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Legal instruments to combat money laundering in the EU financial market

Mohamed, Sideek - In: Journal of Money Laundering Control 6 (2003) 1, pp. 66-79

Points out that the creation of the euro currency and liberalisation of the EU financial markets has created opportunities for money laundering. Outlines international legal instruments to combat money laundering; these include the Financial Action Task Force’s 40 recommendations and the...

Persistent link: https://www.econbiz.de/10014886012

Dynamics and deficiencies of anti‐money laundering efforts in Myanmar

Joyce, Brian P. - In: Journal of Money Laundering Control 6 (2003) 1, pp. 80-84

Reports that the anti‐money laundering regime in Myanmar (Burma) has many flaws; reasons are the lack of internationally accepted money laundering provisions, weak law enforcement capacity, an under‐regulated banking system, and proliferation of drug trafficking activity. Outlines laws and...

Persistent link: https://www.econbiz.de/10014886013

The hiding of wealth: an Argentinian perspective

Ruiz, Marcelo J. - In: Journal of Money Laundering Control 6 (2003) 1, pp. 85-87

Describes the recent increase in known money laundering activities in Argentina based on drug dealing, smuggling and false export transactions of precious metals etc, as a result of the country’s vulnerable borders. Outlines briefly the first Money Laundering Bill of 1996, and finally the...

Persistent link: https://www.econbiz.de/10014886014

Money laundering control: the South African model

de Koker, Louis - In: Journal of Money Laundering Control 6 (2003) 2, pp. 166-181

Outlines the Financial Intelligence Centre Act (FICA) 38 of 2001, which completes the broad legislative framework for money laundering in South Africa. Describes the functions of the Financial Intelligence Centre, including its liaison with the South African Revenue Service, and the Money...

Persistent link: https://www.econbiz.de/10014886021

Part 3: The law in context (Sub‐group 2: Impact of the initiatives against terrorist property on banks and financial institutions)

In: Journal of Money Laundering Control 6 (2003) 3, pp. 233-247

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...

Persistent link: https://www.econbiz.de/10014886024

It takes two to tango: international financial regulation and offshore centres

Masciandaro, Donato; Portolano, Alessandro - In: Journal of Money Laundering Control 6 (2003) 4, pp. 311-330

customers, developing a supply and demand schedule for money laundering regulation and a game structure (with mathematics) for …

Persistent link: https://www.econbiz.de/10014886032

Self‐regulation in combating money laundering

Capus, Nadja - In: Journal of Money Laundering Control 6 (2003) 4, pp. 355-366

Examines the Swiss Money Laundering Act enacted in October 1997; this set up 12 self‐regulation bodies to take control … not been implemented easily and the deadlines not met: this applies to the self‐regulation, the planned cooperation … its implementation. Reviews the policy of self‐regulation as an expression of the new governmentality: the concept of …

Persistent link: https://www.econbiz.de/10014886036

Money laundering through underground systems and non‐financial institutions

El Rahman Abdalla El Sheikh, Fath - In: Journal of Money Laundering Control 7 (2004) 1, pp. 9-14

Lists the many illegal sources of dirty money. Describes the underground techniques used to launder dirty money; they include investment in real estate or industrial projects, barter deals, and trading in commodities, diamonds and precious metals. Outlines measures to combat these techniques in...

Persistent link: https://www.econbiz.de/10014886041

Money laundering regulations in Jordan: a positive example of Middle Eastern country earnest about catching up with international financial standards

Minwer Al‐Rimawi, Lu’ayy - In: Journal of Money Laundering Control 7 (2004) 1, pp. 15-17

Regulations No. 10 for 2001 is Jordan’s first specialised regulation on money laundering. …

Persistent link: https://www.econbiz.de/10014886042

Israel: the impact of the anti‐money laundering legislation on the banking system

Plato‐Shinar, Ruth - In: Journal of Money Laundering Control 7 (2004) 1, pp. 18-37

Describes the background to the Prohibition on Money Laundering Law, 5760‐2000, which criminalises money laundering and reflects the fact that Israel had become a haven for money launderers in the preceding decade. Lists offences under this law, obligations imposed on providers of financial...

Persistent link: https://www.econbiz.de/10014886043