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2019 | Buch

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Technology-Enhanced Methods of Money Laundering

Internet As Criminal Means

verfasst von: Fausto Martin De Sanctis

Verlag: Springer International Publishing

Enthalten in: Springer Professional "Wirtschaft+Technik" , Springer Professional "Technik" , Springer Professional "Wirtschaft"

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Über dieses Buch

This book identifies and examines the novel ways in which money is laundered internationally through illegal activities on the internet, focusing on sales, payments, social media, online gaming, and tax misapplication. Technology-enhanced methods that enable money laundering are now a significant portion of malicious cyber activities and deterring its commission is a high order priority.

Although powered by modern tools, investigators, prosecutors, judges and regulatory agencies in most countries are not equipped to accurately detect, investigate and prosecute this type of criminal activity. It makes a case for broader institutional and regulatory improvement, formulating a basis for detecting evolving money laundering schemes with multiple focuses on sales, payments, social media, online gaming, and tax misapplication.

Revealing the newest techniques used by criminals, currently neglected by law enforcement in most countries, and discusses the best approaches to combat these crimes, this book will be useful as a guide for law enforcement, prosecutors, judges, and others involved in efforts to curb online crimes.

Inhaltsverzeichnis

Frontmatter

Chapter 1. Introduction

Abstract

The aim of this chapter is to introduce the lector to online crimes, in which it is possible to link to organized crime and other crimes. The vast growing business of the Internet in modern times, with its inherent international reach, would have been unthinkable in previous eras. Through international joint actions, States can fight crime and curtail the enjoyment of property illegally acquired through criminal activity, particularly with respect to the misuse of online network and money laundering.

Fausto Martin De Sanctis

Chapter 2. Dark Web: Deterring Cybercrimes and Cyber-Attacks

Abstract

The cyberspace alone cannot curb online crimes. The study identifies known risks to the cyberspace when Internet is illegally being used to commit crimes. Giving people rights with regard to the protection and control of their personal rights, besides reportability, must be encouraged.

Fausto Martin De Sanctis

Chapter 3. Online Gaming: Casino, Lotteries, and Gambling

Abstract

Preventing the crime of gaming through Internet, either casino-style games or lotteries or gambling, requires an analysis of the roles of each actor in this activity, which can be considered illegal when it “legalizes” gains from criminal activities. The chapter shows that public policies challenges require a consideration of it is widely available and used and there is differing regulatory models.

Fausto Martin De Sanctis

Chapter 4. Payments Through Illegal and Disguised Means: NGOs, Trusts, Wire Transfers, Cards, and Cryptoassets

Abstract

The illegal flow of capital poses a great threat to countries. Inappropriate use of NGOs, trusts, e-money, cards, wire transfers, moneychangers, cryptoassets, and stored value instruments facilitates criminal activity. Thus, more adequate and coordinated ways to prevent online crimes must be checked. The need to regulate various forms of payments made through the Internet must be reviewed.

Fausto Martin De Sanctis

Chapter 5. Online Sales

Abstract

Besides financial transaction concern, e-commerce must be harmonized with security and transparent regulation, which cannot become an obstacle to general assertion of jurisdiction.

Fausto Martin De Sanctis

Chapter 6. Social Media

Abstract

Internet became a common place to diffuse relevant values and opinions. Such a role should strengthen their primary objectives and commitments as eminently social institutions. Social media should balance the protection of freedom of expression and the need to curb online crimes, through appropriate regulation.

Fausto Martin De Sanctis

Chapter 7. Tax Misapplication: Sales and Use Taxes and Games Taxation

Abstract

Virtual assets are legal subjects of taxation. It is important to rethink concepts of sales and use taxes and games taxation. The Internet challenges the way that them have been levied and collected.

Fausto Martin De Sanctis

Chapter 8. International Legal Cooperation, Confiscation/Repatriation of Assets, and Virtual World

Abstract

Through international cooperation, States ought to fight crime and curtail the enjoyment of property illegally acquired through criminal activity on the Internet, particularly with respect to the use on the black market or tax havens. International legal Cooperation is a prerequisite to any prevention of online crimes due to its inherent international reach. This chapter provides an analysis of ways to improve international legal cooperation.

Fausto Martin De Sanctis

Chapter 9. Conclusions

Abstract

Although a facilitator tool to day-to-day life, the Internet has turned out an intriguing and complex tool. Also it became a way to the maintenance of people’s anonymity making difficulty to curb international crimes. The author provides a reflection on the cyberspace and the need for a well-designed international regulatory environment.

Fausto Martin De Sanctis

Chapter 10. Proposals to Improve the Efforts Against Online Crimes (Money Laundering)

Abstract

The study concludes by presenting concrete proposals for the public and private sectors in order to prevent and effectively combat or reduce online crimes. It also provides specific proposals, at the international and domestic levels, to deal with the complex and still effective method of crimes: the Internet.

Fausto Martin De Sanctis

Backmatter

Titel: Technology-Enhanced Methods of Money Laundering
verfasst von: Fausto Martin De Sanctis
Verlag: Springer International Publishing
Electronic ISBN: 978-3-030-18330-1
Print ISBN: 978-3-030-18329-5
DOI: https://doi.org/10.1007/978-3-030-18330-1