Laundering the Proceeds of Public Sector Corruption

Gordon, Richard

Abstract

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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

Abstract:
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, K42

Accepted Paper Series

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Date posted: April 7, 2009 ; Last revised: May 1, 2011

Suggested Citation

Gordon, Richard K., Laundering the Proceeds of Public Sector Corruption. World Bank, April 2009; Case Legal Studies Research 09-10. Available at SSRN: http://ssrn.com/abstract=1371711

Contact Information

Richard K. Gordon (Contact Author)

Case Western Reserve University School of Law ( email )

11075 East Boulevard
Cleveland, OH 44106-7148
United States