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What Went Wrong With Money Laundering Law?

  • Book
  • © 2016

Overview

Authors:
  1. Peter Alldridge

    1. Department of Law, Queen Mary Univ of London, Queen Mary, United Kingdom

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Table of contents (2 chapters)

  1. Front Matter

    Pages i-xxi
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  2. Introduction and a Short History

    • Peter Alldridge
    Pages 1-31

  3. Impacts upon Substantive Laundering Law

    • Peter Alldridge
    Pages 33-78

  4. Back Matter

    Pages 79-81
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Keywords

About this book

This book surveys the development of laws surrounding the crime of money laundering and the associated changes in the anti-money laundering (AML) industry. The policy of attempting to deal with crime by attacking its financial products started in the arena of drugs, but quickly moved to organised crime, terrorism, corruption and tax. Now the focus has shifted once again to organised crime and to immigration. In the wake of the failure of the ‘war on drugs' a huge amount of money is now being spent on a global surveillance and reporting system, and we do not know whether the system works or not.

What Went Wrong With Money Laundering Law? documents the events which, taken independently, could each be seen as rational responses to specific problems and as incremental adjustments to the focus of the law. Taken together, however, it is demonstrated that they have led to significant changes in the law and to the current situation. Underlying the entire AML industry is the crime of money laundering, which, having been devised more to provide a trigger for the reporting machinery than to describe and condemn a particular category of harmful behaviour, is now being used in a far wider range of cases than is appropriate. This book will be of great interest to scholars and practitioners of criminal and financial law, socio-legal studies and criminology.


Reviews

“What Went Wrong with Money Laundering Law is a timely intervention. The book is a continuation of Alldridge’s sustained concern about the expansion of money laundering regulations … . I very much enjoyed reading this book. It provides an important antidote to the juggernaut of AML.” (Penny Crofts, Current Issues in Criminal Justice, Vol. 28 (2), November, 2017)

Authors and Affiliations

  • Department of Law, Queen Mary Univ of London, Queen Mary, United Kingdom

    Peter Alldridge

About the author

Peter Alldridge is Drapers' Professor of Law at Queen Mary University of London, UK, since 2003. He is the author of Relocating Criminal Law (2000) and Money Laundering Law (2003) and a wide range of articles. He specializes in financial crime.   

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