Document Type



Electronic commerce applications started with EFT (Electronic Fund Transfers) for large corporations, financial institutions, and a few small businesses in the early 1970s. Then, the development of EDI (Electronic Data Interchange) that expanded from financial system added this application to manufactures, retailers and services. In the early 1990s, the commercialization of the Internet had generated a number of potential Internet users rapidly. By 2008, the number of the Internet user is predicted to reach 750 million globally according to Forrest Research Institute in 1996. Among of all Internet users, approximately 50% of them are predicted to be on line shoppers in banking, investment and retailing services. As a result, it is reasonable to assume that the greater the level of the Internet usage, the higher is the risk of money laundering.