Humphrey P B Moshi

Implications of Cash Dominated Transactions for Money Laundering

Published: 2012
"Money laundering has traditionally been associated solely with banks. Action to combat money laundering has therefore focussed on the banks, reflecting the historical emphasis on the laundering of street cash derived from the sale of drugs. While it may be true that banking processes such as deposit taking, money transfer systems and lending, etc., offer a vital laundering mechanism, criminals have responded to counter measures put in place by the banking sector. It must now be recognised that products and services offered by other types of financial and non-financial institutions are also attractive to the launderer."

Global Financial Crisis: An Opportunity to Revisit the Neo-Liberal Model of Socio-Economic Development

"The current global economic and financial crisis, provides for yet another opportunity to revisit the neoliberalism paradigm, which has been operational in Sub-Saharan Africa for almost three decades. The performance of this development framework, with its attendant policies and strategies, leaves much to be desired. The adopted policies and strategies are not only informed by a set of wrong assumptions, but are also coupled with loss of policy space and ownership of the development agenda. The ultimate effects being those of : modest economic growth rates, persistent poverty in SSA and low resilience to crises. These negative outcomes logically activate the “search engine” for alternative development pathways."

Fighting Money Laundering The Challenges in Africa

Published: 2007
"The paper is organised as follows: The introduction is followed by an examination of the framework within which money laundering and terrorist financing should be analysed. The third section reviews both global and regional initiatives for addressing money laundering and terrorist financing. The fourth section focuses on the challenges Africa faces in tackling these twin problems by putting the emphasis on structural and capacity constraints. The last section concludes the analysis by suggesting ways for enhancing the continent’s capacity and progress in implementing AML/CFT measures."