Banking Secrecy and Offshore Financial Centers

Money laundering and offshore banking
1. Auflage 2012
ISBN: 978-0-415-52632-6
Verlag: Taylor & Francis Ltd (Sales)

Buch, Englisch, 212 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 481 g

Reihe: Routledge Research in Finance and Banking Law

This book brings together the issues surrounding banking secrecy and confiscation of criminal proceeds. The book examines the existing legal agreements at the international, regional and national levels and their interaction in the substantive areas of confiscation, anti-money laundering and banking confidentiality laws. It looks at how these agreements have been applied in offshore financial centers and demonstrates that despite a number of legally binding UN Conventions as well as global anti-money laundering recommendations, the implementation of them is often lukewarm by those Parties who have ratified the Convention and adopted obligations, because of this the confiscation legislation is incompatible with strict banking confidentiality laws. The work draws on the experience of criminologists to offer critical insight into the legislative frameworks designed to deal with banking secrecy and confiscation in offshore financial centers. It goes on to offer suggestions for measures that may be taken by major economies to circumvent the lack of cooperation by offshore financial centers as intolerance towards money laundering grows in light of recent political and economic events.

This book will be of particular interest to students and scholars of Law, Finance and Criminology.

Autoren/Hrsg.

Young, Mary Alice

Fachgebiete

• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Handels-, Wirtschafts- und Gesellschaftsrecht
• Rechtswissenschaften Strafrecht Kriminologie, Strafverfolgung
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft

Inhaltsverzeichnis

1. Introduction 2. Confiscation: Justifications and Competing Interests 3. International Law 4. Regional Law 5. Case Study: The Cayman Islands 6. Tackling Strong Banking Confidentiality to Strengthen Confiscation 7. Conclusion

Über Autor(innen)

Mary Alice Young is a a Research Assistant and tutor in financial crime with the Department of Business and Management, Aberystwyth University, UK. Dr Young gained her PhD from the Department of Law & Criminology at the University of Aberystwyth in October 2011, after previously graduating in 2005 with the LL.M International Business Law and in 2003 with the LL.B Law.