The weapons of war:The use of anti-money laundering laws against terrorist and criminal enterprises - Part 1

Rider, Barry A.K.
August 2002
Journal of International Banking Regulation;Aug2002, Vol. 4 Issue 1, p13
Academic Journal
In this, the first part of a two-part paper, the author analyses the use of a variety of legal devices that have been developed to assist in the identification and interdiction of the proceeds of serious crime in the 'War Against Terror'. He explores the relationship between attacking the profitability of criminal enterprises, including many terrorist organisations, and the processes of money laundering, particularly in the contexts of the offshore and underground systems. He refers to the new measures that have been taken in the wake of the 11th September, 2001 attacks on the USA and the perhaps largely unforeseen consequences on world financial stability that may result from their implementation. The second part of the paper refers to the development of new strategies designed rather to disrupt criminal and subversive activities, than bring individuals and their wealth before the courts, and the implications that this may have on the traditional justice system.


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