Title: A review of organised crime in electronic finance

Authors: Petter Gottschalk, Geoff Dean

Addresses: Norwegian School of Management, Nydalsveien 17, 0442 Oslo, Norway. ' Queensland University of Technology, Brisbane, Australia

Abstract: Criminal Money Management (CMM) has received increased attention in recent years, as organised crime projects by criminal organisations apply transnational and global electronic finance to run their operations. The purpose of this article is to present the core topics relevant to our understanding of organised crime finances. This exploratory research includes topics such as hawala banking and hawala bankers transferring criminal proceeds, the enterprise paradigm of organised crime, the growth of criminal enterprises, a stage model for criminal organisations and the costs of crime for society. These topics are conceptually framed for the core issue of CMM in this article.

Keywords: criminal enterprise; hawala banking; electronic finance; e-finance; organised crime; costs of crime; criminal money management; CMM; criminal finances; criminal proceeds.

DOI: 10.1504/IJEF.2009.024269

International Journal of Electronic Finance, 2009 Vol.3 No.1, pp.46 - 63

Published online: 30 Mar 2009 *

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