Money Laundering Blacklists
Understanding global risks and blacklisting criteria in money laundering
Format:Paperback
Publisher:Taylor & Francis Ltd
Published:4th Oct '24
£39.99
Supplier delay - available to order, but may take longer than usual.
This paperback is available in another edition too:
- Hardback£135.00(9781032080871)
This insightful book explores the vulnerabilities of nations to money laundering and organized crime, providing critical analysis and research. Money Laundering Blacklists is essential for scholars and practitioners alike.
This book offers a comprehensive analysis of the countries most vulnerable to money laundering and the proceeds of organized crime. Money Laundering Blacklists is aimed at a diverse audience, including scholars, students in criminology, economics, and international relations, as well as practitioners from banks, professional firms, and anti-money laundering (AML) authorities. The text addresses critical questions regarding the criteria established by the Financial Action Task Force (FATF) and the European Union for identifying high-risk jurisdictions, alongside insights derived from the Panama Papers and FinCEN files.
The book is structured into two main parts. The first part delves into the concept of money laundering risk, exploring its primary determinants and providing a thorough review of existing country ratings. This includes an examination of official blacklists, grey lists, and various media leaks and scholarly articles. The second part critiques the existing ratings, addressing the myths and weaknesses associated with them, and proposes a novel approach for assessing the risk of money laundering across different countries.
Money Laundering Blacklists seeks to fill a significant gap in the literature, addressing a topic that is crucial for policy debates and media discussions yet remains under-explored. With a strong empirical foundation and a critical research perspective, this book serves as a valuable resource for both academic and professional audiences interested in the complexities of money laundering and its global implications.
"For too long, for money laundering and the policies to counter it have been 'an evidence-free zone', with lots of politics, hypocrisy and guess-work covering our enormous ignorance. Riccardi's book is a huge step forward in fixing this sad state of affairs. Money Laundering Blacklists takes an original, rigorous approach in transforming our understanding of where the real risks of dirty money lie, and how the fight against illicit finance should be re-focused. It's rare that a book can be so important and compelling for both scholars and policy-makers, but Riccardi has achieved this rare feat".
Jason Sharman, Sir Patrick Sheehy Professor of International Relations University of Cambridge
"For a nation to be blacklisted for anything is troubling. To be blacklisted for an activity as apparently serious as failure to control money laundering is deeply troubling. Yet, Michele Riccardi's scholarly but very readable book shows that the label is usually applied by official bodies in an arbitrary and unhelpful way. Riccardi offers a theoretically informed empirical approach to testing whether a country truly belongs on a money laundering blacklist".
Peter Reuter,Distinguished Professor of Public Policy and Criminology at the University of Maryland
"This book reminds us that the current state of the art on assessing national anti-money laundering risk is woefully insufficient. It usefully proposes defining AML risk from the perspective of the viewing country and dispenses with the canard that small and poor countries are the main AML problem, when in fact large, rich countries hold the lion’s share of the world’s dirty money".
Charles W Littrell, Inspector of Banks and Trust Companies, Central Bank of The Bahamas
"With money laundering risk assessments increasingly seen as the cornerstone of an effective framework to tackle financial crime, this book provides a timely analysis of existing blacklists and approaches to measure risks. It challenges and demystifies many of the methods while offering concrete and promising solutions to assess money laundering risks, taking into account how criminals move dirty money across borders and the role of both source and destination countries".
Maíra Martini, Leader of AML and Beneficial Ownership research & policy, Transparency International
ISBN: 9781032080857
Dimensions: unknown
Weight: 344g
170 pages