Abstract
The aim of this article is to identify and critically consider the effectiveness of the Labour government's policy towards financial crime. The article highlights the general threat posed by financial crime, yet concentrates on the government's policies towards money laundering, fraud and terrorist financing.
Highlights
R The importance of tackling financial crime was illustrated during the 1980s and 1990s by US
H cant instances of fraud involving multinational corporations resulting in the collapse of the
It is essential that the United Kingdom creates and implements a robust financial crime policy
Summary
R The importance of tackling financial crime was illustrated during the 1980s and 1990s by US-. To the enforcement of any provision of the PCA For example, it has the ability to require inforor other relevant enactment,[47] that the conduct mation from firms,[56] to appoint investigators,[57] occurs overseas and is lawful in that particular jurisdiction,[48] and that the act is done by a deposit-taking body.[49] In order for a person to to obtain the assistance of overseas financial regulators[58] and provide appointed investigators with additional powers.[59] it has be convicted of an offence, it has to be proven become a prosecuting authority for certain that the property handled is ‘criminal property’ money laundering offences.[60] The FSA has and that it comprises a benefit. In 1999, it published a Consultation Paper that distinguished between
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