ABSTRACT

Illicit Financial Flows (Dirty Money) and Safe Havens as Enablers of Transnational Organized Crime   [open pdf - 149KB]

From the remarks of David M. Luna: "I would like to address an issue that is of increasing concern to those charged with protecting businesses and communities around the world: illicit financial hubs and how the provision of legal and professional services, either wittingly or unwittingly, facilitates the laundering of dirty money through illicit financial transactions. Such activities corrupt the integrity of financial systems around the world and the vitality of legitimate markets. Money is the common denominator of every type of illicit activity, from terrorism to wildlife trafficking. If kleptocrats, criminal organizations, and terrorists cannot launder their money, they will have a harder time spending it, thereby decreasing their ability to finance their illicit activities and enjoy their wealth."

Author:
Publisher:
Date:
2012-11-17
Copyright:
Public Domain
Retrieved From:
U.S. Department of State: http://www.state.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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