Submission Title
Presentation Type
Event
Location
Caesars Palace, Las Vegas Pompeian II
Start Date
30-5-2013 8:30 AM
End Date
30-5-2013 10:00 AM
Disciplines
Economics | Gaming and Casino Operations Management | International Business | Public Affairs, Public Policy and Public Administration
Abstract
Introduction
Money laundering is the process by which criminals attempt to conceal or disguise the nature, location, source, ownership or control of their ill-gotten gains, so as to make it possible to invest or consume the proceeds of crime (Masciandaro1999)
Money laundering (Unger, 2007):
- distorts prices, consumption, saving and investment rates;
- increases the volatility of import/export levels, the demand for money, interest and exchange rates, as well as the availability of credit;
- threatens the solvability and liquidity, as well as the reputation and profitability of the financial sector;
- Endangers the continuance of foreign direct investment (FDI)
- Acts as a multiplier for crime, corruption, bribery and terrorism
Included in
Economics Commons, Gaming and Casino Operations Management Commons, International Business Commons, Public Affairs, Public Policy and Public Administration Commons
Session 3-1-B: Online Gambling and Money Laundering
Caesars Palace, Las Vegas Pompeian II
Introduction
Money laundering is the process by which criminals attempt to conceal or disguise the nature, location, source, ownership or control of their ill-gotten gains, so as to make it possible to invest or consume the proceeds of crime (Masciandaro1999)
Money laundering (Unger, 2007):
- distorts prices, consumption, saving and investment rates;
- increases the volatility of import/export levels, the demand for money, interest and exchange rates, as well as the availability of credit;
- threatens the solvability and liquidity, as well as the reputation and profitability of the financial sector;
- Endangers the continuance of foreign direct investment (FDI)
- Acts as a multiplier for crime, corruption, bribery and terrorism
Comments
Moderator: Peter Bernhard
Session 3-1-B Crime and Gambling
File: 17 PowerPoint slides