Anti-money Laundering Law: Socio-legal Perspectives on the Effectiveness of German Practices
Nonfiction, Reference & Language, Law, International, Social & Cultural Studies, Social Science, Crimes & Criminals, Criminology
| Author: | Verena Zoppei | ISBN: | 9789462651807 |
| Publisher: | T.M.C. Asser Press | Publication: | July 18, 2017 |
| Imprint: | T.M.C. Asser Press | Language: | English |
| Author: | Verena Zoppei |
| ISBN: | 9789462651807 |
| Publisher: | T.M.C. Asser Press |
| Publication: | July 18, 2017 |
| Imprint: | T.M.C. Asser Press |
| Language: | English |
In the aftermath of recent multiple leaks such as the Panama Papers, the Swiss leaks, the Lux
leaks, and the Bahama leaks, this book offers an interesting view on the underlying conflicting
interests that impede the adoption of more effective legislation to stop money laundering
by way of the financial system.
The central position of the book is that the declared goals underlying the criminalization of
money laundering have not been fulfilled. The effectiveness of the anti-money laundering
regime in Germany is assessed by examining the indirect effects, collateral consequences,
and positive interpretations of the law in action and of the law inaction; reducing the issue
to a question of symbolic effectiveness does not reflect the complexity of the matter. What is
demonstrated, is that the goals attributed to the regime were too ambitious, and that a lower
degree of effectiveness has be
en accepted in order to balance the inherent political, economic
and financial conflicting interests.
Unlike other volumes focusing on this issue, this book deals with the implementation of the
legislation and the consequences thereof, and is primarily aimed at legal sociologists, sociology
of law researchers, criminal lawyers, criminologists with an interest in white collar crime and
political scientists studying measures against illi
cit financial flows and the concrete implementation
of anti-money laundering laws. The book will be of interest to both international
policymakers and consultants as well as their counterparts in Germany for instance working
on improving the instruments to fight organized crime and prevent the financing of
terrorism through money laundering.
The complexity of the anti-money laundering regime and all the variables are exhaustively
and critically reviewed in the assessment, thereby providing complete instructions for future
legislative steps. The case study regarding the situation in Germany maximizes readers’ insights
into concrete effects of the implementation of international anti-money laundering standards
at a national level, and the opinions of professionals working in the field and of experts on the
law-making process are also illuminating. Moreover, the book equips non-German speakers
with the information needed to deal with the extensive German legal scholarly production on
article 261 of the German criminal code and the current internal political debate on the matter.
Verena Zoppei is a Fellow Researcher at the International Security Division of the German
Institute for International and Security Affairs in Berlin.
In the aftermath of recent multiple leaks such as the Panama Papers, the Swiss leaks, the Lux
leaks, and the Bahama leaks, this book offers an interesting view on the underlying conflicting
interests that impede the adoption of more effective legislation to stop money laundering
by way of the financial system.
The central position of the book is that the declared goals underlying the criminalization of
money laundering have not been fulfilled. The effectiveness of the anti-money laundering
regime in Germany is assessed by examining the indirect effects, collateral consequences,
and positive interpretations of the law in action and of the law inaction; reducing the issue
to a question of symbolic effectiveness does not reflect the complexity of the matter. What is
demonstrated, is that the goals attributed to the regime were too ambitious, and that a lower
degree of effectiveness has be
en accepted in order to balance the inherent political, economic
and financial conflicting interests.
Unlike other volumes focusing on this issue, this book deals with the implementation of the
legislation and the consequences thereof, and is primarily aimed at legal sociologists, sociology
of law researchers, criminal lawyers, criminologists with an interest in white collar crime and
political scientists studying measures against illi
cit financial flows and the concrete implementation
of anti-money laundering laws. The book will be of interest to both international
policymakers and consultants as well as their counterparts in Germany for instance working
on improving the instruments to fight organized crime and prevent the financing of
terrorism through money laundering.
The complexity of the anti-money laundering regime and all the variables are exhaustively
and critically reviewed in the assessment, thereby providing complete instructions for future
legislative steps. The case study regarding the situation in Germany maximizes readers’ insights
into concrete effects of the implementation of international anti-money laundering standards
at a national level, and the opinions of professionals working in the field and of experts on the
law-making process are also illuminating. Moreover, the book equips non-German speakers
with the information needed to deal with the extensive German legal scholarly production on
article 261 of the German criminal code and the current internal political debate on the matter.
Verena Zoppei is a Fellow Researcher at the International Security Division of the German
Institute for International and Security Affairs in Berlin.
