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Presents research into how casinos in Macau, the “Monte Carlo of the Orient”, link with organised crime. Outlines the research methodology, which includes 16 in‐depth interviews with staff from law enforcement agencies, the gambling industry and elsewhere, plus field observations and secondary sources. Describes the pyramid structure of the “bate‐ficha” business and the triads which act as bouncers and protectors. Looks back at how the Macau colonial government regarded gambling as a vital industry from which it obtained most of its revenues, and in return gave the Sociedade de Turismo e Diversoes de Macau (STDM( the gaming monopoly; this symbiotic relationship created openings for triad infiltration and resulting skimming, money laundering and corruption. Concludes that the relationship between government and gaming had benefits, but the monopoly structure gave no incentive for improvement, while the situation anyway deteriorated in the 1990s as casino revenues fluctuated; unregulated competition led to increased crime and there is now urgent need to reform industry policing and management.

Discusses the relationship between organized crime and terrorism; this is an important area of research in the development of legal and other means for control both of them. Analyses paradigms of organized crime: as nationwide conspiracy, as an avenue for upward social mobility of disadvantaged ethnic groups, and as state‐organised crime or white‐collar crime. Proposes the view that in fact organisations like the Mafia should be regarded as “disorganised crime”. Explains various theories about the nature of terrorism: the instrumental approach, organisational process theory, world system theory, and military theory. Concludes that the distinction between organised crime and terrorism is less clear, since terrorists use the methods of organised crime in order to fund their activities, while organised crime groups often resemble cellular terrorist structures.

The purpose of this paper is to provide an overview and discuss the development of the UK and international measures against money laundering.

This paper examines the anti‐money laundering measures and the activities of regulatory and professional bodies both domestically and internationally.

Despite the enormous efforts and co‐operation by the governments, law enforcement agencies, professional bodies and private financial institutions, money laundering and terrorist financing remain as threatening issues. There is also the concern that stricter regulation will only add burden on the financial industry.

This paper examines the development of different measures against money laundering and thereby provides assistance to policy makers in the formulation and implementation of effective anti‐money laundering mechanisms.