What Went Wrong With Money Laundering Law?
by Peter Alldridge /
2016 / English / PDF
1 MB Download
This book surveys the development of laws surrounding the crime of
money laundering and the associated changes in the anti-money
laundering (AML) industry. The policy of attempting to
deal with crime by attacking its financial products started in the
arena of drugs, but quickly moved to organised crime, terrorism,
corruption and tax. Now the focus has shifted once again to
organised crime and to immigration. In the wake of the failure of
the ‘war on drugs' a huge amount of money is now being spent on a
global surveillance and reporting system, and we do not know
whether the system works or not.
This book surveys the development of laws surrounding the crime of
money laundering and the associated changes in the anti-money
laundering (AML) industry. The policy of attempting to
deal with crime by attacking its financial products started in the
arena of drugs, but quickly moved to organised crime, terrorism,
corruption and tax. Now the focus has shifted once again to
organised crime and to immigration. In the wake of the failure of
the ‘war on drugs' a huge amount of money is now being spent on a
global surveillance and reporting system, and we do not know
whether the system works or not.What Went Wrong With Money Laundering Law?
What Went Wrong With Money Laundering Law? documents
the events which, taken independently, could each be seen as
rational responses to specific problems and as incremental
adjustments to the focus of the law. Taken together, however,
it is demonstrated that they have led to significant changes
in the law and to the current situation. Underlying the
entire AML industry is the crime of money laundering, which,
having been devised more to provide a trigger for the
reporting machinery than to describe and condemn a particular
category of harmful behaviour, is now being used in a far
wider range of cases than is appropriate. This book will be
of great interest to scholars and practitioners of criminal
and financial law, socio-legal studies and criminology.
documents
the events which, taken independently, could each be seen as
rational responses to specific problems and as incremental
adjustments to the focus of the law. Taken together, however,
it is demonstrated that they have led to significant changes
in the law and to the current situation. Underlying the
entire AML industry is the crime of money laundering, which,
having been devised more to provide a trigger for the
reporting machinery than to describe and condemn a particular
category of harmful behaviour, is now being used in a far
wider range of cases than is appropriate. This book will be
of great interest to scholars and practitioners of criminal
and financial law, socio-legal studies and criminology.