Laundering the Proceeds of Public Sector Corruption

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1371711

Richard K. Gordon
Case Western Reserve University - School of Law



Case Legal Studies Research 09-10
World Bank, Forthcoming

Abstract:     
While much has been written about how anti-money laundering laws might be used to prevent or uncover official corruption there has been little empirical analysis of actual cases. Such an examination suggests that there are a number of recurring patterns of corruption that do not involve cash. These patterns suggest ways in which financial institutions might better detect the laundering of official corruption.

Keywords: Financial Action Task Force Standard, FATF, FATF 40, Money Laundering, Public Sector, Patterns of Corruption, Features of Corruption, Financial Institutions

JEL Classifications: K14, K23, K42

Accepted Paper Series