Tuesday, March 1, 2005
Volume:
21
Issue:
3
88
Abstract:
In Chasing Dirty Money, Peter Reuter and Edwin Truman discuss money laundering and efforts to development an anti-money laundering (AML) regime. They describe the activity of money laundering and provide an overview of the global AML regime as it has evolved over the past 15 years. They also assesses the regime’s effectiveness in addressing three underlying goals: reducing crime, protecting the integrity of the core financial system, and controlling three types of global “public bads” – terrorism, corruption, and failed states.
The authors conclude with recommendations for improvement in the U.S. and global AML regime during its next phase, which will probably be one of consolidation after the rapid expansion of the regime to date. ...