| | Electronic Money Laundering - An Environmental Scan (Site not responding. Last check: 2007-10-26) |
 | | Money laundering is the conversion or transfer of property, knowing that such property is derived from criminal activity, for the purpose of concealing the illicit nature and origin of the property from government authorities. |
 | | Non-drug money laundering schemes are usually related to "enterprise crimes" such as the smuggling of contraband alcohol, tobacco, pornography and firearms, illegal immigration rackets (people smuggling) as well as illegal gambling and prostitution. |
 | | Non-banks involved with electronic money schemes that do have the characteristics of deposit taking would have either to apply for authorisation themselves, or enter into a joint venture with an authorised institution, which would be responsible for the deposit taking element. |
| ww2.psepc-sppcc.gc.ca /publications/crim_jus/money_laundering_e.asp (10953 words) |