Global Anti-Money Laundering Regulation

Rezensionen / Stimmen

'The global anti-money laundering system (AML) was designed by rich countries for rich countries, and yet this same system has now been spread to almost every country in the world. How have countries in Africa and the developing world more generally coped with having to adopt AML policy designed for very different circumstances? Despite the fact that the majority of the world's national AML systems now are in developing rather than developed countries, almost all the attention has been focused on Europe and North America. This volume is a long-overdue corrective to this fundamental bias in finally putting the AML experiences of developing countries at centre-stage. Both scholars and policy-makers need this book to properly understand how AML works, and often doesn't work, as a genuinely global system.'

Jason Sharman, Sir Patrick Sheehy Professor of International Relations, Department of Politics and International Studies, University of Cambridge

'Corruption and money laundering constitute serious obstacles to the development of developing economies. International instruments do not adequately reflect the challenges that less economically developed countries experience in ensuring compliance with their provisions. This book is timely and very important to the understanding of the efforts and constraints of developing countries to combat corruption and money laundering and to also comply with international legal provisions and standards. There is a dearth of academic literature on most of the issues covered in many chapters of the book. The publication is a major contribution to the understanding of money laundering and challenges encountered in combatting them in less developed economies. The contents of the book offer significant insight and will enlighten policy-makers, law enforcement personnel, financial institutions and scholars, and highly recommended.'

Etannibi E. Alemika, retired Professor of Criminology and Sociology of Law, University of Jos, Jos, Nigeria, and currently Adjunct Professor at the Faculty of Law, Humanities and Social Sciences, Walter Sisulu University, Mthatha, South Africa.