Money Laundering Through Trade in Diamonds: The Danny Koort and Jeanette Rosen Case Study

8 Pages Posted: 25 Jan 2017

See all articles by Ehi Esoimeme

Ehi Esoimeme

University of Wales System - Cardiff Law School

Date Written: January 9, 2017

Abstract

This paper uses the Danny Koort and Jeanette Rosen case to illustrate the vulnerability of the diamond trading business to money laundering.

Precious metals and stones, particularly gold and diamond, offer a high intrinsic value in a compact form. They can be “cashed” easily in most areas of the world. Hence, they are vulnerable to be used in money laundering for the ease in which they can be hidden and transported.

This case study aims to help build awareness with the regulatory, enforcement and customs authorities as well as reporting entities about risks and vulnerabilities of the diamonds trade, and how to mitigate them.

Keywords: Money Laundering, Diamond Dealers, Precious metals and stones

Suggested Citation

Esoimeme, Ehi, Money Laundering Through Trade in Diamonds: The Danny Koort and Jeanette Rosen Case Study (January 9, 2017). Available at SSRN: https://ssrn.com/abstract=2895734

Ehi Esoimeme (Contact Author)

University of Wales System - Cardiff Law School ( email )

PO Box 427
Cardiff, Wales CF10 3AX
United Kingdom

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