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The Money Laundry
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The Money Laundry: Regulating Criminal Finance in the Global Economy

J. C. Sharman

Abstract

A generation ago, not a single country had laws to counter money laundering; now, more countries have standardized anti-money laundering (AML) policies than have armed forces. This book investigates whether AML policy works, and why it has spread so rapidly to so many states with so little in common. It asserts that there are few benefits to such policies but high costs, which fall especially heavily on poor countries. It tests the effectiveness of AML laws by soliciting offers for just the kind of untraceable shell companies that are expressly forbidden by global standards. The book demonstra ... More

Keywords: anti-money laundering, shell companies, AML policy, Financial Action Task Force, international banks, general country risk, coercive policy diffusion, global governance

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780801450181
Published to Cornell Scholarship Online: August 2016 DOI:10.7591/cornell/9780801450181.001.0001

Authors

Affiliations are at time of print publication.

J. C. Sharman, author
Professor in the Centre for Governance and Public Policy, Griffith University

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