Access the full text.
Sign up today, get DeepDyve free for 14 days.
Arya Hariharan (2012)
Hawala's Charm: What Banks Can Learn From Informal Funds Transfer SystemsWilliam & Mary Business Law Review, 3
M. Bradley (2020)
The International Organization for Migration
J. Harvey (2011)
Asset Recovery : substantive or symbolic?
Michelle Dromgold (2016)
Understanding Migration Management and its Impact on Syrian Refugees in Turkey
P. Liargovas, S. Repousis (2011)
Underground banking or hawala and Greece‐Albania remittance corridorJournal of Money Laundering Control, 14
(2017)
Refoulment
(2005)
Formalising the informal? Problems in the national and international regulation of hawala
(2014)
Civil forfeiture of criminal assets in Bulgaria
Yee-Kuang Heng, Kenneth McDonagh (2014)
Financial Action Task Force
C. Bowers (2009)
Hawala, Money Laundering, and Terrorism Finance: Micro-Lending as an End to Illicit Remittance, 37
T. Baird (2014)
Human smuggling and violence in the east MediterraneanInternational Journal of Migration, Health and Social Care, 10
Martyn Bridges (1997)
Taking the Profit out of CrimeJournal of Money Laundering Control, 1
J. Salt (2000)
Trafficking and Human Smuggling: A European PerspectiveInternational Migration, 38
(2001)
Nature of money laundering: dirty and hot money
Anne Gallagher (2016)
Human Rights and Human Trafficking
Colin King, C. Walker (2014)
Chapter One - Dirty Assets: Emerging Issues in the Regulation of Criminal and Terrorist Assets
Niels Frenzen, A. Nollkaemper, I. Plakokefalos, Jessica Schechinger (2017)
Extraterritorial Refugee Protection
(2005)
Work of the IMF in informal funds transfer systems
(2014)
Corruption, the UN convention against corruption (UNCAC), and asset recovery
Paolo Campana (2017)
The Market for Human Smuggling into Europe: A Macro PerspectivePolicing: A Journal of Policy and Practice, 11
N. Hendriyetty, B. Grewal (2017)
Macroeconomics of money laundering: Effects and measurementsJournal of Financial Crime, 24
K. Koser (2000)
Asylum Policies, Trafficking and VulnerabilityInternational Migration, 38
S. Carrera, E. Guild (2016)
Migrant Smuggling In The Eu. What Do The Facts Tell Us
M. Borgers, Vu (2014)
Confiscation of the Proceeds of Crime: The European Union Framework
Managing migration through legitimacy? Alternatives to the criminalisation of unauthorised migration
(2015)
Why is cash still king? A strategic report on the use of cash by criminal groups as a facilitator for money launderingTrends in Organized Crime, 18
(1996)
Unaccountable funds and underground banking: an Indian perspective and University of London
PurposeThe purpose of this paper is to draw attention to the effect of the growing informal financial sector (IFS) on the effectiveness of anti-criminal finance laws. Specifically, the growth of the IFS has been brought on by the unprecedented rise in refugee and migrant movement around the world. This paper will focus on how refugee smuggling in the Eastern Mediterranean and Western Balkan region – and the consequent rise of the IFS – has affected the suitability of apply anti-money laundering and financial action task force frameworks in these countries.Design/methodology/approachIt assesses the effectiveness of national and international legal documents on anti-criminal finance. It also uses data sets and analyses secondary and primary sources to estimate the size and importance of the IFS.FindingsThe exponential and rapid growth of the IFS has undermined efforts to prevent the financing of trafficking, terrorism, corruption and money-laundering. The present legal devices to address criminal finance has been wholly inadequate and counter-productive.Research limitations/implicationsThere are limited reliable or accurate data available on the IFS, how much money goes through it or how important it is to criminal activities such as money laundering or terrorist finance. Without field-research, this study remains exploratory.Practical implicationsThe growth of the IFS and migratory movement is a complex dilemma that must be accounted for when seeking to truly improve anti-criminal finance laws, especially in developing and transition countries.Originality/valueThis paper demonstrates the importance of considering the IFS and migratory and refugee movements in creating legal instruments to combat financial crime. It also suggests a direction for future research.
Journal of Money Laundering Control – Emerald Publishing
Published: Jul 2, 2019
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.