Crime and Money Laundering: The Indian Perspective

Crime and Money Laundering: The Indian Perspective by Jyoti Trehan

Crime and Money Laundering: The Indian Perspective

By Jyoti Trehan
Publish Date
Product Line
Kluwer Law International
Available formats


Criminal enterprise today supports a huge global economy, with a gross ¿domestic¿ product estimated at as high as five percent of world GDP. The World Bank puts the proceeds of crime, in recent years, at US$800 billion to US$1 trillion annually¿a degree of economic leverage trumped by only a few of the world¿s most developed nations.

The ravages of transnational crime are apparent everywhere¿terror, addictive and debilitating drugs, the ubiquity of combat rifles and handguns, political corruption, smuggling, tax evasion, trading in women and children, counterfeiting of goods and currency, and much more. Money laundering¿the methodology by which ill-gotten gains are legitimized¿is the visible link at which such crime can be most effectively attacked, as this powerful work by a leading expert demonstrates.

Using the Indian experience (with which he is well acquainted) to particularize the issues, the author investigates the forces that determine the various means of money laundering and its opposition in today¿s globalized world. These include the following:

  • how the ¿parallel economy¿ of crime imperils the economic well-being of many states;
  • the inevitable nexus of black markets and capital flight;
  • terrorism as a threat to national security;
  • the passage of criminal enterprise into legitimate business;
  • criminal use of legitimate ¿fronts¿;
  • the extreme vulnerability of transitional economies;
  • information technology¿s huge boon to transnational crime;
  • major criminal enterprises as multinational corporations;
  • the ability of criminals to commit new kinds of crime before such crimes are understood and criminalized; and,
  • the imperative of restoring good governance in all nations. Drawing on years of first-hand experience in transnational law enforcement and field research with numerous experts in India and elsewhere, Crime and Money Laundering offers a wide-ranging survey and analysis that is attentive to every detail. It is an authoritative work that will be of great value to all professionals struggling to deal with the scourge.
  • ISBN: 9789041199393
    Pages: 272
    SKU: 904119939X
    ETA: Available: Item ships in 3-5 Business Days
      Dedication. Note about the Author. Preface. Acknowledgements. Part I. Big Crimes/Big Money. 1. Crime in General. 2. Organised Crime. 3. Terrorism. 4. Narcotics Trafficking. 5. Bribery and Corruption. 6. Economic Scams. 7. International Economic Crimes. 8. Tax Evasion/Black Money. 9. Smuggling. Part II. How Money Gets Laundered. 1. Basics of Money Laundering. 2. Typologies/Techniques of Money Laundering. 3. Underground and Parallel Banking Systems. Part III. How Crime and Money Laundering Impinge on National Security and Economic Liberalization. 1. Money Laundering: Implications for National Security. 2. Economic Liberalization: Perils Faced by a Growing Economy. 3. Features of Transition Economies and Money Laundering. 4. Another Look at Threats Faced by Economies. 5. Strategies for Loss Prevention. Part IV. Recent Advances and Other Facets. 1. E-Commerce/Internet and Money Laundering. 2. The Off-Shore/On-Shore Debate. 3. Some Important Facets Impinging on the Proceeds of Crime and Money Laundering. Part V. Laws and Role of International/Regional Organizations and Expert Bodies. 1. Money Laundering Laws of Some Countries. 2. Money Laundering Law in India. 3. Other Initiatives to Counter Money Laundering. 4. Role of International Organizations, Expert Groupings and Regional Bodies in Countering Money Laundering. Part VI. Appendix.Select Bibliography. Other References. Index.