Nature and Causes of Global Money Laundering
NATURE AND CAUSES OF GLOBAL MONEY LAUNDERING
PRESENTED BY:
Kiran Aftab (Roll # 01) Afifa Naseer (Roll # 68) MBA-2004 4th Semester
INSTITUTE OF BUSINESS ADMINISTRATION
UNIVERSITY OF THE PUNJAB LAHORE
TABLE OF CONTENTS
Introduction 6
History 9
Money laundering and Globalization 13
Nature of Money laundering 14
Methods of Money Laundering 17
Causes of Money laundering 19
The Economic Effect of Money Laundering 27
Money Laundering and Pakistan 32
The sources and magnitude of Money Laundering 35
The State of legislation 37
Review of Amnesty Scheme 39
Current Situation 42
Conclusion 44
Recommendations 45
INTRODUCTION "The money screamed across the wires, its provenance fading in
PRESENTED BY:
Kiran Aftab (Roll # 01) Afifa Naseer (Roll # 68) MBA-2004 4th Semester
INSTITUTE OF BUSINESS ADMINISTRATION
UNIVERSITY OF THE PUNJAB LAHORE
TABLE OF CONTENTS
Introduction 6
History 9
Money laundering and Globalization 13
Nature of Money laundering 14
Methods of Money Laundering 17
Causes of Money laundering 19
The Economic Effect of Money Laundering 27
Money Laundering and Pakistan 32
The sources and magnitude of Money Laundering 35
The State of legislation 37
Review of Amnesty Scheme 39
Current Situation 42
Conclusion 44
Recommendations 45
INTRODUCTION "The money screamed across the wires, its provenance fading in
Bibliography: The News International Lahore Edition June 26, 2004 A review of tax amnesty scheme, From SHAMIM AHMED RIZVI, Islamabad Jul 17 - 23, 2000 Ansari, Kashif Mateen., Dealing with organised financial crime, (The News International Lahore Edition August 29, 2004) Haq, Dr