Part 1 - AL-Tax

International Taxation HandbookMoney laundering has become a more and more risky business. The steps takento conceal the criminal origins of the funds being laundered or to shelter legitimatefunds from taxation liability invariably leave a paper trail that can be used bythe authorities to link the persons utilizing the sanitized funds to the originalfunds and even the criminal activities that may have generated those funds.ReferencesBell, R.E. (2003). The Confiscation, Forfeiture and Disruption of Terrorist Finances. Journal ofMoney Laundering Control, 7(2):105–125.Brittain-Catlin, W. (2005). Offshore: The Dark Side of the Global Economy. Farrar, Straus & Giroux,New York.Chamberlain, K. (2002). Recovering the Proceeds of Corruption. Journal of Money LaunderingControl, 6(2):157–165.Cornez, A. (2000). The Offshore Money Book: How to Move Assets Offshore for Privacy, Protectionand Tax Advantage. Contemporary Books, Chicago.El Rahman, F. and Sheikh, A. (2003). Money Laundering Through Underground Systems and Non-Financial Institutions. Journal of Money Laundering Control, 7(1):9–14.Financial Action Task Force on Money Laundering (FATF) (1996). FATF-VII Report on MoneyLaundering Typologies, 28 June.FATF (1997). 1996–1997 Report on Money Laundering Typologies, February.FATF (2000). 1999–2000 Report on Money Laundering Typologies, 3 February.FATF (2001). 2000–2001 Report on Money Laundering Typologies, 1 February.FATF (2002). 2001–2002 Report on Money Laundering Typologies, 1 February.FATF (2003). 2002–2003 Report on Money Laundering Typologies, 14 February.FATF (2004). 2003–2004 Report on Money Laundering Typologies, 26 February.FATF (2005). Money Laundering and Terrorist Financing Typologies, 10 June.FATF (2006a). Annual Report 2005–2006, 23 June.FATF (2006b). Trade Based Money Laundering, 23 June.Kennedy, A. (2005). Dead Fish Across the Trail: Illustrations of Money Laundering Methods.Journal of Money Laundering Control, 8(4):305–319.Leong, A.V.M. (2004). Macau Casinos and Organised Crime. Journal of Money Laundering Control,7(4):298–307.Starchild, A. (2001). Using Offshore Havens for Privacy and Profit. Paladin Press, Boulder, CO.Savla, S. (2001). Money Laundering and Financial Intermediaries. Kluwer Law International, TheHague.Trehan, J. (2004). Crime and Money Laundering: The Indian Perspective. Kluwer Law International,The Hague.Vernazza, J.B., Bennett, J., Jacobs, V., and LeVine, R. (2001). Protecting and Conserving Assets Usingan Overseas Asset Protection Trust. Journal of Retirement Planning, 40–50 (Jan–Feb).322