A brave new world: The impact of domestic and international regulation on money laundering prevention in the UK

2003 ◽  
Vol 11 (2) ◽  
pp. 138-145 ◽  
Author(s):  
Antony Whitehouse
Keyword(s):  
Money Laundering ◽  
New World ◽  
International Regulation ◽  
Brave New World ◽  
The Uk ◽  
The Impact

11. Financial crime

2019 ◽  
pp. 420-451
Author(s):  
Jeremy Horder
Keyword(s):  
European Union ◽  
Money Laundering ◽  
Criminal Law ◽  
Financial Crime ◽  
The European Union ◽  
Home Office ◽  
Corporate Activity ◽  
The Uk ◽  
The Impact ◽  
The Eu

This chapter examines three major examples of financial crime: fraud, bribery, and money laundering. The importance of financial crime, and of vigorous prosecution policies in relation to it, should not be underestimated. Fraud accounts for no less than one third of all crimes captured by the Crime Survey for England and Wales. The European Union Parliament has estimated that corruption costs the EU between €179 and €990 billion each year. Finally, the Home Office estimates that the impact of money laundering on the UK economy is likely to exceed £90 billion. An understanding of these crimes, and in particular the way that they reflect corporate activity, is nowadays essential to the study of criminal law.

scholarly journals The Impact of Media Censorship: 1984 or Brave New World?

2019 ◽  
Vol 109 (6) ◽  
pp. 2294-2332 ◽  
Author(s):  
Yuyu Chen ◽  
David Y. Yang
Keyword(s):  
New World ◽  
Authoritarian Regimes ◽  
Social Transmission ◽  
Free Access ◽  
Sensitive Information ◽  
Transmission Of Information ◽  
The Media ◽  
Brave New World ◽  
The Impact ◽  
Media Censorship

Media censorship is a hallmark of authoritarian regimes. We conduct a field experiment in China to measure the effects of providing citizens with access to an uncensored internet. We track subjects’ media consumption, beliefs regarding the media, economic beliefs, political attitudes, and behaviors over 18 months. We find four main results: (i) free access alone does not induce subjects to acquire politically sensitive information; (ii) temporary encouragement leads to a persistent increase in acquisition, indicating that demand is not permanently low; (iii) acquisition brings broad, substantial, and persistent changes to knowledge, beliefs, attitudes, and intended behaviors; and (iv) social transmission of information is statistically significant but small in magnitude. We calibrate a simple model to show that the combination of low demand for uncensored information and the moderate social transmission means China’s censorship apparatus may remain robust to a large number of citizens receiving access to an uncensored internet. (JEL C93, D72, D83, L82, L86, L88, P36)

Part A Regulatory Matters, 7 Money Laundering Legislation

2015 ◽  
Author(s):  
Proctor Charles
Keyword(s):  
Money Laundering ◽  
Regulatory Environment ◽  
Terrorist Financing ◽  
Customer Identification ◽  
Proceeds Of Crime ◽  
The Uk ◽  
The Impact

This chapter considers the impact of anti-money laundering and anti-terrorist financing legislation on a bank's business. It provides a broad international background to anti-money laundering initiatives. It also gives an overview of the UK regulatory environment. The chapter then explains customer identification requirements; the substantive money laundering offences created by the Proceeds of Crime Act 2002; anti-terrorism legislation; and the civil consequences of the anti-money laundering framework.

Anti-Money Laundering

2020 ◽  
Author(s):  
Hugo D. Lodge
Keyword(s):  
Money Laundering ◽  
Eu Law ◽  
The Core ◽  
The Uk ◽  
The Impact

Anti-money Laundering Powers in the UK Post-Brexit 13.01 Overview of the Amendments Made by the 2018 Act 13.01 Pre-Brexit AML Regime under EU Law 13.05 The Impact of the 2018 Act on AML in the UK 13.12 The Core AML Power:...

Data in a Brave New World: Reducing Isolation to Amplify the Impact of Educational Research on Practice

2018 ◽  
Vol 49 (2) ◽  
pp. 118-124 ◽  
Author(s):  
Jinfa Cai ◽  
Anne Morris ◽  
Charles Hohensee ◽  
Stephen Hwang ◽  
Victoria Robison ◽  
...  
Keyword(s):  
New World ◽  
Learning Opportunities ◽  
Learning Goals ◽  
Necessary Condition ◽  
Critical Feature ◽  
Incentive Structures ◽  
Teacher Researcher ◽  
Brave New World ◽  
The Impact ◽  
Specific Learning

In our November 2017 editorial (Cai et al., 2017), we presented a vision of a future in which research has a significant impact on practice. In the world we described, researchers and teachers work together, sharing similar goals and incentive structures. A critical feature of this brave new world is the existence of an online professional knowledge base comprising “useful findings and artifacts that are continuously refined over time, indexed by specific learning goals and subgoals, and that assist teachers and researchers in implementing learning opportunities in their classrooms” (p. 469). Moreover, we argued that teacher—researcher partnerships are a necessary condition for greater impact on practice.

