Money Laundering Blacklists

1. Auflage 2024
ISBN: 978-1-032-08085-7
Verlag: Taylor & Francis Ltd (Sales)

Buch, Englisch, 186 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 272 g

Reihe: Routledge Studies in Organised Crime

What are the criteria used by Financial Action Task Force (FATF) and the European Union to blacklist jurisdictions at high-risk of money laundering? What are the countries at highest risk according to Panama Papers and FinCEN files? Where do criminals move their illicit money, according to judicial and investigative evidence? This book answers these questions. It is an unprecedented study on the countries at highest risk of attracting money laundering and organised crime proceeds – and how they are identified as such by scholars, policy-makers and anti-money laundering (AML) practitioners. It targets an issue which is central to the policy debate, in the media, but is under-studied.

This book is divided into two parts. Part I discusses the concept of money laundering risk, its main determinants, and carries out a review of extant country ratings, ranging from official blacklists and grey lists, to media leaks and scholarly papers. Part II discusses the weaknesses and the myths behind the current ratings and proposes a new approach to assess the risk of money laundering across countries.

With a critical research perspective, empirically driven, this book aims to satisfy both scholars and students – in particular from criminology, economics, and international relations – and practitioners from banks, professional firms, and AML authorities.

Zielgruppe

Academic, Postgraduate, and Undergraduate

Autoren/Hrsg.

Riccardi, Michele

Fachgebiete

• Sozialwissenschaften Soziologie | Soziale Arbeit Spezielle Soziologie Kriminalsoziologie
• Wirtschaftswissenschaften Betriebswirtschaft Management Risikomanagement
• Rechtswissenschaften Strafrecht Kriminologie, Strafverfolgung
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Unternehmensethik
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Rechtswissenschaften Wirtschaftsrecht

Inhaltsverzeichnis

List of figures

List of tables

Acknowledgments

List of abbreviations

Introduction

PART I: Money laundering risk measures

- Money laundering risk and determinants

- Money laundering (and illicit financial flows)

- Money laundering risk

- Determinants of money laundering risk across countries: proximity, opacity, and security

- Available measures of money laundering risk

- Money laundering blacklists and grey lists

- Origin and scope of anti-money laundering blacklists

- The FATF blacklist and grey list

- The US INCSR list

- The European Union anti-money laundering blacklist

- Blacklists and sanctions

- Other lists of high-risk countries

- Lists based on judicial investigations

- Lists based on media investigations: from Panama Papers to FinCEN files

- Lists based on financial/corporate data analyses

- Lists based on crime data analyses

- Composite indicators

- Lists developed by banks and other obliged entities

- Relations and underlying components of existing risk ratings

- Summary: the gaps in existing risk ratings and blacklists

PART II: A New measurement approach

- A new approach to identify countries at high-risk of money laundering

- Rationale

- Methodology and operationalisation

- A practical application: money laundering risk from the perspective of Italy

- Discussion and policy implications

- Discussion

- Policy implications

- Limitations and future research directions

Appendix

References

Index

Über Autor(innen)

Michele Riccardi is Deputy Director at Transcrime and Adjunct Professor at Università Cattolica and University of Palermo (Itlay). He has coordinated numerous research projects and publications in the field of money laundering, organised crime, and financial crime. In this domain, he has been consultant for the United Nations, the European Commission, World Bank, and the Italian government.