Other people’s dirty money: professional intermediaries, market dynamics and the finances of white-collar, corporate and organized crimes

This article analyses the market dynamics of the misuse of ‘corporate vehicles’ in the management of finances generated from, and for, organized, white-collar and corporate crimes. The term ‘corporate vehicles’ is a policy construct used to refer to legitimate, legal structures, like trusts and comp...

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Bibliographic Details
Authors: Lord, Nicholas J. (Author) ; Campbell, Liz J. (Author) ; Wingerde, Karin van 1983- (Author)
Format: Electronic Article
Language:English
Published: 2019
In: The British journal of criminology
Year: 2019, Volume: 59, Issue: 5, Pages: 1217-1236
Online Access: Presumably Free Access
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Keywords:
Corporate vehicles
Illicit finance
Money laundering
Organized crime
Corporate and white-collar crime
Markets
Geldwäsche
Organisierte Kriminalität
Wirtschaftskriminalität
Weiße-Kragen-Kriminalität
Description
Summary:This article analyses the market dynamics of the misuse of ‘corporate vehicles’ in the management of finances generated from, and for, organized, white-collar and corporate crimes. The term ‘corporate vehicles’ is a policy construct used to refer to legitimate, legal structures, like trusts and companies, that facilitate a range of commercial activities. Such vehicles also provide opportunities for those involved in serious crimes for gain to control, convert and conceal their illicit finances, usually with the assistance of professional intermediaries, such as lawyers or financial advisors. This article empirically investigates key market features (actors/providers, commodities/products, services) and conditions (supply, demand, regulation, competition), with particular focus on professional intermediaries and how they facilitate the control of other people’s dirty money.
ISSN:1464-3529
DOI:10.1093/bjc/azz004