Wildy Logo
(020) 7242 5778
enquiries@wildy.com

Book of the Month

Cover of Company Directors: Duties, Liabilities and Remedies

Company Directors: Duties, Liabilities and Remedies

Edited by: Mark Arnold KC, Simon Mortimore KC
Price: £275.00

Lord Denning: Life, Law and Legacy



  


Welcome to Wildys

Watch


NEW EDITION Pre-order Mortgage Receivership: Law and Practice



 Stephanie Tozer, Cecily Crampin, Tricia Hemans
Practical guidance to relevant law & procedure


Offers for Newly Called Barristers & Students

Special Discounts for Newly Called & Students

Read More ...


Secondhand & Out of Print

Browse Secondhand Online

Read More...


Banking Secrecy and Offshore Financial Centres: Money Laundering and Offshore Banking


ISBN13: 9780415526326
Published: December 2012
Publisher: Routledge
Country of Publication: UK
Format: Hardback
Price: £125.00
Paperback edition , ISBN13 9781138195165



Despatched in 3 to 5 days.

Also available as

Originally implemented as a necessary tool in the struggle against the drug trade, confiscation has been generally extended to all serious crimes at a global level, but the effectiveness of confiscation in tackling organised crime is undermined by offshore financial centres with strong banking confidentiality laws.

Undoubtedly, a main attraction of offshore financial centres is the duty of banks to observe confidentiality. As well as acting as a safe haven for legitimate funds, offshore financial centres also harbour illicit assets; organised criminals will take advantage of strong confidentiality laws to prevent the creation of a paper trail which can be followed by investigators.

Thus, confiscation efforts to tackle organised crime are eroded as long as criminals can access their funds in offshore financial centres.

This book brings together the issues surrounding banking secrecy and confiscation of criminal proceeds. The book examines the existing legal agreements at the international, regional and national levels and their interaction in the substantive areas of confiscation, anti-money laundering and banking confidentiality laws.

It looks at how these agreements have been applied in offshore financial centres and demonstrates that despite a number of legally binding UN Conventions as well as global anti-money laundering recommendations, the implementation of them is often lukewarm by those Parties who have ratified the Convention and adopted obligations, because of is the confiscation legislation is incompatible with strict banking confidentiality laws.

The work draws on the insights of criminologists to offer critical insight into the legislative frameworks designed to deal with banking secrecy and confiscation in offshore financial centres. It goes on to offer suggestions for measures that may be taken by major economies to circumvent the lack of cooperation by offshore financial centres as intolerance towards money laundering grows in light of recent political and economic events.

Subjects:
Banking and Finance, Money Laundering
Contents:
1. Introduction
2. Confiscation: Justifications and Competing Interests
3. International Law
4. Regional Law
5. Case Study: The Cayman Islands
6. Tackling Strong Banking Confidentiality to Strengthen Confiscation
7. Conclusion

Series: Routledge Research in Finance and Banking Law

£35.09
(ePub)
Buy
Crypto-Finance, Law and Regulation: Governing an Emerging Ecosystem ISBN 9781032211565
Published January 2024
Routledge
£38.99
£115.00
Bank Insolvency Law in Developing Economies ISBN 9781032003979
Published December 2022
Routledge
£36.99
Bank Insolvency Law in Developing Economies (eBook) ISBN 9781000823639
Published December 2022
Routledge
£36.99
(ePub)
Buy
£120.00
Crypto-Finance, Law and Regulation: Governing an Emerging Ecosystem ISBN 9780367086619
Published February 2022
Routledge
£130.00
Credit and Creed: A Critical Legal Theory of Money ISBN 9780367181031
Published November 2019
Routledge
£120.00
Trust and Distrust in Digital Economies (eBook) ISBN 9781351104821
Published June 2019
Routledge
£35.09
(ePub)
Buy
Trust and Distrust in Digital Economies ISBN 9781138477483
Published June 2019
Routledge
£120.00
Value Added Tax Fraud (eBook) ISBN 9781351580960
Published December 2018
Routledge
£35.09
(ePub)
Buy
Value Added Tax Fraud ISBN 9781138298293
Published December 2018
Routledge
£120.00
Competition Law and Financial Services (eBook) ISBN 9781134090860
Published March 2014
Routledge
£42.99
(ePub)
Buy
Competition Law and Financial Services ISBN 9780415828819
Published March 2014
Routledge
£125.00
£42.99
(ePub)
Buy
Fiduciary Law and Responsible Investing: In Nature's Trust ISBN 9780415691369
Published April 2013
Routledge
£125.00