Deficiencies in regulations for anti-money laundering in a cyberlaundering age including COMET: Central Online AML Merchant Enforcement Tool

dc.contributor.advisor Sree Nilakanta
dc.contributor.author Schwartz, Brian
dc.contributor.department Theses & dissertations (College of Business)
dc.date 2018-08-11T06:57:57.000
dc.date.accessioned 2020-06-30T02:29:37Z
dc.date.available 2020-06-30T02:29:37Z
dc.date.copyright Thu Jan 01 00:00:00 UTC 2009
dc.date.embargo 2013-06-05
dc.date.issued 2009-01-01
dc.description.abstract <p>Money laundering, an act of illegal cash washing, accounts for two to five percent of the world's gross domestic product. This alarming amount of illegal financial activity has brought national and international laws, regulations on banks, and procedures to deter money launderers. With the rise of cyber banking, digital cash, anonymous stored value cards, and advanced personal identifiable information theft, money laundering laws and regulations fail to account for the movement of illegal money in the digital world.</p> <p>Discussed in this thesis is an overview of the current money laundering techniques and regulations. The objectives of this research are twofold; first, to broadly identify deficiencies within the banking and regulatory institutions regarding cyberlaundering including hypothetical cyberlaundering methods and second, to suggest a specific feasible approach to minimize and deter online laundering of illicit revenue through the application of COMET: a Central Online AML Merchant Enforcement Tool. COMET is a central database system which makes use of data mining techniques to mitigate a cyberlaundering return merchandise scheme.</p>
dc.format.mimetype application/pdf
dc.identifier archive/lib.dr.iastate.edu/etd/10600/
dc.identifier.articleid 1636
dc.identifier.contextkey 2806803
dc.identifier.doi https://doi.org/10.31274/etd-180810-2515
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath etd/10600
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/24806
dc.language.iso en
dc.source.bitstream archive/lib.dr.iastate.edu/etd/10600/Schwartz_iastate_0097M_10437.pdf|||Fri Jan 14 18:24:38 UTC 2022
dc.subject.disciplines Business
dc.subject.keywords Cybercrime
dc.subject.keywords Cyber Laundering
dc.subject.keywords Database
dc.subject.keywords Laundering
dc.subject.keywords Money Laundering
dc.subject.keywords Regulation
dc.title Deficiencies in regulations for anti-money laundering in a cyberlaundering age including COMET: Central Online AML Merchant Enforcement Tool
dc.type article
dc.type.genre thesis
dspace.entity.type Publication
thesis.degree.level thesis
thesis.degree.name Master of Science
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