Purpose The purpose of this paper is to define and characterize peculiarities of countering the legalization of criminal income with the help of virtual assets. Design/methodology/approach The analysis of the legislative delineation and the realities of the practical implementation of the...

Begins with the response of the Bush administration to the terrorist attacks of September 11, including the establishment of the Foreign Terrorist Asset Tracking Centre and the passing of the PATRIOT Act, and moves on to the reaction of the global community: condemnation by the United Nations,...

Outlines the new UK Proceeds of Crime Bill, which received the Royal Assent in July 2002. Evaluates how it enhances and even demands international cooperation, most of which text is in Part 11. Details Part 11’s provisions, notably section 429 on handling external requests and orders, section...

Begins with the undoubted benefits of suspicious activity reports (SARs) in identifying and indicting terrorist financing schemes and detecting money laundering trends like abuse of telephones card sales and money order transmitters; but comparative analysis of anti‐money laundering efforts in...

Divides into two sections: the US response, and international and multilateral efforts. Describes Executive Order 13224, issued by President Bush after 11 September 2001; this expanded the list of designated terrorist organisations, and obliged all persons to block or freeze terrorist assets....

Considers how much terrorist financing is done through banks; information is scarce. Outlines the typologies of terrorist funding issued by the Joint Money Laundering Steering Group (JMLSG) and the Financial Action Task force (FATF): donations based on the zakat, and criminality in the forms of...

Summarises UK legislation, including the duty to disclose information regarding the main offence, obtaining information and evidence by search and seizure, customer information orders, and account monitoring orders; and control of terrorist cash, including modes of control ‐ seizure,...

Discusses the new section inserted by the Anti‐Terrorism, Crime and Security Act 2001 in the Terrorism Act 2000, which imposes an obligation of disclosure on a person who, in the course of his business in the regulated sector, has reason to suspect that an offence has been committed under the...

Deals with the impact of anti‐terrorism initiatives on the operational areas of investigation and enforcement. Focuses first on investigation powers, such as power to restrain terrorist property, obtain a search warrant, require production and access to particular material and an explanation,...

Reviews the progress of the measures against terrorism, a task hugely accelerated since the attacks of September 11. Outlines the US President’s power as expressed in the Executive Order on 24 September 2001; this was global in scope, and was targeted at terrorist financing and all associated with...