... Money laundering Compliance Proceeds of crime Source of wealth Legal certainty Financial services United Kingdom The management of financial crime risks has been one of the focal points of the international financial services sector for over two decades. Regulatory fines for failing...

..., especially in the understanding of the number of crimes, and the meaning of proceeds of crime. This paper puts forward solutions to some controversial issues in judicial practice. Originality/value This paper introduces the criminalization of self-money laundering in the 11th amendment to the criminal...

... to the theoretical discussion. This paper aims at contributing to fulfillment of this gap by presenting relevant data and insights from the perspective of Lithuanian criminal justice system. Proceeds of crime Ukraine Lithuania Illicit enrichment Civil confiscation Presumption of innocence In recent...

... of crime” falling within the range of “money laundering” and consequently made culpable. However, the ambit of “proceeds of crime” is too wide. Therefore, an insight of the sphere of “proceeds of crime” is essential to the understanding of the crime of “money laundering.” This paper opted...

.../value The research provides unique perceptions of UK banks’ senior subject matter experts on managing TBML threats from opportunistic criminals. Compliance Organized crime Brexit Proceeds of crime TBML Trade-based money laundering Trade-based money laundering (TBML) is used to move...

...Thu Thi Hoai Tran; Louis De Koker Purpose The purpose of this paper is to analyze the Vietnamese laws and practices concerning the confiscation of proceeds of crime, especially in view of Vietnam’s obligations to meet the international standards on money laundering and terrorist financing, set...

...). The placement stage refers to the entry of the illegal proceeds of crime into the financial system through various means including the purchase of assets or physical disposal. The second stage is the layering process where criminals aim to disguise the illegal origins of the illicit fund by establishing fake...

...Sirajo Yakubu; Mohammed Kyari Dikwa The paper is divided into three parts. Part I critically examines the whistleblowing policy adopted by the federal government. It concludes that the policy has fared well in combatting corruption and recovery of proceeds of crime. Part II examines...

... enforcement, those involved in prosecuting or defending money laundering cases and regulated persons assessing their money laundering risks and disclosure obligations. Asset tracing Money laundering Proceeds of crime Criminal evidence Tax evasion As we observed previously, at D1’s trial...

... privilege protects confidential communications for the purposes of obtaining legal advice, and it should not be used as a shield by lawyers to acquire proceeds of crime. On the contrary, there are several challenges attached to criminalisation of tainted attorneys’ fees. Lawyers may become reluctant...

... of the proceeds of crime. It identifies deficiencies within the existing anti-money laundering system and provides recommendations to ensure a robust anti-money laundering framework in keeping with international standards. The paper embraces a pluralist approach. It uses qualitative and quantitative...

...George Pavlidis; Konstantinos Satolias Since the first ambitious initiatives of the 1970s (e.g. the USA’s “War on Drugs”), numerous countries have adopted strategies targeting the proceeds of crime. These strategies are based on four pillars (Cassani, 2008 ; Gilmore, 2005): criminalisation...

...Anusha Aurasu; Aspalella Abdul Rahman Anusha Aurasu can be contacted at: anushaa@acd.tarc.edu.my © Emerald Publishing Limited 2018 Emerald Publishing Limited Licensed re-use rights only United Kingdom Malaysia Money laundering Comparative analysis Proceeds of crime...

...Constance Gikonyo Generally, the identified methods can facilitate identification of proceeds of crime and possible laundering activity. However, there are challenges in the provisions that could reduce effectiveness. These include intrinsic loopholes and implementation challenges...

... it electronically across borders handed criminals easy and effective ways to not only obscure their activities from authorities, but also to place their ill-gotten gains beyond the reach of the law. Concerns over proceeds of crime and money laundering were not limited to individual states acting in isolation...

... of the civil process to tackling criminal assets. This is especially important today as the European Union is investigating the possibility of a European model of non-conviction based asset recovery. Originality/value – Discussion of civil recovery under the Proceeds of Crime Act 2002 tends to focus...

... difficulties impede the taxation of the proceeds of crime. Under Canadian law, the definition of income embraces income illegally acquired: There is no doubt that the word “income” in the Income Tax Act is sufficiently wide to include money other than that received from bona fide transactions (Bucci, 1996...