CrimProf Blog

Editor: Kevin Cole
Univ. of San Diego School of Law

Friday, November 24, 2023

Sharif on Money Laundering

Md Romel Sharif has posted Unmasking the Hypothetical: Money Laundering through Foreign Contractors in Underdeveloped Countries on SSRN. Here is the abstract:

This discussion uncovers how, in the guise of development, public funds are clandestinely laundered, resulting in dire economic and social consequences. We explore a hypothetical scenario involving foreign contractors and ambitious projects in underdeveloped countries, highlighting the vulnerabilities in anti-money laundering efforts and advocating for regulatory enhancements and transparency. Real-world challenges, such as limited regulatory oversight, financial inclusion gaps, and corruption, are examined alongside common money laundering techniques. The erosion of key institutions amplifies the danger, exemplifying the perilous link between corruption and money laundering. This discussion serves as a clarion call for more robust anti-money laundering measures and enhanced international collaboration in countering this widespread and destructive phenomenon.

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