Hedging as the Fourth Money Laundering Stage
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.
@misc{farzulla2026hedgingparadox,
author = {Farzulla, Murad},
title = {Legitimate Extraction: Sophisticated Laundering Hides in Plain Sight},
year = {2026},
howpublished = {Farzulla Research Working Paper DAI-2604},
doi = {10.2139/ssrn.6145046},
url = {https://farzulla.org/papers/hedging-paradox}
}