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Money laundering in Canada: a quantitative analysis of Royal Canadian Mounted Police cases

Money laundering in Canada: a quantitative analysis of Royal Canadian Mounted Police cases Analyses how money made from entrepreneurial crime is disbursed through Canada’s legitimate economy; this is one of the first quantitative studies of money laundering using a survey of police cases, and the exclusive source of primary data was the Royal Canadian Mounted Police proceeds of crime files. Finds that drug trafficking is the largest single source of these proceeds, that banks and real estate are the main destinations of the revenues, and that methods used involved hiding their true ownership and source by using nominees and establishing legitimate companies, avoiding suspicion by using “smurfs”, and avoiding reporting requirements by structuring transactions. Describes the design of the research and gives a typology of money laundering operations. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Crime Emerald Publishing

Money laundering in Canada: a quantitative analysis of Royal Canadian Mounted Police cases

Journal of Financial Crime , Volume 11 (3): 10 – Jul 1, 2004

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Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
1359-0790
DOI
10.1108/13590790410809220
Publisher site
See Article on Publisher Site

Abstract

Analyses how money made from entrepreneurial crime is disbursed through Canada’s legitimate economy; this is one of the first quantitative studies of money laundering using a survey of police cases, and the exclusive source of primary data was the Royal Canadian Mounted Police proceeds of crime files. Finds that drug trafficking is the largest single source of these proceeds, that banks and real estate are the main destinations of the revenues, and that methods used involved hiding their true ownership and source by using nominees and establishing legitimate companies, avoiding suspicion by using “smurfs”, and avoiding reporting requirements by structuring transactions. Describes the design of the research and gives a typology of money laundering operations.

Journal

Journal of Financial CrimeEmerald Publishing

Published: Jul 1, 2004

Keywords: Canada; Money laundering; Police

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