NCJ Number
151582
Journal
International Currency Review Volume: 22 Issue: 2 Dated: (1991) Pages: 30- 34
Date Published
1991
Length
5 pages
Annotation
Money laundering activities are explored.
Abstract
This article provides an overview of the opportunities for money laundering and the prospects for its expansion in the Asia-Pacific region in the years ahead. The author pinpoints many apparently obscure routes -- through Sri Lanka, Pakistan, India, Cambodia, China, Malaysia, and Thailand -- through which illegally acquired proceeds are probably being laundered. He cites as the most serious problem the likely attitude of the traditionally anticommunist Triad criminal organizations based in Hong Kong, which can be expected to diversify out of the Colony, anticipating the installation of a Chinese communist government there in 1997. The rampant corruption within China's bureaucracy may create new opportunities for the Triads, but geographical diversification seems inevitable. New money laundering doors are opening just as European doors are being closed. The author provides a discussion of the eleven reasons he cites as pointing to the Asia-Pacific region as the future leading money laundering zone. References