The Monty Python Flying Circus of money laundering and the question of proportionality

Petrus van Duyne; Jackie Harvey

doi:10.1007/978-3-319-31608-6_10

The Monty Python Flying Circus of money laundering and the question of proportionality

Petrus van Duyne, Jackie Harvey

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

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Abstract

This chapter explores the approach to AML, mapping its evolution from the US and the war on drugs in the early 1980s through to the establishment of the FATF and global regulatory framework that we have in place today. We unpick the figures behind the threat narrative and the size of the money laundering problem, highlighting the lack of clarity over what is or is not being counted. Drawing data from the mutual evaluation process and its associated costs, we expose that the severity of the existing anti-money laundering policy fails the basic test of proportionality.

Original language	English
Title of host publication	Illegal Entrepreneurship, Organized Crime and Social Control: Essays in Honour of Professor Dick Hobbs
Editors	Georgios Antonopoulos
Place of Publication	London
Publisher	Springer
Pages	161-186
Number of pages	360
Volume	14
ISBN (Print)	9783319316062
DOIs	https://doi.org/10.1007/978-3-319-31608-6_10
Publication status	Published - 22 May 2016

Publication series

Name	Studies of Organized Crime Series Volume
Publisher	Springer

Keywords

money laundering
mutual evaluation
financial action task force
proportionality

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1007/978-3-319-31608-6_10

Updated The Monty Python Flying Circus chapter for Hobbs-1Accepted author manuscript, 224 KB
Updated The Monty Python Flying Circus chapter for Hobbs-1 (1)Accepted author manuscript, 450 KB

Cite this

van Duyne, P., & Harvey, J. (2016). The Monty Python Flying Circus of money laundering and the question of proportionality. In G. Antonopoulos (Ed.), Illegal Entrepreneurship, Organized Crime and Social Control: Essays in Honour of Professor Dick Hobbs (Vol. 14, pp. 161-186). (Studies of Organized Crime Series Volume). Springer. https://doi.org/10.1007/978-3-319-31608-6_10

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van Duyne, P & Harvey, J 2016, The Monty Python Flying Circus of money laundering and the question of proportionality. in G Antonopoulos (ed.), Illegal Entrepreneurship, Organized Crime and Social Control: Essays in Honour of Professor Dick Hobbs. vol. 14, Studies of Organized Crime Series Volume, Springer, London, pp. 161-186. https://doi.org/10.1007/978-3-319-31608-6_10

The Monty Python Flying Circus of money laundering and the question of proportionality. / van Duyne, Petrus; Harvey, Jackie.
Illegal Entrepreneurship, Organized Crime and Social Control: Essays in Honour of Professor Dick Hobbs. ed. / Georgios Antonopoulos. Vol. 14 London: Springer, 2016. p. 161-186 (Studies of Organized Crime Series Volume).

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

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The Monty Python Flying Circus of money laundering and the question of proportionality

Abstract

Publication series

Keywords

UN SDGs

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Cite this