Nikos Passas, professor of criminology and criminal justice and co-director of the Institute for Security and Public Policy at Northeastern, has studied illicit financial and trade flows, including money laundering, for more than 25 years.
The global threat of trade-based money laundering is serious, but effective responses are within reach, Northeastern University professor Nikos Passas, an international financial crime expert, said at a House Financial Services Committee hearing on Wednesday morning in Washington.
Passas testified at a hearing held by the committee’s task force charged with investigating ways to cut off terrorism financing. The hearing specifically focused on the role of trade-based money laundering, which is defined as the process of disguising the proceeds of crime and moving value through the use of trade transactions that attempt to legitimize their illicit origins.
Passas, professor of criminology and criminal justice and co-director of the Institute for Security and Public Policy at Northeastern, has studied illicit financial and trade flows, including money laundering, for more than 25 years.
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Video of the full hearing is available below:
