Comparative

Read e-book online A Comparative Guide To Anti-Money Laundering: A Critical PDF

By Mark Pieth

ISBN-10: 1843766736

ISBN-13: 9781843766735

ISBN-10: 1845421612

ISBN-13: 9781845421618

The entire significant monetary centres have skilled an increase in anti-money laundering principles and laws. at the beginning, anti-money laundering legislation have been used as a weapon within the battle on medications, when extra lately they've been deployed within the ongoing struggle opposed to terrorism. those advancements, the authors display, have had critical results for banks and different monetary associations - affecting not just revenue margins but in addition the way enterprise is carried out. Topical and pertinent concerns addressed during this booklet contain questions comparable to, has the entire fresh legislative job quite placed a cease to the matter? Are the foreign ideas being applied as conscientiously as they need to? How point is the enjoying box in go border banking? The regimes and implementation of anti-money laundering legislation and laws of 4 significant, go border, monetary centres also are tested intensive: Switzerland, Singapore, the united kingdom, and the united states. Going past the only descriptive, there are comparative analyses of those international locations opposed to latest foreign criteria - with illuminating effects. This new booklet is filled with unique perception and research and may be a useful source for attorneys, either scholarly and practitioner established, with an curiosity in financial crime in addition to policymakers and compliance officials inside banks and different monetary associations.

Show description

Read or Download A Comparative Guide To Anti-Money Laundering: A Critical Analysis Of Systems In Singapore, Switzerland, The Uk And The USA PDF

Similar comparative books

Download e-book for kindle: Enforceability promises european contract law by James Gordley

Professor James Gordley opens this quantity with a concise historical past of the felony prestige of can provide. within the primary a part of the publication felony specialists study how twelve smooth ecu criminal structures care for fifteen concrete occasions within which a promise will not be enforceable--situations that come with presents, loans, bailments, homes, rewards, and brokerage contracts.

The Cultural Lives of Capital Punishment: Comparative - download pdf or read online

How does the best way we predict and think concerning the global round us have an effect on the lifestyles and management of the dying penalty? What function does capital punishment play in defining our political and cultural id? After centuries in which capital punishment used to be a standard and self-evident a part of legal punishment, it has now taken on a lifetime of its personal in quite a few arenas a ways past the boundaries of the penal sphere.

Read e-book online Commonwealth Caribbean Property Law PDF

Due to its immovable and indestructible nature, land legislations is topic to a much wider number of rights, responsibilities and pursuits than so much different parts of legislations and will usually end up formidable to these learning the topic for the 1st time. Commonwealth Caribbean estate legislation units out in a transparent and concise demeanour the critical ideas of estate and land legislation within the area in an effort to consultant scholars via this usually advanced and complicated center topic quarter.

Extra info for A Comparative Guide To Anti-Money Laundering: A Critical Analysis Of Systems In Singapore, Switzerland, The Uk And The USA

Sample text

From a current perspective, the text is rather basic, however it has been a crucial contribution to the creation of modern CDD rules: Clearly drawing on the Swiss CDB, as far as it relates to customer identification, giving the backbone of the ‘Know-your-customer (KYC)-principle’, namely: ‘Banks should make reasonable efforts to determine the true identity of all customers’. The details though were still left open. It went on to state; ‘It should be an explicit policy that significant business transactions will not be conducted with customers who fail to provide evidence of their identity’.

Theoretically, this would be relatively unproblematic because such Recommendations would ultimately have to be translated into domestic law by national parliaments. However, these Recommendations have proved to be politically binding. The peer process depends on ‘naming-and-shaming’ mechanisms, but in practice states – at least the smaller ones – do not have a choice of whether to implement or ignore the Recommendations. The ‘Forty Recommendations’ even include formal sanctioning procedures, when special attention is requested in relation to persons, companies and financial institutions based in countries that apply these Recommendations insufficiently (Rec.

To date, sanctioning procedures within the Group have generally been far more subtle in practice. 34 It opens up the process to the pragmatic expansionism of crime control concepts, it does not guarantee respect for the rule of law and, ultimately, the risk of hegemony is 12 A comparative guide to anti-money laundering germane to the notion of peer pressure. Insistence on the Nation State’s ways of law making is no real alternative when developing internationally co-ordinated rules as long as there is no ‘World Parliament’.

Download PDF sample

A Comparative Guide To Anti-Money Laundering: A Critical Analysis Of Systems In Singapore, Switzerland, The Uk And The USA by Mark Pieth


by Brian
4.2

Rated 4.24 of 5 – based on 36 votes