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The book analyses the development of international standards for countering terrorist financing from the perspective of international criminal law. It is likely to find its value for readers not only as a monograph on the financing of terrorism but also as a reference book on the operational and theoretical development of anti-money laundering strategy following 9/11. In particular, the works of main actors in this area such as the UN Security Council, Financial Action Task Force, IMF, World Bank, and APG are dealt with in depth.

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Integrity in Mobil Phone Financial Services explores strategies to identify and manage potential money laundering and terrorist financing risks in mobile financial services. The paper provides guidance on the best means of assessing perceived versus actual risks and identifies specific measures to mitigate the actual risks. ... Read more

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Excellent Read
This book is a remarkable piece. It opens ones eyes to the potential money laundering risks in mobile financial services. Great read. Very informative. ... Read more

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Money laundering has been around as long as there have been illicit businesses, since criminals have always had to convert their ill-gotten gains into clean financial instruments in order to utilize them in legitimate business. Grosse explores how drug traffickers turn profits from street sales of cocaine and crack into bank accounts, airplanes, securities investments, and other uses. These schemes are both creative and extensive, from shipping suitcases of dollars to Mexico, to buying gold with drug cash in California, to faking the export of clothing from Colombia to Panama. The amounts of money involved are often staggering--hundreds of millions of dollars in most cases. ... Read more

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A Good Weekend Read
This is a great book if you are looking for a very general background as to what American authorities deem to be money laundering. The book has some interesting recounts of some of the methods deployed by former narcotic syndicates and how they attempted to launder their many millions of illict proceeds. (Beware; most of the examples of former schemes deployed (ie the Andonian Brothers-La Mina) are well dated, pre-FINCEN and internet self-banking).In sum, the book discusses everything from a broad overview of the bank secrecy act, other revelant U.S.C. statutory provisions with respect to money laundering, specific form documents (ie CTRs,), and the use of foreign exchanges(legal and black market) to launder illict narco proceeds.I would recommend this book to anyone interested in the money laundering aspect of the illict drug business.However, if its current money laundering issues and techniques you seek, you maybe a little disappointed. ... Read more

Customer Reviews (5)

Provocative but Flawed
This book is a near miss that still deserves to be read, though the author is repetitive and his reasoning is flawed. he describes the creeping dismantling of democracy in all its variants through the collusion, if not conspiracy, of politicans, drug traffickers and the banking industry. He cites interesting cases but strays off on tangents and reaches conclusions that could just as easily be reversed with a slightly different perspective. Clearly he has an agenda and refuses to seriously consider subtlety or nuance, dismissing such attempts as "counterculture" or misguided liberalism. Though there is no argument with regard to the very real dangers that the money of the drug business poses to national governments evrywhere, he decides to strike out at hippies, anti-war protestors, the CIA and George Soros, who he obviously equates to the AntiChrist.There remains to be written a book with this topic that is not judgemental and avoids aimless redundancies. Still, having said all this, Johnson did get me thinking about these issues, and even made me appreciate some of the arguments against decriminalization. Though I don't agree with much of his analysis, he poses interesting viewpoints that everyone should be aware of.

At last some clarity on drug policy
Professor Jordan's Drug Politics sheds critical light on one of the most persisting problems of the post-World War II period:How to properly tackle the problem of the illegal drug trade.What I found most valuable was Dr. Jordan's identification of the false underlying assumptions that have plagued America's anti-drug policy for decades, and have led many people, in frustration, to accept the even more deeply flawed arguments of those proposing the legalization of drugs.The vast majority of treatments of the drug plague fail to take into account the witting role of powerful "overworld" forces, including those in the banking and financial community, who engage in drug money laundering;politicians who become witting captives of the drug interests; and media and cultural industrialists who profiteer off of their own promotion of the drug culture.This book is a real thought provoker, and, what is best, the careful diagnosis of the false assumptions give one the idea that a viable approach to dealing with the deadly plague of illegal drugs may, at last, be possible.In addition to having the courage to names some of the names of the "overworld" figures promoting the drug epidemic for their own gains, the book provides invaluable historical background and insight.Yet, it is not an overly written academic treatment.It is one of those rare books that is too good to put down.

