The Global Anti-Money Laundering Regulatory Landscape in Less Developed Countries

1. Auflage 2012
ISBN: 978-1-4094-4346-9
Verlag: Routledge

Buch, Englisch, 336 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 669 g

Examining the challenges of using the global anti-money laundering (AML) framework in an uneven global regulatory landscape, this book discusses the difficulties of relating de-regulation, liberalization and conflict of laws to the dynamics of the market economy and demonstrates how the global environment engenders money laundering. It suggests that corruption, general systemic failure and lack of infrastructural capacity in some developing economies are hampering the implementation of laws and regulations. Suggesting that these challenges can be overcome by designing AML regimes more suited to developing economies within the prevailing global climate, the book questions the assumption that that global regimes will be applicable and emphasises the need for more representation of developing economies on the relevant committees. This book is the first of its kind to present the perspective of developing economies and their involvement in AML regimes and should be of interest to those involved in business and commercial law as well as comparative law.

Autoren/Hrsg.

Mugarura, Norman

Fachgebiete

• Rechtswissenschaften Wirtschaftsrecht Handels- und Gesellschaftsrecht Handelsrecht, HGB, Handelsvertreter- und -maklerrecht

Inhaltsverzeichnis

Contents: Foreword; Preface; The conceptualization of money laundering offences and typologies; The dynamics of globalization and money laundering; The global anti-money laundering/countering the financing of terrorism framework; The evolution of a global anti-money laundering paradigm; Corruption and the domestication of global anti-money laundering regimes; Challenges to the localization of global anti-money laundering standards in less developed economies; Harmonization of global anti-money laundering laws; The proposed reforms to transpose global anti-money laundering regimes into the local economy; A glimpse into law and global markets; Conclusion; Appendices; Bibliography; Index.

Über Autor(innen)

Norman Mugarura is senior law tutor at 'The Law Tutor Limited' London. He has previously taught commercial law in Universities and Private Colleges in London.