Money Laundering in the Construction Sector
About this event
Money laundering is a pervasive phenomenon in various sectors of the economy, from banking to the art market, from real estate to luxury goods. National authorities have implemented new legislation to strengthen anti-money laundering (AML) regimes and prevent criminals from entering key markets. However, not all sectors have received the same attention by AML agencies, leaving room for criminals to exploit these deficiencies. When looking at the integration of money laundering in legitimate businesses, the construction sector emerges as one of the most critical for the infiltration of criminals. However, the literature on the topic is scattered across disciplines and epistemological communities with a limited interest from AML scholars.
This paper addresses the topic by presenting relevant findings on the literature on money laundering in the construction sector. The aim is threefold: (i) to identify money laundering schemes; (ii) to ascertain key money laundering risks; and (iii) to point out some future research themes. This interdisciplinary research employs a systematic literature review considering various disciplines, including law, criminology, and project management. This paper highlights the gaps in the literature, and it advances a research agenda to address this critical topic for future legislative and policy actions.