An interesting crackpot conspiracy theory
This seems at first like a solid, academic, study. There's some interesting material on corruption in Mexico and Columbia, and on government use of drugs dating back to the Opium Wars. But by the time you get to chapter 10, on "Cultural Underpinnings of Modern Drug Consumption," it's hard not to realize that in fact the book puts forward a ... conspiracy theory: Freemasons, George Soros, Paul Allen, Satanic rock musicians, Playboy magazine, Aldous Huxley, George Soros again... -- they've all supposedly been involved in a vast conspiracy to promote drug use to undermine the state. ...

The Drug Problem is a bigger problem
At last a comprehensive study of the "Drug Issue". This book not only deals with hard facts but provides a solid theoretical framework of analysis. The author provides a lot of information and references, plus a new interpretation on the nature of the Drug Problem seen in a historical perspective. If you want to know how Drugs, Governments, Businessmen, Financial Institutions, media and organized crime are related: read this book! A must for politicians and community leaders!

A great start for policy debate
Mr. Jordan focuses on the process of "narcostatization," the corruption of a polictical system by the cooperation with and infiltration from large scale narcotics traffic. He discusses several theories of deomocracy and corruption before using specific examples to show how interference in democracies can occur (including one very surprising northern European "stable democracy"). I had read specific case examples such as McCoys "Politics of Heroin", and "White Out." I appreciated the theoretical framework offered by Jordan. All sides of the legalization debate-as well as anyone interested in being an informed citizen-should read this work. ... Read more

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Money laundering is a problem of some magnitude internationally and has long term negative economic impacts. Brigitte Unger argues that today, money laundering is largely linked to fraud and that it is not only small islands and tax heavens which launder, but increasingly, industrialized countries like the US, Australia, The Netherlands and the UK. Well-established financial markets and growing economies with sound political and social structures attract launderers in the same way as they attract honest capital.

The book gives an interdisciplinary overview of the state-of-the-art of money laundering as well as describing the legal problems of defining and fighting money laundering. It then goes on to present a number of economic models designed to measure money laundering and applies these to measuring the size of laundering in The Netherlands and Australia. The book also gives an overview of techniques and potential effects of money laundering identified and measured so far in the literature. It adds to this debate by calculating the effects of laundering on crime and economic growth.

This book will be of great interest to lawyers, financial experts, economists, political scientists, as well as to government ministries, international and national organizations and central banks. ... Read more

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Money laundering is one of the most potentially fraught areas for trustees, practitioners and their professional advisors. Money Laundering Compliance 2ed crucially examines changes in the UK regime with a particular emphasis on the role, liabilities and obligations of trustees within it. Featuring an examination of the range of offences and the application of AML principles in a number of relevant jurisdictions, Money Laundering Compliance discusses key practical issues such as Know your Client, reporting procedures, the conflict between tipping-off and disclosure, and advises practitioners who find themselves involved with trusts under investigation. This new second edition has been fully revised to take account of the EU Directive on Money Laundering which comes into force in Dec 2007. ... Read more

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Theft, deception, bribery, rogue trading and money laundering present massive and apparently insuperable problems for governments worldwide. On a national and international scale, these types of activities may have social, economic and political repercussions. This new text is primarily concerned with the impact of these activities upon private individuals. The text analyses the position of the victim, the fraudster, recipients of property and accessories. The focus is upon the civil law aspects of fraud and the increasing significance of money laundering legislation and the law of human rights.
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It has long been believed that the most effective way to immobilise organised criminal activity lies in blocking the channels that allow illegally-obtained assets to enter the economic mainstream. Yet even as international law enforcement cooperation in this vital endeavour becomes ever more focused, the bewildering domain of criminal money laundering techniques remains elusive. The "gross national product" of international crime still exceeds that of many nations.

The special value of this new book is to be seen in its close conjunction of what we know of laundering channels and methods on the one hand and existing legal regimes (both preventive and reactive) on the other. Although major victories on the side of law and order are not numerous so far, the author clearly demonstrates that progress is being made in certain areas and that the overall thrust of international law and cooperation in the field is growing stronger. She goes on to identify a number of linkages between criminal necessities and potential legal measures that are likely to bear fruit.

