Originally developed to reduce drug trafficking, efforts to combat money foundering have broadened over the years to address other crimes and, most recently, terrorism. In this study, [the authors] look at the scale and characteristics of money laundering, describe and assess the current anti-money laundering regime, and make proposals for its improvement.-Back cover.

Originally developed to reduce drug trafficking, efforts to combat money foundering have broadened over the years to address other crimes and, most recently, terrorism. In this study, the authors look at the scale and characteristics of money laundering, describe and assess the current anti-money laundering regime, and make proposals for its improvement. -- From back cover.

Billions of dollars are wasted each year trying to prevent ‘dirty money’ entering a financial system that is already awash with it. The authors challenge the global approach, arguing that complacency, self-interest and misunderstanding have now created long-standing absurdities. International and government policy makers inadvertently facilitate tax evasion, corruption, environmental and organised crime by separating crime from its root cause. The handful of crime fighters that do exist are starved of resources while an army of compliance box tickers are prevented from truly helping. The authors provide a toolbox of evidence-based solutions to help the frontline tackle financial crime.

This work describes the situation of global money laundering, including new methods, which make full use of the new technologies and how the world community is combatting this problem

"This new work by Margaret E. Beare and Stephen Schneider brings empirical evidence to the study of money laundering in Canada. The authors challenge the dominant, seemingly common-sense notion, fuelled by political posturing and policing rhetoric, that taking the profits away from criminals (proceeds of crime enforcement) is a rational and effective tactic. Using extensive research involving records gathered from police, financial institutions, and legal sources, the authors paint a picture of a dubiousenforcement strategy beset by conflicting interests and agendas, an overly ambitious set of expectations, and reliance on an ambiguous body of evidence as to the strategy's overall merits."--BOOK JACKET.

Praise and Reviews`Entertaining, well written and well presented.`JOHN MULQUEEN, The Irish Times`Paints an alarming picture of the power and scale of today`s crooked and corrupt financial world. Lilley has done his homework.`THE IOD`S DIRECTOR MAGAZINE`S `Choice of the Month``[Peter Lilley is] the leading British money laundering expert.`DAILY MAIL`Paints an alarming picture.`THE INSTITUTE OF DIRECTORSOver US$1.5 trillion in 'dirty' money is washed and moved around the world every year, much of it by organized crime syndicates grossing more than many developed economies. And amazingly all the facilities you need to launder money can be bought off the Internet.Dirty Dealing is the first book to truly expose the awesome scale and scope of global money laundering and its infiltration into the world's legitimate business structures. Peter Lilley lifts the lid on this murky and frightening underworld to reveal how highly organized and sophisticated criminal organizations and terrorist groups are seriously undermining the economies of many countries, their financial systems, governments and businesses. Full of incredible stories, facts and figures, it has been extensively revised and includes information on:the funding of international terrorism;major national and international criminal groups;the impact of the Internet and 'cyber laundering';anti-money laundering strategies for all types of businesses.A shocking and eye-opening account, Dirty Dealing is the first book to show how the proceeds of global organized crime are laundered throughout the world's banking systems to emerge without a hint of a stain, and more than likely into your bank account or pocket.CONTENTSPreface: My beautiful launderette1. In the beginning...2. The nth largest global business activity3. The nearest thing to alchemy4. Lost in the wash: the business of money laundering5. Complete anonymity6. Washed in space: cyber laundering in the 21st century7. The laundering of terror8. Whiter than white: the official response9. Coming clean: preventative strategies for business10. The final spinAppendix I: Country indexAppendix II: Web directoryAppendix III: Glossary of termsReferences and further readingIndex

Anti-money laundering and countering the financing of terrorism (AML/CFT) continues to be a dynamic subject area. Dirty money has again been revised and expanded to keep pace with international developments over recent years, and this is the fourth edition. Since the third edition, all countries in the Financial Action Task Force (FATF) and MONEYVAL, the Council of Europe's primary AML/CFT monitoring arm, have been subject to detailed evaluation under the 2003 FATF recommendations. This edition explains how the interdependent network of global assessment bodies works to identify countries which pose threats to the global financial system. The European Union's third directive has been brought into force since the last edition and its provisions are fully analysed. This edition also explains how the most recent Council of Europe treaty in this area, the Warsaw convention, which came into force in 2008, can assist states to achieve more effective money laundering investigations and prosecutions, as well as deterrent confiscation orders. This book, as with the previous editions, is designed for a wide audience, not only actors in national AML/CFT systems in both the public and private sectors, but also all those who simply wish to be better informed about how the international community continues to fight these truly global threats.