Coverart for item
The Resource The money laundry : regulating criminal finance in the global economy, J.C. Sharman

The money laundry : regulating criminal finance in the global economy, J.C. Sharman

Label
The money laundry : regulating criminal finance in the global economy
Title
The money laundry
Title remainder
regulating criminal finance in the global economy
Statement of responsibility
J.C. Sharman
Creator
Subject
Genre
Language
eng
Summary
"A generation ago not a single country had laws to counter money laundering; now, more countries have standardized anti-money laundering (AML) policies than have armed forces. In The Money Laundry, J.C. Sharman investigates whether AML policy works, and why it has spread so rapidly to so many states with so little in common. Sharman asserts that there are few benefits to such policies but high costs, which fall especially heavily on poor countries. Sharman tests the effectiveness of AML laws by soliciting offers for just the kind of untraceable shell companies that are expressly forbidden by global standards. In practice these are readily available, and the author had no difficulty in buying the services of such companies. After dealing with providers in countries ranging from the Seychelles and Somalia to the United States and Britain, Sharman demonstrates that it is easier to form untraceable companies in large rich states than in small poor ones; the United States is the worst offender. Despite its ineffectiveness, AML policy has spread via three paths. The Financial Action Task Force, the key standard-setter and enforcer in this area, has successfully implemented a strategy of blacklisting to promote compliance. Publicly identified as noncompliant, targeted states suffered damage to their reputation. Subsequently, officials from poor countries became socialized within transnational policy networks. Finally, international banks began using the presence of AML policy as a proxy for general country risk. Developing states have responded by adopting this policy as a functionally useless but symbolically valuable way of reassuring powerful outsiders. Since the financial crisis of 2008, the G20 has used the successful methods of coercive policy diffusion pioneered in the AML realm as a model for other global governance initiatives."--Publisher's website
Member of
Cataloging source
YDXCP
http://library.link/vocab/creatorDate
1973-
http://library.link/vocab/creatorName
Sharman, J. C.
Index
index present
Language note
In English
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
Cornell studies in political economy
http://library.link/vocab/subjectName
  • Money laundering
  • Banks and banking, International
  • POLITICAL SCIENCE
  • SOCIAL SCIENCE
  • Crime organisé
  • Blanchiment de capitaux
  • Fraude fiscale
  • Droit pénal économique
  • Prévention du crime
  • Finances internationales
  • Banks and banking, International
  • Money laundering
  • Bekämpfung
  • Finanzwirtschaft
  • Geldwäsche
  • Politische Steuerung
  • Weltwirtschaft
  • Weltwirtschaft
  • Gesetz
Label
The money laundry : regulating criminal finance in the global economy, J.C. Sharman
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Introduction : policy diffusion and anti-money laundering -- Money laundering and anti-money laundering -- An indirect test of effectiveness -- A direct test of effectiveness -- Blacklisting -- Socialization and competition -- Conclusions : implications for scholarship and policy
Control code
ocn762097543
Dimensions
unknown
Extent
1 online resource (xi, 200 pages)
Form of item
online
Isbn
9780801463198
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
JSTOR
Other control number
10.7591/9780801463198
http://library.link/vocab/ext/overdrive/overdriveId
22573/ctt4rz41
Specific material designation
remote
System control number
(OCoLC)762097543
Label
The money laundry : regulating criminal finance in the global economy, J.C. Sharman
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Introduction : policy diffusion and anti-money laundering -- Money laundering and anti-money laundering -- An indirect test of effectiveness -- A direct test of effectiveness -- Blacklisting -- Socialization and competition -- Conclusions : implications for scholarship and policy
Control code
ocn762097543
Dimensions
unknown
Extent
1 online resource (xi, 200 pages)
Form of item
online
Isbn
9780801463198
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
JSTOR
Other control number
10.7591/9780801463198
http://library.link/vocab/ext/overdrive/overdriveId
22573/ctt4rz41
Specific material designation
remote
System control number
(OCoLC)762097543

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      32.771354 -117.193327
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