• Informal Value Transfer Systems and Criminal Activities

      Passas, N. (WODC, 2005)
      Having offered a more precise definition of the practices and issues involved in what is indiscriminately called underground banking, as well as a brief look at the origin of the practices in question, this report outlines the findings of a parallel study, discusses the prevalent modus operandi, incorporates the findings of a wider IVTS research, examines the factors contributing to IVTS continued popularity and concludes with a summary of the findings and policy implications. CONTENT: 1. Introduction 2. Results of the WODC-study 3. The mechanics of IVTS 4. Conclusion and policy implications