti-money laundering controls. It provides a brief assessment of the consequences of the control system. A broad and intrusive set of controls has been erected to prevent money laundering. The system generates substantial crime or corruption control benefits which must be high on the agenda of the relevant policy-making community.

Keywords: money laundering, crime, corruption control, control system, policy-making community

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