UID:
almahu_9949385431902882
Format:
1 online resource (192 pages)
Edition:
First edition.
ISBN:
9781003212867
,
1003212867
,
9781000531039
,
1000531031
,
9781000530926
,
1000530922
Series Statement:
Routledge studies in organised crime
Content:
What are the criteria used by FATF and the European Union to blacklist jurisdictions at high-risk of money laundering? What are the countries at highest risk according to Panama Papers and FinCEN files? Where do criminals move their illicit money, according to judicial and investigative evidence? This book answers these questions. It is an unprecedented study on the countries at highest risk of attracting money laundering and organised crime proceeds - and how they are identified as such by scholars, policy-makers and AML practitioners. It targets an issue which is central to the policy debate, in the media, but is under-studied. The book is divided into two parts. Part I discusses the concept of money laundering risk, its main determinants, and carries out a review of extant country ratings, ranging from official blacklists and grey lists, to media leaks and scholarly papers. Part II discusses the weaknesses and the myths behind the current ratings, and proposes a new approach to assess the risk of money laundering across countries. With a critical research perspective, empirically-driven, this book aims to satisfy both scholars and students - in particular from criminology, economics and international relations - and practitioners from banks, professional firms, AML authorities.
Note:
List of figuresList of tablesList of abbreviationsAcknowledgmentsIntroductionPART I Money laundering risk and determinantsMoney laundering (and illicit financial flows)Money laundering riskDeterminants of money laundering risk across countries: proximity, opacity and securityAvailable measures of money laundering riskMoney laundering blacklists and grey listsOrigin and scope of AML blacklistsThe FATF blacklist and grey listThe United States INCSR listThe European Union AML blacklistBlacklists and sanctionsOther lists of high-risk countriesLists based on judicial investigationsLists based on media investigations: from Panama Papers to FinCEN filesLists based on financial/corporate data analysesLists based on crime data analysesComposite indicatorsLists developed by banks and other obliged entitiesRelations and underlying components of existing risk ratingsSummary: the gaps in existing risk ratings and blacklistsPART IIA new approach to identify countries at high-risk of money launderingRationaleMethodology and operationalisationA practical application: money laundering risk from the perspective of ItalyDiscussion and policy implicationsDiscussionPolicy implicationsLimitations and future research directionsAppendixReferencesIndex
Additional Edition:
Print version : ISBN 9781032080871
Language:
English
Keywords:
Electronic books.
;
Case studies.
DOI:
10.4324/9781003212867
URL:
https://www.taylorfrancis.com/books/9781003212867
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