Money laundering – chapter four

Abstract

Purpose

This paper sets out to evaluate the financial security consequences of the terrorists attack on the USA of 11 September 2001 with specific regard to money laundering.

Design/methodology/approach

The study itemises in minute detail the litany of actual and potential financial legislation in the wake of 9/11 in both the USA and the UK.

Findings

Basically, the study finds the depriving criminals of the proceeds of their crimes is illusory and ineffectual, since they never have sufficient funds available for confiscation in the first place.

Originality/value

The paper arguably represents the most comprehensive evaluation to date of the financial issues, both real and hypothetical, thrown up on both sides of the Atlantic by the events of 9/11.

Citation

Bosworth‐Davies, R. (2007), "Money laundering – chapter four", Journal of Money Laundering Control, Vol. 10 No. 1, pp. 66-90. https://doi.org/10.1108/13685200710721872