Laundering the Proceeds of Public Sector Corruption

World Bank, April 2009

Case Legal Studies Research 09-10

50 Pages Posted: 7 Apr 2009 Last revised: 1 May 2011

See all articles by Richard K. Gordon

Richard K. Gordon

Case Western Reserve University School of Law

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.

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

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: https://ssrn.com/abstract=1371711

Richard K. Gordon (Contact Author)

Case Western Reserve University School of Law ( email )

11075 East Boulevard
Cleveland, OH 44106-7148
United States

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