Essays on Money Laundering

Introduction Although it is impossible to calculate the exact amount of money that is laundered world-wide each year estimates have been made that range from 300 to 500 million US dollars. It is important to note that if other non-drug crimes generating significant profit such...

Money Laundering (ML) is one of the biggest financial crimes and it has been with us since we have used money. But what is ML? Money laundering – a concept first used in the 80’s in the United States with regard to income from drug...

Relation between Money laundering and Terrorist Financing: It has been mentioned earlier in the section, Terrorist financing is quite similar to Money launder thus, it is important to understand relation between money laundering and terrorist organisation to have a better understand of terrorist financing and...

Examining the Relationship between Money Laundering, Tax Evasion and Tax Havens Tax evasions and Money Laundering have always been perceived and widely believed to be the demise of all economies. Tax havens on the other hand are considered by many as tax shelters for tax...

Lucy Edwards, a former Bank of New York vice president, and her husband Peter Berlin was accused to the biggest cases of money laundering. The couple was admitted to the United states District in Manhattan after about 18 months of investigation. Lucy Edwards and Peter...

Issue: Measures taken to decrease tax evasion, fight terrorism, and fight money laundering have created hardships for Americans who are working overseas. This effect has increased since the 2010 passing of the Foreign Account Tax Compliance Act (FACTA). Stakeholders: American citizens working overseas and American...