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DAI-2604 10 January 2026 Preprint Programme II: Economic Pharmakon

Legitimate Extraction: Sophisticated Laundering Hides in Plain Sight

Hedging as the Fourth Money Laundering Stage

Murad Farzulla

Abstract

Analysis of AML regulation efficacy, examining the fourth stage of anti-money laundering frameworks and the paradoxical relationship between hedging instruments designed for protection and their potential use for illicit wealth transfer.

Suggested Citation

Murad Farzulla (2026). Legitimate Extraction: Sophisticated Laundering Hides in Plain Sight. ASCRI Working Paper DAI-2604. DOI: 10.2139/ssrn.6145046

BibTeX

@misc{farzulla2026_hedging_paradox,
  author       = {Farzulla, Murad},
  title        = {Legitimate Extraction: Sophisticated Laundering Hides in Plain Sight},
  year         = {2026},
  howpublished = {ASCRI Working Paper DAI-2604},
  doi          = {10.2139/ssrn.6145046},
  url          = {https://systems.ac/2/DAI-2604}
}

Tags

Financial Markets AML/CFT