Pregled bibliografske jedinice broj: 882405
Identifying Money Laundering in Business Operations as a Factor for Estimating Risk
Identifying Money Laundering in Business Operations as a Factor for Estimating Risk // Economic and Social Development / Yongqiang, Li ; Hunjet, Anica ; Roncevic, Ante (ur.).
Prag: VADEA, 2017. str. 138-146 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
Identifying Money Laundering in Business Operations
as a Factor for Estimating Risk
Autori
Cindori, Sonja ; Slović, Jelena
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
Economic and Social Development
/ Yongqiang, Li ; Hunjet, Anica ; Roncevic, Ante - Prag : VADEA, 2017, 138-146
Skup
20th International Scientific Conference on Economic and Social Development
Mjesto i datum
Prag, Češka Republika, 27.04.2017. - 28.04.2017
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
financial reports, assets, tax, money laundering, terrorism
Sažetak
Money laundering and terrorist financing can be performed in many ways, regular business operations being among them. Business activities go through a large number of business changes, which offers numerous options for money or assets to enter the company via seemingly legal business transactions, enabling money or assets to remain in regular business flows once money laundering is completed. On the other hand, the opposite scenario, in which there is interest in money to be transferred from regular flows to alternative flows, including terrorism financing, is also common. This paper will discuss legal business operations as a framework for money laundering and terrorist financing. Cash flow cycles are presented in form of an algorithm as connections between irregularly and regularly acquired assets in the process of money laundering through business operations, as well as re-entry from regular flows into alternative cash flows. The "Butterfly Diagram", presenting groups of business changes enabling entry of larger amounts of money and assets owned by a company in order to be laundered or their exit with the effect or tax evasion or terrorism financing, evolved from the algorithm. Also, the "Butterfly Diagram" includes certain forms of legal and tax misuse which enable legalising the specified activities. The business reality is exceptionally dynamic and needs of money launderers keep growing, which is why there is an increase in types and numbers of business transactions that can be used for money laundering or terrorism financing, resulting in the need to keep modifying the presented "Butterfly Diagram".
Izvorni jezik
Engleski
Znanstvena područja
Pravo
POVEZANOST RADA
Projekti:
HRZZ-UIP-2014-09-5933 - Pravna i ekonomska analiza sustava prevencije pranja novca i financiranja terorizma (PNFT/AMLTF) (Cindori, Sonja, HRZZ - 2014-09) ( CroRIS)
Ustanove:
Pravni fakultet, Zagreb
Profili:
Sonja Cindori
(autor)
Citiraj ovu publikaciju:
Časopis indeksira:
- Web of Science Core Collection (WoSCC)
- Conference Proceedings Citation Index - Social Sciences & Humanities (CPCI-SSH)