What Went Wrong with Money Laundering Law?

ISBN-13: 9781137525352 / Angielski / Twarda / 2015 / 81 str.

Peter Alldridge

Opis

This book surveys the development of laws surrounding the crime of money laundering and the associated changes in the anti-money laundering (AML) industry.

Recenzje

"What Went Wrong with Money Laundering Law is a timely intervention. The book is a continuation of Alldridge's sustained concern about the expansion of money laundering regulations ... . I very much enjoyed reading this book. It provides an important antidote to the juggernaut of AML." (Penny Crofts, Current Issues in Criminal Justice, Vol. 28 (2), November, 2017)

Spis treści

Introduction and a Short History.- What Does Laundering Look Like?.- Building on Sand: The Development of the AML Narrative.- Impacts upon Substantive Laundering Law.- Resultant Law.- Consequences and Prescriptions.- What Is To Be Done?.

O autorze

Peter Alldridge is Drapers' Professor of Law at Queen Mary University of London, UK, since 2003. He is the author of Relocating Criminal Law (2000) and Money Laundering Law (2003) and a wide range of articles. He specializes in financial crime.   

Blurb

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? 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.