Abstract
Although a facilitator tool to day-to-day life, the Internet has turned out an intriguing and complex tool. Also it became a way to the maintenance of people’s anonymity making difficulty to curb international crimes. The author provides a reflection on the cyberspace and the need for a well-designed international regulatory environment.
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Notes
- 1.
Launderers, for instance, purchase policies and redeem them at a discount, paying fees and penalties but receiving a clean check from the insurance company.
- 2.
An informal value transfer system.
- 3.
A formal value transfer system.
- 4.
See EquityNet [1].
- 5.
Foster Swift Attorneys [2].
- 6.
It was passed on April 5, 2012 with a stated goal of improving access to the public capital markets for emerging growth companies.
- 7.
See Robock [3, p. 121].
- 8.
See Finextra [4].
- 9.
See Raiborn et al. [5, p. 39].
- 10.
Swain and Trelease [6, pp. 37 and 40–42].
- 11.
See Hiller and Cook [7, p. 76].
References
EquityNet. Funding portal definition. Retrieved September 2, 2018, from https://www.equitynet.com/crowdfunding-terminology/funding-portal
Foster Swift Attorneys. Biztec Law Blog, Title II crowdfunding: What is a funding portal? Retrieved September 2, 2018, from https://www.michiganitlaw.com/Title-III-Crowdfunding-Funding-Portal
Robock, Z. (2014). The risk of money laundering through crowdfunding: A funding portal’s guide to compliance and crime fighting. Michigan Business & Entrepreneurial Law Review, 4, 113–129.
Finextra. (2018, February 6). NYDFS sets out new cryptocurrency fraud guidelines. Retrieved September 3, 2018, from https://www.finextra.com/pressarticle/72539/nydfs-sets-out-new-cryptocurrency-fraud-guidelines
Raiborn, C., Schorg, C., & Bubrig, C. (2003). Guarding against e-laundering of dirty money. Commercial Lending Review, 18, 36–39.
Swain, A. W., & Trelease, N. T. (2006). Online retailers netted by Nexus: The borders online case. Intellectual Property and Technology Law, 35(1), 37–42.
Hiller, J. S., & Cook, D. L. (1997). From clipper ships to clipper chips: The evolution of payment systems for electronicd commerce. Journal of Law and Commerce, 17, 53–98.
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De Sanctis, F.M. (2019). Conclusions. In: Technology-Enhanced Methods of Money Laundering. Springer, Cham. https://doi.org/10.1007/978-3-030-18330-1_9
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