Journal of Money Laundering Control: Volume 5 Issue 2

Lawyers' Duties under the Draft EU Money Laundering Directive: Is Confidentiality a Thing of the Past?

Helen Xanthaki

Directive 91/308/EEC has been hailed by many European Union commentators as an extraordinary advance in the cause of EU integration, not least because it is still one of the few…

Frankencrime: America's Harsh Money Laundering Penalties

Plato Cacheris, Eric Steven O'Malley

Organised crime in the USA is a central threat to economic growth and social stability. In this respect the USA is no different from other free‐market economies. Meanwhile…

In Pursuit of Dirty Money: Identifying Weaknesses in the Global Financial System

Jackie Johnson

Over the last two years a number of initiatives have been brought to the attention of the financial regulators sectors of the global financial system most at risk from money…

Money Laundering Regulation and Bank Compliance Costs: What Do Your Customers Know? Economics and the Italian Experience

Donato Masciandaro, Umberto Filotto

The objective of this paper is to illustrate the link between the effectiveness of the anti‐money laundering regulations and the characteristics of the compliance costs involved…

E‐diligence: Money Laundering Risks in the Electronic Arena

Brian P. Joyce

The advent and increasing application of electronic commercial transactions, e‐banking, new payment technologies and digital currencies poses a threat to traditional due diligence…

The Polish Financial Intelligence Unit: A New Institution in the Polish Legal System

Joanna Sieńczyło‐Chlabicz, Wojciech Filipkowski

Since the beginning of the 1990s Poland has been developing a system of counteracting and fighting the money laundering phenomenon. Such actions were started because of the need…

The Caribbean Anti‐Money Laundering Programme

Alan Lambert

Much has been written recently about the Financial Action Task Force (FATF) and more specifically, the report of 22nd June, 2000, wherein a number of countries and territories…

Drug Kingpins and Blacklists: Compliance Issues with US Economic Sanctions: Part 3

Peter L. Fitzgerald

Those parties who do become caught up in the sanctions and are blacklisted face a daunting situation. Their property and accounts are often blocked, and dealings with US parties…