Ignorer la navigation
Criminal Capital
Book

Criminal Capital

How the Finance Industry Facilitates Crime

Palgrave Macmillan, 2015 plus...


Editorial Rating

8

Qualities

  • Innovative

Recommendation

Attorney and money laundering expert Stephen Platt’s study of dirty money may remind you of headlines from the 1980s proclaiming that a significant percentage of US currency bore cocaine residue. In today’s increasingly cashless world, Platt suggests, some percentage of the money in your bank account carries the taint of drug trafficking, kleptocracy or bribery. Platt presents a detailed, easy-to-digest guide to illegal cash flows. He outlines the scale of the world’s money laundering problem and explains why the bad guys remain a step or two ahead of the authorities. The book’s title suggests a takedown of big banks, but the financial industry emerges looking no worse than any other sector in which criminals seize every advantage they can. getAbstract recommends Platt’s articulate, compelling study to bankers, policy makers, law enforcement officials and anyone else who seeks insight into this complex, worldwide problem.

Take-Aways

  • Illicit operations – ranging from drug trafficking to human smuggling to public corruption – depend on money laundering.
  • When the legal authorities cracked down on large cash deposits, drug dealers developed more sophisticated money laundering methods.
  • The rise of Bitcoin and other virtual currencies creates new opportunities for criminals.

About the Author

Attorney and money laundering expert Stephen Platt is an adjunct professor at Georgetown University’s law school and the founder of kyc360.com.


More on this topic

Learners who read this summary also read

Related Channels