Financial Intelligence, the Exchange of Information and Tackling Financial Crime in the United Kingdom : A Critical Review

Omtale

This book examines the international standards relating to information exchange, identifying its importance in relation to combatting money laundering, terrorist financing and fraud. Its timely publication follows the Financial Action Task Force (FATF) rating the UK’s anti-money laundering and counterterrorism financing regimes as amongst the best in the world in its fourth Mutual Evaluation Report. The book features an alternative review via three case studies - money laundering, terrorism financing and general fraud. These illustrate the importance of information exchange and highlight flaws in the UK’s legal framework, challenging the conclusions of the FATF. Considering this comprehensive analysis, the book then provides recommendations for reform.