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Money Laundering Using Electronic Payment Systems

Money Laundering Using Electronic Payment Systems
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Author(s): Juergen Seitz (University of Cooperative Education Heidenheim, Germany) and Krzysztof Woda (European University Viadrina, Germany)
Copyright: 2006
Pages: 4
Source title: Emerging Trends and Challenges in Information Technology Management
Source Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-59904-019-6.ch099
ISBN13: 9781616921286
EISBN13: 9781466665361

Abstract

Electronic payment systems are not only an appropriate medium of exchange on electronic markets. They can also make easier illicit dealing, among them money laundering. The purpose of this article is the identification of key features for money laundering transactions and an analysis of potential attractions and the suitability of single payment systems for money laundering. The article concludes with an overview on possible measures against money laundering and a short summary and a short summary.

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