Description
Book SynopsisIn The Money Laundry, J. C. Sharman investigates whether anti–money laundering policy works, and why it has spread so rapidly to so many states with so little in common.
Trade ReviewIn the context of work on the contemporary illicit, J.C. Sharman's book, The Money Laundry: Regulating Criminal Finance in the Global Economy, stands as a major contribution. Sharman sets out to look at the rapid and virtually unchallenged global diffusion of anti-money laundering (AML) policy and standards through the work of international organizations.... The book is written with an insider’s insight, coupled with an academic detachment.... It will be a shame if his work does not attract a wide audience.
-- Tim Hall * Economic Geography *
Well documented, well structured and with plenty of interesting examples, The Money Laundry takes readers through the complexity of the post-9/11 global AML policy drive.... Sharman not only provides a much needed constructive critique of anti-money laundering (AML) policy but shows how we can build on its few successful aspects.
-- Loretta Napoleoni * International Affairs *
Table of ContentsIntroduction: Policy Diffusion and Anti-Money Laundering1. Money Laundering and Anti-Money LaunderingPart One: Does Anti-Money Laundering Policy Work?
2. An Indirect Test of Effectiveness
3. A Direct Test of EffectivenessPart Two: Why Has Anti-Money Laundering Policy Diffused?
4. Blacklisting
5. Socialization and CompetitionConclusions: Implications for Scholarship and PolicyBibliography
Index