Brave New World?

2020 ◽  
pp. 289-300
Author(s):  
Stephen Wall
Keyword(s):  
Foreign Policy ◽  
New World ◽  
Economic Liberalization ◽  
Democratic Values ◽  
Fiscal Union ◽  
Brave New World ◽  
The Uk ◽  
Common Vision ◽  
The Eu

This chapter analyses the implications of Brexit for the UK and the issues facing the EU without the UK. It assesses the costs to the UK in terms of economics and loss of influence on decisions affecting key UK interests. It concludes that the UK is bound to be diminished, but that the EU will also feel the loss of UK influence on economic liberalization, in overseas aid and in foreign policy. The Eurozone will survive but its difficulty in making progress towards a fiscal union will also make it harder for a core grouping to emerge. In seeking to set a common vision for the EU, President Macron of France is so far a lonely voice. For the author, the EU offers a means of managing the relations between potentially querulous neighbours and of entrenching and sharing democratic values. There will be tangible, and less immediately obvious, losses to the UK.

scholarly journals En embuscade sur le sentier de l’argent. Une perspective internationale

Criminologie ◽  
2005 ◽  
Vol 30 (1) ◽  
pp. 35-52
Author(s):  
Michael Levi
Keyword(s):  
Money Laundering ◽  
Research Study ◽  
Organised Crime ◽  
Limited Effect ◽  
Financial Measures ◽  
Proceeds Of Crime ◽  
The Uk ◽  
The Impact ◽  
Investigation Process ◽  
Do So

This article examines the growth of financial measures against 'organised crime' in the form of money-laundering and asset confiscation. After discussing the implications of conflicts over what crimes should be included in money-laundering statutes —e.g. drugs-only or all 'serious' crime —it summarises the findings of a research study conducted by the author into the impact of money-laundering reporting in the UK upon criminal investigation by the police and customs, and into the forfeiture of the proceeds of crime. It concludes that these measures have had a very limited effect and will continue to do so, unless more technological and human resources are put into the investigation process. Furthermore, the tendency of offenders at all but the highest levels to spend their money as they go along places limits on the likely impact of these measures, based as they are on a model of criminal organisation that is more than the reality.

scholarly journals Museums at the Crossroads: Between Digitality, Reality, and COVID-19

2021 ◽  
Author(s):  
Tula Giannini ◽  
Jonathan P. Bowen
Keyword(s):  
Performing Arts ◽  
New World ◽  
Daily Routine ◽  
The Public ◽  
Public Square ◽  
Work From Home ◽  
The Arts ◽  
Life Itself ◽  
Brave New World ◽  
The Impact

When Covid-19 rushed into our lives, it sent shockwaves across the globe – suddenly we faced “lockdown” – we said goodbye to the way it was but did not understand what this brave new world of isolation and separation would mean and how it would the impact life as we knew it – our identity, relationships and freedoms we enjoyed, and wondered what daily routine post-Covid-19 would look like, while the experiences defining life itself were up for grabs. With social distancing, masks and work from home mandates, the arts and performing arts from theatres, museums, galleries and the public square were shuttered – their very existence challenged and spiralling out of control as staff were laid-off, exhibitions cancelled while concurrently creating an urgency to go online to dwell in cyberspace, the new daily destination.

UK money-laundering moves will hit Caribbean economy

2018 ◽  
Keyword(s):  
Money Laundering ◽  
Virgin Islands ◽  
Cayman Islands ◽  
Content Type ◽  
Turks And Caicos Islands ◽  
Beneficial Ownership ◽  
Overseas Territories ◽  
The Uk ◽  
The Impact ◽  
The Eu

Subject The impact of anti-money laundering legislation. Significance The UK Sanctions and Anti-Money Laundering Act approved on May 23, 2018 requires British Overseas Territories (OTs) to introduce by December 31, 2020 public registers of the beneficial ownership of companies and trust funds registered in each OT. The OTs affected by this legislation are Anguilla, Bermuda, the British Virgin Islands (BVI), Cayman Islands, Montserrat and Turks and Caicos Islands. Impacts Company registrations provide jobs in the legal and compliance fields and will remain a key contributor to government revenue. The fall in company registrations in the BVI will likely spread to other OTs and accelerate in the wake of the Act. Given the number of EU banks in the OTs, the Brexit impact will be severe if financial institutions there lose access to the EU market.

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