Pirate Trails : Tracking the Illicit Financial Flows from Pirate Activities off the Horn of Africa
It is estimated that US$339 million to US$413 million was claimed in ransoms between April 2005 and December 2012 for pirate acts off the Horn of Africa. Twenty-first century piracy in this region has developed as a violent criminal act, which not only affects the victims but also has an impact on t...
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| Format: | Publication |
| Language: | en_US |
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Washington, DC: World Bank
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/16196 |
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okr-10986-16196 |
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oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
en_US |
| topic |
Abuse abuses access to information accountability administrative capacity aid effectiveness anti-corruption anti-money laundering armed forces Assets availability of data bank account bank officials banking system banks basic services borrowing boundaries boundary Business Activities Business Model business models businesses businessmen capability capacity building CC Chamber of Commerce civil war collapse commercial banking commodity Common Market Conflict Convention corruption counterparts Criminal criminal enterprise criminal groups criminals custom customs deposit Development Bank Distribution Network drug drug trafficking Drugs economic activities economic resources electronic transaction embassies enforcement agencies exchange of goods expenditures families farmers federal government fighting financial capacity financial crime Financial Crimes FINANCIAL FLOWS financial institutions financial intelligence financial intelligence unit financial intelligence units Financial Market financial operations financial support financial transactions flow of funds flow of goods Fraud frauds gangs global economy government officials hostage hostages human capacity humanitarian assistance identification number identity module ill-gotten money IMF information sharing Initiative Insurance premiums Integrity international actors International Bank international community international investigations international security international shipping international trade investigation investment opportunities job opportunities joint ventures Justice law enforcement Law of the Sea laws lawyers leadership legal issues license licenses Maritime Piracy market price marketing material member states mercenaries minister missing value Money Laundering money transfer money transfers monitoring mechanism monopoly movement of goods Nations negotiations negotiator Networks new technology nongovernmental organization nongovernmental organizations offense offenses organized crime outreach payment card payment methods Peace phone numbers photo Piracy Police Private Sector Private Sector Development private sectors Prosecution Prosecutions prostitutes queries Real Estate receipt reconciliation Reconstruction Refugees Regional Cooperation regulatory framework reliability remittance remittances result results Soldiers source of information Telephone Terrorism torture translation transparency trial UNDP Union United Nations Security Council unregulated financial institutions uses victims violence war war economies weapon Wire Transfers World Development world trade |
| spellingShingle |
Abuse abuses access to information accountability administrative capacity aid effectiveness anti-corruption anti-money laundering armed forces Assets availability of data bank account bank officials banking system banks basic services borrowing boundaries boundary Business Activities Business Model business models businesses businessmen capability capacity building CC Chamber of Commerce civil war collapse commercial banking commodity Common Market Conflict Convention corruption counterparts Criminal criminal enterprise criminal groups criminals custom customs deposit Development Bank Distribution Network drug drug trafficking Drugs economic activities economic resources electronic transaction embassies enforcement agencies exchange of goods expenditures families farmers federal government fighting financial capacity financial crime Financial Crimes FINANCIAL FLOWS financial institutions financial intelligence financial intelligence unit financial intelligence units Financial Market financial operations financial support financial transactions flow of funds flow of goods Fraud frauds gangs global economy government officials hostage hostages human capacity humanitarian assistance identification number identity module ill-gotten money IMF information sharing Initiative Insurance premiums Integrity international actors International Bank international community international investigations international security international shipping international trade investigation investment opportunities job opportunities joint ventures Justice law enforcement Law of the Sea laws lawyers leadership legal issues license licenses Maritime Piracy market price marketing material member states mercenaries minister missing value Money Laundering money transfer money transfers monitoring mechanism monopoly movement of goods Nations negotiations negotiator Networks new technology nongovernmental organization nongovernmental organizations offense offenses organized crime outreach payment card payment methods Peace phone numbers photo Piracy Police Private Sector Private Sector Development private sectors Prosecution Prosecutions prostitutes queries Real Estate receipt reconciliation Reconstruction Refugees Regional Cooperation regulatory framework reliability remittance remittances result results Soldiers source of information Telephone Terrorism torture translation transparency trial UNDP Union United Nations Security Council unregulated financial institutions uses victims violence war war economies weapon Wire Transfers World Development world trade World Bank United Nations Office on Drugs and Crime Interpol Pirate Trails : Tracking the Illicit Financial Flows from Pirate Activities off the Horn of Africa |
| geographic_facet |
Africa East Africa Somalia |
| relation |
World Bank Study; |
| description |
