Criminal Finance:The Political Economy of Money Laundering in a Comparative Legal ContextKluwer Law International B.V., 2002 M05 13 - 496 pages Like it or not, money launderers are major players in the world's economy. Their strategies constrain national economic policies and undermine financial institutions. With the advent of secure transfer technologies, and with the help of modern financial theories of derivatives and leverage, money laundering has become a significant structural component in contemporary geopolitics. This penetrating and thorough analysis focuses on control: how the problem is handled by legislation and regulatory and law enforcement agencies (particularly in the US and the EU), what the daunting challenges are that must be faced, what more can be attempted. In the course of developing in-depth consideration of the numerous intertwining issues that arise, the author uncovers a wealth of precise detail about what we know and what we can reasonably surmise about patterns of money laundering activity. Relevant matters covered include: the internal measuring and monitoring systems used by financial institutions; methodologies in use or in development to measure the extent of money laundering; the role of money laundering in the "informal economy"; and the global rise of new criminal organisations. |
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Page viii
... Wolfsberg Anti - Money Laundering Principles 257 262 8. Financial Institutions and Money Laundering Introduction Financial Secrecy in Context Civil Money Laundering Liability Compliance Programmes and Strategies to Control Money ...
... Wolfsberg Anti - Money Laundering Principles 257 262 8. Financial Institutions and Money Laundering Introduction Financial Secrecy in Context Civil Money Laundering Liability Compliance Programmes and Strategies to Control Money ...
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Contents
Introduction | 1 |
The Politics of Money Laundering | 39 |
The Economics of Money Laundering | 69 |
The Jurisprudence of Money Laundering | 97 |
European | 123 |
American | 168 |
Soft Law and Offshore Financial Centres | 223 |
Financial Institutions and Money Laundering | 283 |
vii | 287 |
Laundering | 312 |
Government Regulation and Money Laundering | 321 |
Law Enforcement and Money Laundering | 358 |
Conclusion | 387 |
Terrorism and Money Laundering | 402 |
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Common terms and phrases
Action Task Force Article assets associated bank secrecy capital flight clients co-operation Committee on Banking compliance concerns conduct confiscation constructive trust context control money laundering Convention corruption Council of Europe Court criminal activity criminal law Department of Justice discussed in Chapter domestic drug economic England ensure European European Union example exist Explanatory Report FATF Financial Action Task financial institutions financial markets financial services financial system FinCEN foreign forfeiture funds global identify implement imposed individual Investigations involved issues jurisdictions law enforcement agencies Long-Term Capital Management Meanwhile measures money laundering money laundering activity narcotics OECD OFCs offshore offshore financial centres operations organised crime person policies private banker problems programme prosecute regulators relevant requested country requirements respect Royal Brunei Airlines secrecy laws Section strategies suspicious activity terrorist trade transactions Treasury United Kingdom United States Department unlawful activity Wolfsberg Principle York