London, UK (PRWEB) March 17, 2010
Titled "Piracy in the Horn of Africa" this paper addresses how the cash based character of modern piracy, combined with a concentration in failed states and poorly regulated countries, has rendered traditional law enforcement frameworks largely ineffective. The paper can be downloaded from the World-Check website http://www.world-check.com.
In the paper Admiral Parry outlines how the delivery of cash ransoms leaves very little trace on systems and anti money laundering measures that are designed to track and disrupt organised crime financing. He proposes that the ready availability of poorly regulated, offshore financial institutions and corrupt individuals has added to the problems. In conclusion the paper proposes that an effective response will depend on higher levels of international cooperation and an emphasis on the identification and application of sanctions to individuals and support networks.
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