Chasing dirty money: domestic and international measures against money laundering

Abstract

Purpose

The purpose of this paper is to provide an overview and discuss the development of the UK and international measures against money laundering.

Design/methodology/approach

This paper examines the anti‐money laundering measures and the activities of regulatory and professional bodies both domestically and internationally.

Findings

Despite the enormous efforts and co‐operation by the governments, law enforcement agencies, professional bodies and private financial institutions, money laundering and terrorist financing remain as threatening issues. There is also the concern that stricter regulation will only add burden on the financial industry.

Originality/value

This paper examines the development of different measures against money laundering and thereby provides assistance to policy makers in the formulation and implementation of effective anti‐money laundering mechanisms.

Citation

Veng Mei Leong, A. (2007), "Chasing dirty money: domestic and international measures against money laundering", Journal of Money Laundering Control, Vol. 10 No. 2, pp. 140-156. https://doi.org/10.1108/13685200710746857