It is estimated that US$339 million to US$413 million was claimed in ransoms between April 2005 and December 2012 for pirate acts off the Horn of Africa. Twenty-first century piracy in this region has developed as a violent criminal act, which not only affects the victims but also has an impact on the region and the global economy. Chapter two describes the context and audience for the study; explains the study's methodological framework, including information on what data sources were available; and identifies the challenges in undertaking the study. Chapter three provides background on the issues of pirate activities off the coast of Somalia and the Horn of Africa, and defines the problem of piracy and its origins. Section two then focuses on understanding the financial flows with respect to piracy activities. Chapter four looks at the ransoms paid to pirates, starting with negotiations of the ransoms and the volume of money involved. Then chapter five focuses on the distribution of proceeds from piracy to the various actors involved in supporting or carrying out pirate activities. Chapter six explores the ways in which proceeds are moved in and out of Somalia. Chapter seven looks at how the financiers invest their proceeds. Following this analysis, chapter eight focuses specifically on investment by piracy financiers in the khat business and real estate. In the final section three, chapter nine of the study concludes with suggested areas for policy and operational engagement within the region and beyond. |
| format |
Publications & Research :: Publication |
| author |
World Bank United Nations Office on Drugs and Crime Interpol |
| author_facet |
World Bank United Nations Office on Drugs and Crime Interpol |
| author_sort |
World Bank |
| title |
Pirate Trails : Tracking the Illicit Financial Flows from Pirate Activities off the Horn of Africa |
| title_short |
Pirate Trails : Tracking the Illicit Financial Flows from Pirate Activities off the Horn of Africa |
| title_full |
Pirate Trails : Tracking the Illicit Financial Flows from Pirate Activities off the Horn of Africa |
| title_fullStr |
Pirate Trails : Tracking the Illicit Financial Flows from Pirate Activities off the Horn of Africa |
| title_full_unstemmed |
Pirate Trails : Tracking the Illicit Financial Flows from Pirate Activities off the Horn of Africa |
| title_sort |
pirate trails : tracking the illicit financial flows from pirate activities off the horn of africa |
| publisher |
Washington, DC: World Bank |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/16196 |
| _version_ |
1764432467748454400 |
| spelling |
okr-10986-161962021-06-08T12:08:56Z Pirate Trails : Tracking the Illicit Financial Flows from Pirate Activities off the Horn of Africa World Bank United Nations Office on Drugs and Crime Interpol Abuse abuses access to information accountability administrative capacity aid effectiveness anti-corruption anti-money laundering armed forces Assets availability of data bank account bank officials banking system banks basic services borrowing boundaries boundary Business Activities Business Model business models businesses businessmen capability capacity building CC Chamber of Commerce civil war collapse commercial banking commodity Common Market Conflict Convention corruption counterparts Criminal criminal enterprise criminal groups criminals custom customs deposit Development Bank Distribution Network drug drug trafficking Drugs e-mail economic activities economic resources electronic transaction embassies enforcement agencies exchange of goods expenditures families farmers federal government fighting financial capacity financial crime Financial Crimes FINANCIAL FLOWS financial institutions financial intelligence financial intelligence unit financial intelligence units Financial Market financial operations financial support financial transactions flow of funds flow of goods Fraud frauds gangs global economy government officials hostage hostages human capacity humanitarian assistance identification number identity module ill-gotten money IMF information sharing Initiative Insurance premiums Integrity international actors International Bank international community international investigations international security international shipping international trade investigation investment opportunities job opportunities joint ventures Justice law enforcement Law of the Sea laws lawyers leadership legal issues license licenses Maritime Piracy market price marketing material member states mercenaries minister missing value Money Laundering money transfer money transfers monitoring mechanism monopoly movement of goods Nations negotiations negotiator Networks new technology nongovernmental organization nongovernmental organizations offense offenses organized crime outreach payment card payment methods Peace phone numbers photo Piracy Police Private Sector Private Sector Development private sectors Prosecution Prosecutions prostitutes queries Real Estate receipt reconciliation Reconstruction Refugees Regional Cooperation regulatory framework reliability remittance remittances result results Soldiers source of information Telephone Terrorism torture translation transparency trial UNDP Union United Nations Security Council unregulated financial institutions uses victims violence war war economies weapon Wire Transfers World Development world trade It is estimated that US$339 million to US$413 million was claimed in ransoms between April 2005 and December 2012 for pirate acts off the Horn of Africa. Twenty-first century piracy in this region has developed as a violent criminal act, which not only affects the victims but also has an impact on the region and the global economy. Chapter two describes the context and audience for the study; explains the study's methodological framework, including information on what data sources were available; and identifies the challenges in undertaking the study. Chapter three provides background on the issues of pirate activities off the coast of Somalia and the Horn of Africa, and defines the problem of piracy and its origins. Section two then focuses on understanding the financial flows with respect to piracy activities. Chapter four looks at the ransoms paid to pirates, starting with negotiations of the ransoms and the volume of money involved. Then chapter five focuses on the distribution of proceeds from piracy to the various actors involved in supporting or carrying out pirate activities. Chapter six explores the ways in which proceeds are moved in and out of Somalia. Chapter seven looks at how the financiers invest their proceeds. Following this analysis, chapter eight focuses specifically on investment by piracy financiers in the khat business and real estate. In the final section three, chapter nine of the study concludes with suggested areas for policy and operational engagement within the region and beyond. 2013-10-24T15:47:08Z 2013-10-24T15:47:08Z 2013-11-04 978-0-8213-9963-7 10.1596/978-0-8213-9963-7 http://hdl.handle.net/10986/16196 en_US World Bank Study; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research Africa East Africa Somalia |