Money-Laundering: Pavlov's Dog and Beyond
This article examines the phenomenon of money-laundering as a form of criminal money-management. It elaborates some of the pitfalls of the official approach as set out by the Financial Action Task Force report and the lost opportunities concerning understanding of the cross-border money-flows in north-western Europe. It describes the relationship between crime-money and the upperworld, questions the magnitude of the supposed financial infiltration and gives an example of a positive use of criminal funds. The final section discusses the role of the financial investigator.
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Document Type: Research Article
Affiliations: University of Tilburg, The Netherlands
Publication date: 1998-11-01