PUBLICATIONS
March 1, 1999
Money Laundering in the Asia Pacific Working Paper No. 5: Socio-Economic Consequences of Money Laundering and Related Financial Crime in the Asia Pacific
Anti-Corruption
Money Laundering in the Asia Pacific Working Paper No. 5: Socio-Economic Consequences of Money Laundering and Related Financial Crime in the Asia Pacific
DATE
March 1, 1999
AUTHORS
Dr. Allan Castle, Bruce Broomhall
YEARS
1999
POLICIES
Anti-Corruption
Money Laundering in the Asia Pacific Working Paper No. 5: Socio-Economic Consequences of Money Laundering and Related Financial Crime in the Asia Pacific
This study explores the social and economic impact of money laundering in the Asia Pacific. This question has both direct and indirect implications. In direct terms, money laundering is a set of practices which use the levers and institutions of the legal economy for an illegal end, which leads us to examine the degrading or corrupting effects that money laundering has in those milieux where it occurs. Indirectly, as money laundering is merely the manipulation of the financial end product of a broad compendium of crime, we must ask what the implications are for Asia Pacific societies, should the profit-taking activities of criminal organisations and individuals not be addressed. In the following pages, we argue that both these categories of effect are of significant concern with respect to the security and basic values of the regions population.
DOCUMENTS (1)
