An evaluation of the UK’s anti-money laundering and asset recovery regime

Sproat, Peter A.

doi:10.1007/s10611-007-9076-2

Cited by 15 publications

(7 citation statements)

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“…The money that is taken away from offenders should at least have some impact on them. Further research should focus on the effects of different sanctions and measures (see also Collins and King, 2013; House of Commons, 2014: 11; Sproat, 2007: 183–4). How are offenders, the level and type of the criminal activities they engage in, and their modus operandi affected?…”

Section: Conclusion and Discussionmentioning

confidence: 99%

Explaining attrition: Investigating and confiscating the profits of organized crime

Kruisbergen

Kleemans²,

Kouwenberg

2016

European Journal of Criminology

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In this article, we provide insight into a common but scarcely researched problem in the process of confiscating criminal earnings: attrition, that is, the gap between estimated criminal profits on the one hand and the actually recovered amount of money on the other. We investigate the practice and results of financial investigation and asset recovery in organized crime cases in the Netherlands by using empirical data from the Dutch Organized Crime Monitor, confiscation order court files, and the Central Fine Collection Agency. The data shed light on financial investigation in practice and give a complete picture of the confiscation order court procedures as well as the execution of those orders for 102 convicted offenders – from public prosecutors’ claims and rulings of the initial, appeal and the Supreme Court, to what offenders actually pay. The phenomenon of attrition can be explained by several factors, but an important factor turns out to be how ‘criminal profit’ is defined (determined) in law and practice.

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Section: Conclusion and Discussionmentioning

confidence: 99%

Explaining attrition: Investigating and confiscating the profits of organized crime

Kruisbergen

Kleemans²,

Kouwenberg

2016

European Journal of Criminology

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“…Therefore, it is necessary for other countries especially developing countries to conduct FATF recommendations in their AML/ CTF frameworks. Sproat (2007) highlights the massive investments made in AML regimes as another challenge facing governments. He declares that the AML regimes not only cannot achieve their objectives but also impose some costs on the financial sectors without these investments.…”

Section: Hypotheses Developmentmentioning

confidence: 99%

Anti-money laundering developments in Iran

Salehi

Imeny

2019

QRFM

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Purpose Money laundering has become a global concern in recent years, and many countries attempt to employ some preventive measures to cope with this phenomenon. Anti-money laundering (AML) controls vary in different countries, and consequently many studies, to date, have taken account of these differences along with the AML efforts. In this regard, financial institutions play an important role to tackle money laundering by involving in all three stages of money laundering (placement, layering and integration). The purpose of this paper is to investigate the AML situation of the Iranian banks and also study some related variables. Design/methodology/approach Using the Wolfsberg questionnaire, a survey consisting of 24 Iranian authorized banks in 2017 was conducted. Findings We conclude that Iranian banks have proper AML controls in place. Furthermore, it is concluded that banks with more staffs and more experienced employees are more likely to establish strong AML controls; conversely, banks with more branches are less likely to set up strong AML controls. Originality/value The present study is the first study conducted in Iran, and the outcomes of the study may be helpful to the Iranian and also International Banking System to establish stronger AML controls.

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“…Given the size of the banking sector, money laundering regulation has affected British banks and financial institutions in many respects (Sproat 2007;Levi 2010;Bergström et al 2011). Other than in the case of human trafficking or conflict diamonds, there had been no non-state advocacy related to money laundering.…”

Section: Public-private Interaction In the United Kingdommentioning

confidence: 99%

Non-state Actors and Global Crime Governance: Explaining the Variance of Public-private Interaction

Jakobi

2015

The British Journal of Politics and International Relations

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This article: • Shows the variance of non-state actors in global crime governance and transnational governance in general, and shows that existent accounts fail to explain this variance. • Proposes a model of how we can understand the different roles of non-state actors, distinguishing normative from rationalist reasons for non-state actor involvement. • Compares different forms of current global crime governance (human trafficking, conflict diamonds, money laundering, cybercrime) to explore the validity of the model. • Shows that non-state activism and public debate are usually only related to a specific type of crime, turning a 'blind eye' to other forms of crime and their governance. • Argues that this creates problems with regard to oversight and discussion of global crime governance, exemplified with regard to intelligence surveillance via internet traffic. Global crime governance has become a major area of international activity, including a growing number of public and private regulatory efforts. Yet it is puzzling that a considerable variance exists in how state and non-state actors interact: non-state actors have been important agenda-setters in some issue areas, while they have been absent in others. Sometimes they are implementation bodies, sometimes they set regulations themselves. I argue that this variance is caused by issue characteristics: If an issue area is framed in a highly moralised way, it is likely that resulting nongovernmental activity can be explained by normative convictions, and in particular advocacy occurs frequently. If an issue area is framed in a technical way, resource exchange is central, and delegation to non-state actors becomes more prominent. A comparison of human trafficking, conflict diamonds, money laundering and cybercrime shows that this relation can be found on the global and national level.

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An evaluation of the UK’s anti-money laundering and asset recovery regime

Cited by 15 publications

References 0 publications

Explaining attrition: Investigating and confiscating the profits of organized crime

Explaining attrition: Investigating and confiscating the profits of organized crime

Anti-money laundering developments in Iran

Non-state Actors and Global Crime Governance: Explaining the Variance of Public-private Interaction

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