The Impact of E-money in Money Laundering Operations

Abstract

E-money like any other threaded e-payment facility can be exposed to the crime of the crime of money Laundering. The study aimed to show how the exploitation of e-money in the money laundering offenses takes place and it turns out that there are some characteristics and features that underlie e-money, which in turn facilitates money laundering. The study also provided an introduction of policy to combat money laundry via e-money. We have addressed this through three main sections, the first section discusses the extent of the link between E-money and Money laundering, while the second section addresses the impact of E-money in money –laundering operations. The third one is the conclusion of the study which contains a number of recommendations