Combating Money Laundering with Digital Technologies

master's thesis

• Author: Nina Javor
• Mentor: Mario Spremić (mentor)
• Granter: University of Zagreb; Faculty of Economics and Business; Zagreb
• Defense date and country: 2020-09-24, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics

Abstract

The main goal of this master thesis is to examine the practice of money laundering as well as to demonstrate how select emerging digital technologies can significantly assist in combating it. Throughout the paper, money laundering is explained in much detail, including its three-step process and several different methods it can utilize. In addition, its use cases are also presented as well as several biggest money laundering scandals uncovered so far. Next, numerous digital technologies and their utilizations for anti-money laundering purposes are examined, while simultaneously covering the basics of anti-money laundering programs. Moreover, success stories of the top anti-money laundering solutions providers are presented as well as examples of some recent happenings. Finally, there is a discussion on the impact of the COVID-19 pandemic on money laundering, its predicate offences, and anti-money laundering efforts. Therefore, this paper provides an overview of money laundering and how to effectively battle it using new technologies.

• Keywords: money laundering; anti-money laundering solutions; digital technologies
• Language: english
• URN:NBN: urn:nbn:hr:148:752771
• Study programme: Title: Business economics-managerial informatics; specializations in: Managerial informatics; Course: Managerial informatics; Study programme type: university; Study level: graduate; Academic / professional title: magistar/magistra ekonomnije (magistar/magistra ekonomnije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access
• Created on: 2020-10-12 14:20:38