Money laundering counter-measures in the European Union : a new paradigm of security governance versus fundamental legal principles /
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| Author / Creator: | Mitsilegas, Valsamis, 1971- |
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| Imprint: | The Hague ; New York : Kluwer Law International ; Frederick, MD : Sold and distributed in North, Central, and South America by Aspen Publishers, c2003. |
| Description: | xiii, 207 p. ; 25 cm. |
| Language: | English |
| Series: | European law library European business law and practice series v. 20 European business law & practice series ; v. 20. |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/5275289 |
| Summary: | The past fifteen years witnessed the emergence globally of a plethora of legislative measures aimed at countering money laundering. These developments have been inextricably linked with the growing international focus on newly perceived and/or prioritised global security threats such as organised crime and terrorism ¿ with money laundering counter-measures deemed essential to counter these threats. Taking these developments into account, this book examines in detail the evolution and content of money laundering counter-measures in the European Union. These measures constitute a new paradigm of security governance, achieved through three principal methods: criminalisation, consisting in the emergence of new criminal offences; responsibilisation, consisting in the mobilisation of the private sector to co-operate with the authorities in the fight against money laundering; and the emphasis on the administration of knowledge, through the establishment of new institutions, the financial intelligence units, with extensive powers to administer a wide range of information provided by the private sector. This paradigm may pose significant challenges to fundamental legal principles and to well-established social structures and the book attempts to address this balance. This up-to-date analysis includes the provisions of the new EU money laundering Directive which was formally adopted in December 2001. |
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| Physical Description: | xiii, 207 p. ; 25 cm. |
| Bibliography: | Includes bibliographical references (p. 189-204) and index. |
| ISBN: | 9041121315 |