Money Laundering Law

✍ Scribed by Peter Alldridge

• Year: 2003
• Tongue: English
• Leaves: 324
• Category: Library

✦ Synopsis

In the past twenty years action in respect to the profits of crime has moved rapidly up the criminal justice agenda. Not only may confiscation orders be made, but there are also now serious substantive criminal offenses of laundering the proceeds of crime. Moreover, the consequences of the regulatory regimes put in place by the Money Laundering Regulations 1993 and the Financial Services Authority are very significant. This book examines critically the history, theory and practice of all these developments, culminating in the Proceeds of Crime Act 2002, which marks another step in the move towards greater concentration both on the financial aspects of crime and on the internationalization of criminal law. The Act puts in place the Assets Recovery Agency which will be central to the strategy of targeting criminal monies and will have power to bring forfeiture proceedings without a prior criminal conviction and to raise assessments for taxation.

✦ Table of Contents

Preliminaries......Page 1
Preface and Acknowledgements......Page 5
Contents......Page 7
1 Introduction......Page 43
2 The Economics of Money Laundering......Page 71
3 Theory Justifications for Forfeiture Confiscation and Criminalisation......Page 87
4 History of Forfeiture and Confiscation Provisions......Page 113
5 The International Dimension......Page 131
6 Forfeiture Provisions......Page 151
7 Statutory Confiscation Provisions......Page 165
8 Investigatory Powers......Page 211
9 Beyond Confiscation Criminalisation......Page 223
10 Acquisition and Deployment of Money for Terrorism......Page 257
11 Confiscation Without Conviction Civil Recovery......Page 265
12 Money Laundering and the Professions......Page 297
Conclusion......Page 315
Index......Page 317