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International money laundering and Hawala
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One of the great challenges of catching money launderers today is the global nature of the crimes. For example, international money service bureaus can appear legitimate but are often fronts for those who need money laundering. Sophisticated international networks have been established such as Hawala that fall outside easily traceable transactions. Discuss how money service bureaus and Hawala can be involved in money laundering. Do they serve any legitimate purpose? How do we know when they`ve crossed the line to illegal activity?
How does the current national and international strategy by regulators and other international organizations help track global money laundering? Which of the states and international regulators are involved? Do you think that enough is being done to coordinate and catch money launderers? What other technology and methods do global money launderers use besides money service bureaus and Hawala?
What sort of electronic surveillance and reporting tools would be helpful to banks and corporations to meet regulatory requirements?