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Peculiarities of countering legalization of criminal income with the help of virtual assets: legislative regulation and practical implementation

Dumchikov, Mykhailo; Reznik, Oleg; Bondarenko, Olha - In: Journal of Money Laundering Control 26 (2022) 1, pp. 50-59

, proposals will be formulated to amend draft legislation on legislative regulation of the concept of “virtual assets”. The …

Persistent link: https://www.econbiz.de/10014887138

Bank secrecy in Australia: terrorism legislation as the new exception to the Tournier rule

Latimer, Paul - In: Journal of Money Laundering Control 8 (2005) 1, pp. 56-65

Questions the cost effectiveness of Australia’s legislation after 9/11 to combat terrorism by forcing banks to disclose … terrorism finance to law enforcement agencies, citing evidence from the USA as well as Australia. Contends that this legislation …

Persistent link: https://www.econbiz.de/10014886101

The 2003 Money Laundering Regulations

Alexander, Richard - In: Journal of Money Laundering Control 8 (2005) 1, pp. 75-94

Considers first the 1993 Money Laundering Regulations, which were introduced to implement the European Union’s 1991 Money Laundering Directive and were addressed specifically to the financial sector; they were amended by the Second Money Laundering Regulations 2001 [sic] to include money...

Persistent link: https://www.econbiz.de/10014886105

A guide to money laundering legislation

Rhodes QC, Robert; Palastrand, Serena - In: Journal of Money Laundering Control 8 (2005) 1, pp. 9-18

Describes the greatly extended UK legislation to prevent money laundering, which is defined as the process by which the …

Persistent link: https://www.econbiz.de/10014886106

An evaluation of the recovery of criminal proceeds in the United Kingdom

Kennedy, Anthony - In: Journal of Money Laundering Control 10 (2007) 1, pp. 33-46

Purpose – The purpose of this paper is to explore how effective the four mechanisms of UK criminal asset recovery are – confiscation, cash forfeiture, civil recovery and taxation – and whether they, or their application, might be enhanced. Design/methodology/approach – The paper draws on...

Persistent link: https://www.econbiz.de/10014886143

Money laundering regulation and risk‐based decision‐making

Ross, Stuart; Hannan, Michelle - In: Journal of Money Laundering Control 10 (2007) 1, pp. 106-115

Purpose – The current emphasis in anti‐money laundering (AML)/ counter terrorist financing (CTF) regulation on “risk‐based” strategies means that regulatory, law enforcement and reporting agencies need to respond to money laundering and terrorist‐financing threats in ways that are...

Persistent link: https://www.econbiz.de/10014886147

The wealth effects of the USA Patriot Act: evidence from the banking and thrift industries

Dolar, Burak; Shughart, William F. - In: Journal of Money Laundering Control 10 (2007) 3, pp. 300-317

Purpose – Title III of the USA Patriot Act obligated the private sector to take a more active role in deterring money laundering and disrupting terrorist financing. Complying with the new law has increased the cost of doing business dramatically for firms in the financial services industry....

Persistent link: https://www.econbiz.de/10014886156

The case for civil forfeiture

Cassella, Stefan D. - In: Journal of Money Laundering Control 11 (2008) 1, pp. 8-14

Purpose – The paper is intended to illustrate the reasons why a legislature contemplating the enactment of a set of comprehensive asset forfeiture statutes to enhance the State's ability to recover the proceeds of crime should include provisions relating to in rem civil forfeiture....

Persistent link: https://www.econbiz.de/10014886167

Indonesian stakeholder viewpoints of Indonesia's anti‐money laundering legislation

Rusmin, Rusmin; Brown, Alistair M. - In: Journal of Money Laundering Control 11 (2008) 3, pp. 261-268

's recent anti‐money laundering (AML) legislation. Design/methodology/approach – Semi‐structured interviews are conducted to …). Findings – Although there are teething problems with the application of Indonesian AML legislation, many respondents consider … Indonesian stakeholder viewpoints of Indonesian legislation, authorities are better able to gauge how limited resources may be …

Persistent link: https://www.econbiz.de/10014886185

Money laundering: from failure to absurdity

Haynes, Andrew - In: Journal of Money Laundering Control 11 (2008) 4, pp. 303-319

Purpose – The purpose of this paper is to examine the UK law relating to money laundering in the aftermath of the three statutory instruments that came into effect in December 2007. In particular the suitability and impact of the law is considered. Design/methodology/approach – The method...

Persistent link: https://www.econbiz.de/10014886189