Journal of Money Laundering Control: Volume 4 Issue 3

Blacklisting: Initial Reactions, Responses and Repercussions

Jackie Johnson

On 22nd June, 2000, after a good deal of speculation, the much anticipated list of non‐cooperative countries was made public by the Financial Action Task Force (FATF). They had…

Money Laundering: The FSA Moves In

Andrew Haynes

Those carrying on ‘relevant financial business’ are already aware of the responsibilities imposed on them by the legislation relating to money laundering. At present this is made…

The International Anti‐Money‐Laundering Regime: The Role of the Financial Action Task Force

Kern Alexander

This paper analyses the international regime of rules, principles and standards designed to reduce the risk of money laundering in the international financial system. The…

Hungary: The Legacy of Economic Progress Interacting with Vulnerability to Economic Crime, 1970–2000

Nick Ridley

By the early 1980s, primarily due to the extremely adverse foreign trade balance, Hungary was forced to join the international economy, a step which itself led to economic…

Ireland: The Celtic Tiger Bites — The Attack on the Proceeds of Crime

Michael Ashe, Paula Reid

In 1996 the Irish legislature (the Oireacthas) enacted radical legislation as part of a new initiative to deal with organised crime, and with it a specialist agency, called the…

Israel: Money Laundering: A Clean Break

Guy Harpaz

The Financial Action Task Force (the chief international agency against money laundering) blacklisted Israel (June 2000) as one of the 15 countries that fail to cooperate in the…

Lebanon: The Fight Against Money Laundering

Mohammad I. Fheili

Shortly after the cessation of hostilities in Lebanon, the Lebanese government with the help of the international community (the United Nations Development Program) launched a…