Hetzel, Florian Jürgen;
(2023)
A Classification of Money Laundering Incidents.
Doctoral thesis (Ph.D), UCL (University College London).
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Abstract
Money laundering is typically described as a three-stage process, including the placement, layering, and integration of criminal assets. However, the precision of the so-called three-stage model is doubtful, with significant shortcomings in the theoretical foundation, empirical support, and research practice. Previous research has failed to trigger a scientific debate about the numerous manifestations of money laundering going beyond the three-stage model. This thesis introduces a new conceptual framework in which money laundering incidents comprise properties from crime events and their immediate environment. The conceptual framework was developed in an iterative process between data and crime science theory. Original data was gathered using a quantitative approach to content analysis applied to 180 full judgment transcripts from the Court of Appeal and Administrative Court of England and Wales (1997- 2017). In a series of studies, the money laundering properties outlined in court transcripts were identified, conceptualised, and refined from the crime science perspective. In the last step, money laundering incidents were classified based on the hierarchical clustering of information from court records. The classification of money laundering incidents shows little resemblance with the standard three-stage model and offers a new viewpoint on how money laundering works. The novel approach enables researchers and practitioners to consider a broader range of properties, improving the examination and prevention of money laundering.
Type: | Thesis (Doctoral) |
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Qualification: | Ph.D |
Title: | A Classification of Money Laundering Incidents |
Open access status: | An open access version is available from UCL Discovery |
Language: | English |
Additional information: | Copyright © The Author 2023. Original content in this thesis is licensed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) Licence (https://creativecommons.org/licenses/by-nc-nd/4.0/). Any third-party copyright material present remains the property of its respective owner(s) and is licensed under its existing terms. Access may initially be restricted at the author’s request. |
UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Security and Crime Science |
URI: | https://discovery.ucl.ac.uk/id/eprint/10175664 |
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