Money laundering through gambling devices

Author:

Buchanan June

Abstract

Purpose The aim of this paper is to examine how money laundering occurs through electronic gaming devices, the regulatory requirements for operators of electronic gaming machines, the issues of on-line versus land-based gambling and a discussion about ethics and social responsibility. Design/methodology/approach This is primarily a conceptual paper which includes an identification of several theories relevant to money laundering. Primary data were obtained from one respondent through a face-to-face meeting and another through a telephone conversation. Findings A strong, globally co-ordinated effort is required to fight against the increasingly “dark side” of money laundering. The tenets of corporate social responsibility (CSR), including a strong focus on ethics, is vitally important in the gambling industry in helping to wipe out money laundering, which is used to make “dirty” money “clean” and in some instances, used to fund terrorism. Research limitations/implications Further studies could be conducted incorporating a sample of primary data within, and between, jurisdictions. Further work is recommended for developing a form of global collective targeted practical deterrents, supported by technology including artificial intelligence as identified to some degree in this paper. Whilst this paper has included a discussion on CSR, moral management and ethics as a means of arbitrating money laundering, future research could put this idea to the test. Practical implications Efforts (including technological) to combat money laundering at the venue level continue to be developed. Further, regulations could include mandatory training in CSR and ethics for all employees in organisations identified by regulators as being particularly susceptible to money laundering. Social implications Terrorist actions have gained increasing attention as various countries have had to endure seemingly escalating atrocities in their jurisdictions. Government has an important role to take the necessary steps to strike out terrorism to protect its citizens. Originality/value No peer-reviewed academic articles could be identified using a Google Scholar search on money laundering and/or marketing and or CSR. A limited number of articles were identified using the search terms “money laundering and gambling”.

Publisher

Emerald

Subject

Organizational Behavior and Human Resource Management,Strategy and Management,Business, Management and Accounting (miscellaneous),Business and International Management

Reference81 articles.

1. Putting the S back in corporate social responsibility: a multilevel theory of social change in organizations;Academy of Management Review,2007

2. The causes of organized crime: do criminals organize around opportunities for crime or do criminal opportunities create new offenders?;Journal of Contemporary Criminal Justice,2000

3. An evolutionary game theory approach to the dynamics of the labour market: a formal and informal perspective;Structural Change and Economic Dynamics,2010

4. AUSTRAC (2010), “Typologies and case studies report 2010”, Australian Government, Australian Transaction Reports and Analysis Centre (accessed 20 November 2017) (Appendix A: Red Flags –www.austrac.gov.au/typologies-2010-appendixesCasestudies-gamblingservices–www.austrac.gov.au/typologies-2010-case-studies-gambling).

5. AUSTRAC (2011), “Money laundering in Australia”, Australian Government, Australian Transaction Reports and Analysis Centre, Commonwealth of Australia, pp. 1-39, available at: www.austrac.gov.au/publications/corporate-publications-and-reports/money-laundering-australia-2011 (accessed 16 August 2017).

Cited by 5 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3