Among the central problems considered and elucidated are the following:

the systemic corruption engendered by money laundering; the secrecy inherent in the offshore financial industry; the shortcomings of criminal penalties for money laundering; the tensions created by extraterritorial jurisdiction; the identification of responsible criminal parties; the conceptual complexities in the civil law; the limitations of international police and judicial assistance; and the often contradictory effects of U.S. foreign policy. The book's focus is on the Caribbean-and particularly on the Cayman Islands, the Bahamas, and Jamaica-to keep the discussion within manageable bounds. This specialisation permits a close comparison of the way local laws interact with international and extraterritorial measures designed to intercept illegal money "on the way to the laundry". It is the author's belief that the insights gained by this in-depth comparison will shed light on the paths to be followed by law enforcement agents and judicial tribunals as they pursue their goal of stemming the flow of laundered illegal money into the world's economies. ... Read more

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An essential practical guide for compliance professionals, lawyers and regulatory consultants on how to implement a proportionate and effective anti-money laundering regime.Focuses on how a system can be constructed to prevent firms from being used to further financial crime, and how to avoid regulatory penalties.Looks at how firms can implement legislation, guidance, regulations and advice that has been released from a variety of sources, both national and international.Contains practical guidance on the implementation of a compliance regime, rather than detailed descriptions of legislations or glamourised versions of the money laundering process.Topics covered include:- Customer identification - The role of the money laundering reporting officer - Staff training and awareness - Internal reporting and reporting to the National Criminal Intelligence Service - Systems and controls to prevent money laundering - Keeping up-to-date with national and internationaldevelopments in anti-money laundering ... Read more

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Drug trafficking is the most visible part of the profits of organized crime, which have grown considerably since the end of the cold war. The mirror of history shows us the impact of the drug trade in the colonization of Asia. The post cold war geopolitical context reproduces elements of the past, with new opportunities for drug trafficking in the globalization process, as can be seen in the example of China, and the lasting impunity in terms of money laundering. With the growing role of offshore locations in the global financial system, criminal prosperity has even affected the economic stability of some countries. This book presents a new and heterodox interpretation of the post cold war financial crisis, by focusing on the unexplored dimension of illicit actors.
The Mexican crisis of 1994 and its 'tequila effect' is analyzed as a model of a 'cocaine effect' from the local laundering of profits from the sale of drugs in the US. The Japanese crisis of the 1990s is put in relation to the economic influence of the Yakuza on the real estate bubble, which had the effect of postponing necessary market adjustments. And the Thai crisis of 1997 is analyzed in the light of massive money laundering of institutional and criminal networks, whose undeclared profits represent about 10% of GDP.
These three case studies, which are confirmed in the conclusion by a short analysis of the Russian crisis of 1998, demonstrate how money laundering, with the complicity of some political parties eager to cover their electoral expenses, has distorted local financial intermediation by stimulating real estate and stock market bubbles. This new interpretation will be of interest to anyone concerned with international affairs, students of world politics and economics, and specialists on the third world. ... Read more

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This new title provides a clear, comprehensive guide to a complex area of law which affects everyone who works in the financial services industry and everyone who opens a bank account. The law is analysed and explained with reference to the Money Laundering Directive and the work of the Financial Action Task Force, as well as to the important guidance issued by the Joint Money Laundering Steering Group. The first part of the book explains and discusses the offences and investigative tools. The second part of the book reproduces the statutory material with annotations which are intended to deal with the technical "nuts and bolts" of the law. ... Read more

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This Financial Insights report reviews the major changes in anti-money laundering (AML) regulations across the world. The report discusses the major elements of an effective AML program in a bank and explains the role of a risk-based AML approach in better allocation of resources and improving efficiencies of AML programs.

Titien Ahmad, research manager with the Financial Insights Asia Pacific Banking Advisory Service, says "The major global financial institutions are still in the process of implementing their due diligence framework and are still in the early stage of the learning curve with regards to building a comprehensive AML program. In Asia, spending in AML programs will likely be trend upwards during the next two to three years."

