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Are OFCs leading the fight against money laundering?

Authors :
Rosdol, Alexa
Source :
Journal of Money Laundering Control; 2007, Vol. 10 Issue 3, p337-351, 15p
Publication Year :
2007

Abstract

The article cites a study that analyses if changes introduced in Great Britain's law have more stringent anti-money laundering measures at some offshore financial centers as compared to their onshore counterparts. It is noted that the study focused on the Crown Dependencies and the British Overseas Territories of Bermuda and the Cayman Islands. The study included the U.S., Great Britain and Australia as the onshore jurisdiction. According to the study, the Crown Dependencies and the selected Overseas Territories are outdoing the onshore jurisdiction in many cases.

Details

Language :
English
ISSN :
13685201
Volume :
10
Issue :
3
Database :
Complementary Index
Journal :
Journal of Money Laundering Control
Publication Type :
Academic Journal
Accession number :
26592972
Full Text :
https://doi.org/10.1108/13685200710763498