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Author: Barone, Raffaella

Title: Cryptocurrency or Usury? Crime and Alternative Money Laundering Techniques

Summary: The article presents a novel dynamic setting to compare old - usury - and new – cryptocurrency – money laundering techniques and uses it for calibration to shed light on their relative role as an effective device for the criminal organizations to clean their illegal revenues. The specialness of the usury contract depends on its role in laundering illegal revenues originating from criminal activities and it is independent from the interest rate level, while the cryptocurrency money laundering is associated with an initial coin offering (ICO) tool. The calibration compares the leverage effect on the overall capital owned by the criminal organizations triggered by the two money laundering techniques.

Details: Milan: BAFFI CAREFIN Centre, 2018. 23p.

Source: Internet Resource: BAFFI CAREFIN Centre Research Paper No. 2018-101: Accessed February 7, 2019 at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3303871

Year: 2018

Country: International

URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3303871

Shelf Number: 154508

Keywords:
Cryptocurrency
Financial Crime
Money Laundering
Usury