The future of criminal finance: ‘bin Ladens’ and the cashless society

William Vlcek, Rikard Jalkebro

Research output: Chapter in Book/Report/Conference proceedingChapter


This chapter interrogates the future of criminal finance with a consideration of high denomination currency (e.g., 500 Euro notes, also known as ‘bin Ladens’) and the emergence of the cashless society. Tying the discourse of ‘criminal’ money with terrorist finance produced the term ‘bin Ladens’ for the high denomination Euro note. At the same time, the application of this term as a pejorative isolates the use of currency and particularly these high denomination notes. Proponents of a cashless society reinforce this pejorative connotation against currency when emphasising the anti-crime benefits from the elimination of anonymous cash. The chapter considers these perceived benefits from a cashless society and questions whether they are limiting criminal finance or simply stimulating new avenues for criminality. The case of Sweden’s experience with the development of currency and the evolution of a cash-free economy is provided to demonstrate this analysis.
Original languageEnglish
Title of host publicationOrganised crime, financial crime and criminal justice
Subtitle of host publicationtheoretical concepts and challenges
EditorsDan Jasinski, Amber Phillips, Edward Johnston
Place of PublicationAbingdon, Oxon
PublisherRoutledge Taylor & Francis Group
Pages104 - 121
Number of pages18
ISBN (Electronic)9781003020813
ISBN (Print)9780367897451, 9781032373331
Publication statusPublished - 15 May 2023

Publication series

NameThe law of financial crime


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