Chapter

14 Money Laundering and Financial Crime

George Walker, Robert Purves and Michael Blair

in Financial Services Law

Fourth edition

Published in print March 2018 | ISBN: 9780198793809
| DOI: https://dx.doi.org/10.1093/law/9780198793809.003.0014
14 Money Laundering and Financial Crime

Show Summary Details

Preview

This chapter examines the UK policy aimed at combating money laundering and financial crime. It first explains what constitutes money laundering under the October 2004 UK anti-money laundering (AML) policy document, the Terrorism Act 2000 and the Proceeds of Crime Act 2002 (PoCA). It then considers the UK government's Action Plan for Anti-Money Laundering and Counter-Terrorist Finance, along with the relevant provisions of the Financial Services and Markets Act 2000 (FSMA). It also describes the policy backdrop for the UK's fight against money laundering and the international nature of this campaign, the role of the Financial Action Task Force in the fight against money laundering, the European Union's four Money Laundering Directives, the Wire Transfer Regulation, PoCA, Money Laundering Regulations 2007, and the Financial Conduct Authority's (FCA) rules relating to AML. The chapter concludes with an analysis of the Joint Money Laundering Steering Group Guidance.

Chapter.  72 pages.  34695 words. 

Subjects: Law

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content. subscribe or login to access all content.