Money laundering consequences

M. Michelle Gallant

Journal of Money Laundering Control, 2014, vol. 17, issue 3, 296-305

Abstract: Purpose - – The purpose of this paper is to take an overarching analytical perspective on four decades of money laundering regulation. Design/methodology/approach - – This study extracts the principal impacts of anti-money laundering (AML) regulation through a distillation of money laundering research. Findings - – The most significant impacts of money laundering regulation are some recovery of tainted wealth, modest increases in the visibility of global financial transactions, disruption of tax haven jurisdictions and some distortions to international law. Research limitations/implications - – This study offers a glimpse of the wider impacts of money laundering underscoring the need for empirical work. Originality/value - – The originality lies in linking developments in discrete fields to money laundering regulation.

Keywords: Money laundering; International law; Tax; Forfeiture; Secrecy (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jmlcpp:jmlc-12-2013-0048

DOI: 10.1108/JMLC-12-2013-0048

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