NCJ Number
173507
Journal
Tulane Journal of International & Comparative Law Volume: 3 (1994) Issue: Dated: Pages: 161-201
Date Published
1994
Length
41 pages
Annotation
This article describes money laundering and associated economic, social and political problems; explores international agreements organizations and domestic legislative enactments; and elucidates problems associated with policing, investigating and enforcing anti-money laundering laws and agreements.
Abstract
The article reviews legitimate and illegitimate purposes of money laundering, the money laundering process, and money laundering and the drug trade. The paper also discusses International Initiatives and Organizations, including: (1) UN Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances; (2) Financial Action Task Force Efforts; (3) The Inter-American Drug Abuse Control Commission of the Organization of American States; and (4) The International Criminal Police Organization. The article's section on Regional Initiatives, "European Union," describes conventions on laundering, search, seizure and confiscation of proceeds from crime, and examines "Council Directive 91/308/EEC, On Prevention of the Use of the Financial System for the Purpose of Money Laundering." US domestic legislation includes the 1994 Money Laundering Suppression Act. Notes