Download

Download eBook for Free

Full Document

FormatFile SizeNotes
PDF file 0.8 MB

Use Adobe Acrobat Reader version 7.0 or higher for the best experience.

Summary Only

FormatFile SizeNotes
PDF file 0.2 MB

Use Adobe Acrobat Reader version 7.0 or higher for the best experience.

Purchase

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback128 pages $25.00 $20.00 20% Web Discount

At the request of the Financial Crimes Enforcement Network (FinCEN), an agency of the U.S. Department of the Treasury, RAND conducted and analyzed a strategic decisionmaking exercise to examine money laundering concerns raised by the deployment of cyberpayment systems. Participants in the exercise represented the Executive Branch, the cyberpayment and banking industries, Congress, and academia. The tasks of the exercise were to (1) describe current cyberpayment concepts and systems; (2) identify an initial set of cyberpayment characteristics of particular concern to law enforcement and payment system regulators; (3) identify major issues cyberpayment policies will need to address; and (4) array appropriate recommendations to address potential system abuse in a set of proposed action plans. While it is premature to draft a comprehensive regulatory regime for cyberpayment products, participants agreed that prompt collaborative action by industry and government — and among governments — is needed. Dialogue on standards, regulatory transparency, and vigorous surveillance can prevent the criminal exploitation of cyberpayment system vulnerabilities.

Table of Contents

  • Chapter One

    Introduction

  • Chapter Two

    Money Laundering

  • Chapter Three

    Cyberpayment Systems

  • Chapter Four

    The Potential Exploitation of Cyberpayments Systems for Money Laundering

  • Chapter Five

    Exercise Findings and Issues for Decision Making

  • Chapter Six

    Conclusions

  • Appendix A

    "The Day After. . ." Methodology

  • Appendix B

    Exercise Materials

The research described in this report was conducted by RAND's Critical Technologies Institute.

This report is part of the RAND Corporation monograph report series. The monograph/report was a product of the RAND Corporation from 1993 to 2003. RAND monograph/reports presented major research findings that addressed the challenges facing the public and private sectors. They included executive summaries, technical documentation, and synthesis pieces.

Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.