Advance fee fraud: trends and issues in the Caribbean
Purpose – The purpose of this paper is to discuss the trends and issues involved in advance fee fraud in the Caribbean.Design/methodology/approach – The paper offers a definition of advance fee fraud, describing its practice in the context of the Caribbean. The paper outlines the current state of the law in the region, the need for action and the legislative and enforcement strategies required.Findings – International and regional efforts have been geared towards drug trafficking and money laundering and, in more recent times, terrorism. The time is now ripe for these international and regional efforts to add to their focus advance fee fraud in all its versions and variations. The need to take proactive and decisive measures against advance fee fraud is even more evident in the context of the growth in the use of technology in commerce due to the obvious economic advantage. Advance fee fraud is not just a trick or reward for greed, it is an economic crime and there must be a drastic response from the regi...
Money Laundering Control in the Caribbean
Money Laundering-Methods, Risks, and Consequences Offshore Financial Havens and Money Laundering The Evolution of Money Laundering Control - A Historical Examination of Regional and International Initiatives Making Crime a Non-Profit Activity - Confiscation and Forfeiture Criminal Liability for Money Laundering The Civil Law Dimension The Prevention and Detection of Money Laundering International Co-operation The Long Arm of American Anti-Money Laundering Laws The Impact of "Name-Calling" on the Future of Caribbean Money Laundering Control.
The Case Against Micropayments
Micropayments are likely to continue disappointing their advocates. They are an interesting technology. However, there are many non-technological reasons why they will take far longer than is generally expected to be widely used, and most probably will play only a minor role in the economy.