Table of contents
Taxing the Proceeds of Crime
John GloverIllegally acquired gains are taxable, according to the judge‐made law of common law countries. Revenue codes are surprisingly silent on the subject. For a short while, though…
The Foreign Corrupt Practices Act Within the American Response to Domestic Corruption
Henry H. Rossbacher, Tracy W. YoungIn King Henry VIII, Cardinal Wolsey, in his final speech of expiation, urges Cromwell to act honourably, arguing: ‘corruption wins not more than honesty’. Hopefully, the radical…
Narcotics Arms Trafficking, Corruption and Governance in the Caribbean
Ivelaw L. GriffithThere are four main narcotics operations in the Caribbean: drug production; the consumption and abuse of drugs; drug trafficking; and money laundering. These have numerous…
Securitisation, Money Laundering and Fraud
Andrew HaynesSecuritisation is the process of raising finance by the issuing of bonds or commercial paper. In many cases the originator of the arrangement will, in return, be selling a package…
An Economic Analysis of Money Laundering
Kris HinterseerIn 1984 the world was running a current account deficit with itself of US$100bn. The World Bank, the International Monetary Fund (IMF), the Organisation for Economic Co‐operation…
Offshore Centres and Money Laundering
Saul M. FroomkinThere was a time in the tide of men, when ‘offshore’ jurisdictions were known as ‘tax havens’, when ‘money laundering’ was an unknown phrase, when ‘insider dealing’ was sport…
China: The Crime of Embezzlement and Bribery — Weapons against Money Launderers
Ye FengThe crime of embezzlement and bribery is a wide‐spread crime in the present‐day world. It impairs the property relationship protected by the law and the reputation of state organs…
Bahamas: Civil Liberties and Privacy — The Question of Balance
Peter MaynardThe topic is extremely broad and requires definitions of civil liberties, privacy and balance, which this short paper will not undertake. From age to age, the pendulum has swung…
Australia: Taking Stock of the Financial Reporting Legislation — Senate Committee Review and Government Response
John CottonIn 1993, the operation of Australia's financial reporting legislation was reviewed by a Senate Committee (‘the Committee’). Most of the Committee's recommendations were accepted…
Singapore: Money Laundering — Legal Implications for Financial Institutions
Tan Sin LiangIn October 1995, the Singapore Commercial Affairs Department (CAD) with the assistance of the Royal Canadian Mounted Police and the US Drug Enforcement Administration, uncovered a…
Greece
Jean‐Claude ZereyGreece has implemented the EC Directive on the prevention of money laundering and the prevention of the use of the financial system for money‐laundering purposes in two stages…
India: The Misuse and Abuse of Legal Provisions in Money Laundering
B.V. KumarBillions of dollars of black money moves through the world's financial institutions as part of a confluence of grey money, as bankers call it. Most of this is profits generated…
ISSN:
1368-5201Online date, start – end:
1997Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditors:
- Dr Li Hong Xing
- Prof Barry Rider