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This fully revised and updated new edition takes into account important recent developments including: the Court of Appeal's decision in Bowman v Fels; changes made by the Serious Organised Crime and Police Act 2005; new money laundering guidance issued by the Law Society; ensure your practice is compliant, order your copies today. ... Read more

Customer Reviews (1)

Steady and informed guidance for the solicitor and public access barrister
Watch Video Here: http://www.amazon.com/review/R195AV57CFZK59 MONEY LAUNDERING - THE NEW SECOND EDITION JUST OUT!
STEADY AND INFORMED GUIDANCE FOR THE SOLICITOR AND PUBLIC ACCESS BARRISTER

An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers

Money laundering - a teeth chattering two word phrase thatcan certainly elicit spinal shivers in the most stalwart solicitor- is the subject of this extremely useful book that can help you save time, and ensure compliance on the part of your clients, enabling you to be confident that you are providing best advice on this often vexed matter.

In this its third edition, this useful volume guides you through the tangled thickets of money laundering legislation, which have become somewhat more tangled following the introduction of the Money Laundering Regulations 2007, implementing the requirements of the EU Directive on money laundering on 15 December 2007.As a result, wider administrative requirements are being imposed on solicitors in relation to clients' use of services.

The guide also covers and the Law Society's Anti-money Laundering Practice Note of 22 February 2008 - another milestone in the evolution of the law and practice concerning anti-money laundering - from which the author has quoted extensively. Also contained in the appendix to the book is the full text of the Law Society's most recent Anti-money Laundering Practice Note of 22 February 2008 which, (at the time of the book's publication, November 2008), was submitted to the Treasury for approval.

In the words of Sir Stephen Lander, Chair, Serious Organised Crime Agency, 'the Money Laundering Regulations 2007 (in force as at December 2007) `incorporate a risk-based approach to customer identification and due diligence and will have a direct impact on solicitors and their dealings with their clients....' `It is no longer possible, says Peter Camp, `to turn a blind eye to a client's potential criminal transaction'.

User-friendly, straightforward and accessible, `Solicitors and Money Laundering' illustrates with practical examples some of the complexities encountered within this area of law. Of particular interest is Part 2 of the book with its section on `How to spot money laundering activities in a solicitor's practice'.This section is directly relevant to those barristers who can now accept public access work and have done the course which strongly features how to deal with money laundering issues.

With key texts and legislation included in the appendices, plus useful Table of Cases and Table of Statutes, this is an invaluable work of reference for the well prepared solicitor's library.

ISBN: 978-19-85328-753-4
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This popular book, regularly cited in court proceedings, has established itself as a core reference on the laws of drug misuse and trafficking. Offering a balance of law and procedure, it is relied upon by all sectors of the criminal legal system. With its impartial approach, both defence lawyers and the police draw on its clear guidance. It covers all offences as well as evidence, sentencing and confiscation orders (drug trafficking), and also provides clinical information on the different types of drugs available to assist the practitioner in this highly complex clinical side of the law. * Includes helpful flow charts and diagrams showing mechanics of civil recovery and summary of controls under existing drug legislation * Fully updated to reflect the latest changes, including the Drugs Act 2005, the Serious Organised Crime and Police Act 2005 and the Criminal Justice Act 2003 ... Read more

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Criminal enterprise today supports a huge global economy, with a gross ¿domestic¿ product estimated at as high as five percent of world GDP. The World Bank puts the proceeds of crime, in recent years, at US$800 billion to US$1 trillion annually¿a degree of economic leverage trumped by only a few of the world¿s most developed nations.

The ravages of transnational crime are apparent everywhere¿terror, addictive and debilitating drugs, the ubiquity of combat rifles and handguns, political corruption, smuggling, tax evasion, trading in women and children, counterfeiting of goods and currency, and much more. Money laundering¿the methodology by which ill-gotten gains are legitimized¿is the visible link at which such crime can be most effectively attacked, as this powerful work by a leading expert demonstrates.

Using the Indian experience (with which he is well acquainted) to particularize the issues, the author investigates the forces that determine the various means of money laundering and its opposition in today¿s globalized world. These include the following: