Abstract
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 language | English |
|---|---|
| Title of host publication | Organised crime, financial crime and criminal justice |
| Subtitle of host publication | theoretical concepts and challenges |
| Editors | Dan Jasinski, Amber Phillips, Edward Johnston |
| Place of Publication | Abingdon, Oxon |
| Publisher | Routledge Taylor & Francis Group |
| Chapter | 6 |
| Pages | 104 - 121 |
| Number of pages | 18 |
| ISBN (Electronic) | 9781003020813 |
| ISBN (Print) | 9780367897451, 9781032373331 |
| DOIs | |
| Publication status | Published - 15 May 2023 |
Publication series
| Name | The law of financial crime |
|---|
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 16 Peace, Justice and Strong Institutions
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