Legal Principles for Combatting Cyberlaundering

This volume deals with the very novel issue of cyber laundering. The book investigates the problem of cyber laundering legally and sets out why it is of a grave legal concern locally and internationally. The book looks at the current state of laws and how they do not fully come to grips with the problem. As a growing practice in these modern times, and manifesting through technological innovations, cyber laundering is the birth child of money laundering and cybercrime. It concerns how the internet is used for 'washing' illicit proceeds of crime. In addition to exploring the meaning and ambits of the problem with concrete real-life examples, more importantly, a substantial part of the work innovates ways in which the dilemma can be curbed legally.

This volume delves into a very grey area of law, daring a yet unthreaded territory and scouring undiscovered paths where money laundering, cybercrime, information technology and international law converge. In addition to unearthing such complexity, the hallmark of this book is in the innovative solutions and dynamic remedies it postulates.

• Anti-Cyberlaundering (ACL)
• Anti-Money Laundering (AML)
• Anti-cybercrime legal regime
• Cash smuggling
• Cash structuring/Smurfing
• Customer Due Dilligence (CDD)
• Cyberlaundering / Cybercrime
• Cyberlaundering as a technique of money laundering
• Cyberlaundering online banking / online auctioneering
• Cyberlaundering through online gambling / online barter trade
• Decyphering Cyberlaundering
• Drugs Enforcement Administration
• Electronic Money (E-Money)
• Electronic cheques
• Employing biometric methods for identification
• Ensuring better encryption methods
• Evolution of the anti-money laundering legal regime
• Federal Bureau of Investigation FBI
• Financial Action Task Force (FATF)
• Financial Crimes Enforcement Network
• Fluidity of the cyberlaundering process
• German anti-cybercrime statutes
• International Police Organization
• Jurisdiction For Cyberlaundering
• Legal Framework against Cyberlaundering
• Money Laundering Control Act of 1986
• Money Laundering and Cybercrime
• Money laundering and rising challenges
• Money laundering techniques
• Prosecuting Cyberlaundering
• Prosecution of money laundering
• Regulating Cyberlaundering
• Regulation and prevention of Money Laundering
• Scientific techniques and digital investigations
• Software money / Real time or prepaid tokens
• Terrorist financing of Money Laundering
• The AML Act of 2008
• The Bank Secrecy Act
• The Banking Act of 1998
• The Basel Committee on Banking and Supervision
• The Egmont Group
• The US PATRIOT Act
• The Wolfsberg Group
• The World Bank
• US anti-cybercrime laws
• ‘Shell’ companies / Wire transfer

• Shearman & Sterling LLP, Paris, France

  Daniel Adeoyé Leslie

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