Money Laundering

Money Laundering explores money laundering law and practice in three branches of the law all at once: criminal, civil and regulatory. In recent years there have been major developments that make this book both timely and important. The new Proceeds of Crime Act 2002 creates a much strengthened set of money laundering offences which are expected to be extensively used by prosecutors. The creation of the Assets Recovery Agency, with new powers to seek the civil recovery of the proceeds of crime, significantly enhances the scope of action that may be taken against property suspected to be derived from criminal conduct. In addition, there have been significant changes to the regulatory components of UK money laundering law brought about by the introduction of the FSA’s Money Laundering Sourcebook, amendments to the Money Laundering Regulations 1993 and enhancements to the Joint Money Laundering Steering Group’s Guidance Notes. These are all covered in this book.

The book is written in a clear, practical style, and is right up-to-date, with legislation included up to 31 January 2003. It consists of 8 chapters covering the money laundering offences; confiscation; investigative orders; civil recovery and forfeiture proceedings; the Directive, Regulations and FSA Rules; and civil liability.

This book is designed for the non-specialist and specialist practitioner alike. Money laundering reporting officers, compliance officers, senior officers with FSA approval, lawyers and accountants will all find this book essential.

1. Historical Perspective and Introduction
2. The Money Laundering Offences
3. Confiscation
4. Investigative Orders
5. Civil Recovery and Forfeiture Proceedings
6. The Directive, Regulations and FSA Rules
7. Civil Liability – Part 1
8. Civil Liability – Part 2
Appendix – Proceeds of Crime Act 2002