The Causes, Effects, and Manifestations of the Money Laundering Problem in the Former Soviet Union

Author
Yehuda Shaffer, Stefan D. Cassella
Content Type
Special Report
Institution
Georgetown Journal of International Affairs
Abstract
In the past few years, a number of European banks have been implicated in money laundering scandals in countries such as Cyprus, Malta, Latvia, and, most recently, Scandinavia. Although European and international voices are putting pressure to take further action by all including the banks against this, the issue continues to emerge in the continent. In this short article, we attempt to explain this trend and how might it be resolved.
Topic
Crime, Economics, Finance, Business , Financial Crimes, Banks, Currency
Political Geography
Russia, Soviet Union, Latvia, Scandinavia, Cyprus, Malta