New Book: Virtual Economies and Financial Crime

I thought reader must be interested in the forthcoming title from Edward Elgar:  Virtual Economies and Financial Crime, by Dr. Clare Chambers Jones.

Here is the description from the publisher:

Virtual economies and financial crime are ever-growing, increasingly significant facets to banking, finance and anti-money laundering regulations on an international scale. In this pathbreaking and timely book, these two important issues are explored together for the first time in the same place.

Clare Chambers-Jones examines the jurisprudential elements of cyber law in the context of virtual economic crime and explains how virtual economic crime can take place in virtual worlds. She looks at the multi-layered and interconnected issues association with the increasing trend of global and virtual banking via the ‘Second Life’ MMOG (Massively Multiplayer Online Game). Through this fascinating case study, the author illustrates how virtual worlds have created a second virtual economy which transgresses into the real, creating economic, political and social issues. Loopholes used by criminals to launder money through virtual worlds (given the lack of jurisdictional consensus on detection and prosecution) are also highlighted.

Looks very promising and timely!


Comments on New Book: Virtual Economies and Financial Crime:

Gabriel says:

For a fun sci-fi exploration of the subject, I highly recommend "Halting State" by Charles Stross.

Posted May 14, 2012 10:13:31 AM | link

greglas says:

Read it. Great book.

I'm starting on REAMDE now -- have you read that one too?

Posted May 14, 2012 10:21:06 AM | link

Gabriel says:

Not yet! It's been on my to-read list for awhile, though.

Posted May 24, 2012 9:38:26 PM | link