Banking Secrecy and Offshore Financial Centers Money Laundering and Offshore Banking

ISBN-10: 0415526329
ISBN-13: 9780415526326
Authors: Mary Alice Young
List price: $104.17

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Originally implemented as a necessary tool in the struggle against the drug trade, confiscation has been generally extended to all serious crimes at a global level, but the effectiveness of confiscation in tackling organised crime is undermined by offshore financial centres with strong banking confidentiality laws. Undoubtedly, a main attraction of offshore financial centres is the duty of banks to observe confidentiality. As well as acting as a safe haven for legitimate funds, offshore financial centres also harbour illicit assets; organised criminals will take advantage of strong confidentiality laws to prevent the creation of a paper trail which can be followed by investigators. Thus,…    

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Product details

Binding: Hardcover Publisher: Taylor & Francis Group Number of pages: 194 Dimensions: 6.25" wide x 9.25" long x 0.75" tall Weight: 1.100 lbs. Language: English