Other people’s dirty money: professional intermediaries, market dynamics and the finances of white-collar, corporate and organised crimes

Nicholas J. Lord , Liz J. Campbell, Karin van Wingerde

Research output: Contribution to journalArticleResearchpeer-review

3 Citations (Scopus)

Abstract

This article analyses the market dynamics of the misuse of 'corporate vehicles' in the management of finances generated from, and for, organized, white-collar and corporate crimes. The term 'corporate vehicles' is a policy construct used to refer to legitimate, legal structures, like trusts and companies, that facilitate a range of commercial activities. Such vehicles also provide opportunities for those involved in serious crimes for gain to control, convert and conceal their illicit finances, usually with the assistance of professional intermediaries, such as lawyers or financial advisors. This article empirically investigates key market features (actors/providers, commodities/products, services) and conditions (supply, demand, regulation, competition), with particular focus on professional intermediaries and how they facilitate the control of other people's dirty money.

Original languageEnglish
Pages (from-to)1217-1236
Number of pages20
JournalBritish Journal of Criminology
Volume59
Issue number5
DOIs
Publication statusPublished - Sep 2019

Keywords

  • Corporate and white-collar crime
  • Corporate vehicles
  • Illicit finance
  • Markets
  • Money laundering
  • Organized crime

Cite this