Originally developed to reduce drug trafficking, efforts to combat money foundering have
broadened over the years to address other crimes and, most recently, terrorism. In this …

The Economics of Banking (Fourth Edition) examines trends and operations in banking
within a microeconomic framework. Covering a range of topics, including global trends in …

The objective of this paper is to illustrate the link between the effectiveness of the anti‐
money laundering regulations and the characteristics of the compliance costs involved for …

This study examined the current developments in customer due diligence (CDD) in the
financial technology (FinTech) era. The study of anti-money laundering (AML) and …

Money laundering is essentially the process of disguising the unlawful source of criminally
derived proceeds to make them appear legal. Anti-money laundering legislation is aimed at …

The article shows how excessive reporting, called “crying wolf”, can dilute the information
value of reports and how more reports can mean less information. Excessive reporting is …

The article presents a novel dynamic setting to compare old—usury—and new—
cryptocurrency—money laundering techniques and uses it for calibration to shed light on …

The attention paid to the role of money as a store of privacy is increasing. In a monetary
transaction, full privacy protection coincides with anonymity. In such situations, an empirical …

This paper reports on our research towards an economic analysis of money laundering
schemes utilizing cryptocurrencies, which are convertible decentralized virtual currencies …

This paper is aimed at establishing the effect of anti‐money laundering regulations on
financial sector development across the globe. Using data from 2012 to 2018 across 165 …