Laundering the Proceeds of Public Sector Corruption
Richard K. Gordon
Case Western Reserve University School of Law
World Bank, April 2009
Case Legal Studies Research 09-10
While much has been written about how anti-money laundering laws might be used to prevent or uncover official corruption there has been little empirical analysis of actual cases. Such an examination suggests that there are a number of recurring patterns of corruption that do not involve cash. These patterns suggest ways in which financial institutions might better detect the laundering of official corruption.
Number of Pages in PDF File: 50
Keywords: Financial Action Task Force Standard, FATF, FATF 40, Money Laundering, Public Sector, Patterns of Corruption, Features of Corruption, Financial Institutions
JEL Classification: K14, K23, K42Accepted Paper Series
Date posted: April 7, 2009 ; Last revised: May 1, 2011
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