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Paul Hynes, Richard Furlong and Nathaniel Rudolf
Sweet and Maxwell, December 2008
ISBN 978-1-84703-133-4
Hardback, £169
This book is a must for all professionals and practitioners—including lawyers, auditors, accountants, insolvency practitioners, notaries, trust and company service providers, public bodies and high value dealers—who are regulated and/or advise and represent, investigate or prosecute those accused of money laundering.
It provides a comprehensive guide to the relevant legislation and offers a detailed examination of the UK Government’s measures to combat money laundering and terrorist financing.
Business and legal perspectives
The book achieves its aim of examining money laundering from both a business compliance and a legal enforcement perspective. The step-by-step approach to practice and procedure is of great practical assistance to all of those who are responsible for compliance and who act or advise in legal proceedings.
Money laundering background
Part A of the book introduces the topic of money laundering in terms of its existence, definition, development, recognition and anti-combat measures. This background is useful as it gives a context to the legislation and other regulations introduced by various governments.
The background gives helpful insight into the draconian measures adopted by legislators, law enforcement agencies and upheld by the judiciary; as part of the criminalisation process.
The examination of the Money Laundering Regulations in Part B of the book, with guidance from professional bodies and trade associations and of the substantive criminal offences (including Proceeds of Crime Act 2002) in Part C, provides a through examination of all the anti-money laundering measures.
International angle
The international coverage is useful as money laundering occurs across many different borders and jurisdictions. As the authors observe “different jurisdictions view the matter in different ways” and devise their own solutions. No one country can be viewed in isolation, a point recognised by the United Nations, European Union and the Financial Action Task Force. The three barrister authors are obviously assisted by their own experience in this area of law in providing clear and practical guidance, particularly in the difficult and complex areas of civil and criminal confiscation (see part D).
Invaluable tool
As a practitioner myself, I find the 52 appendices (containing 928 pages) particularly invaluable; all the relevant statutes, secondary legislation, guidance and international directives contained in one book. This is an essential tool in any practitioner’s kit bag.
Colin Wells is a barrister at 25 Bedford Row
It provides a comprehensive guide to the relevant legislation and offers a detailed examination of the UK Government’s measures to combat money laundering and terrorist financing.
Business and legal perspectives
The book achieves its aim of examining money laundering from both a business compliance and a legal enforcement perspective. The step-by-step approach to practice and procedure is of great practical assistance to all of those who are responsible for compliance and who act or advise in legal proceedings.
Money laundering background
Part A of the book introduces the topic of money laundering in terms of its existence, definition, development, recognition and anti-combat measures. This background is useful as it gives a context to the legislation and other regulations introduced by various governments.
The background gives helpful insight into the draconian measures adopted by legislators, law enforcement agencies and upheld by the judiciary; as part of the criminalisation process.
The examination of the Money Laundering Regulations in Part B of the book, with guidance from professional bodies and trade associations and of the substantive criminal offences (including Proceeds of Crime Act 2002) in Part C, provides a through examination of all the anti-money laundering measures.
International angle
The international coverage is useful as money laundering occurs across many different borders and jurisdictions. As the authors observe “different jurisdictions view the matter in different ways” and devise their own solutions. No one country can be viewed in isolation, a point recognised by the United Nations, European Union and the Financial Action Task Force. The three barrister authors are obviously assisted by their own experience in this area of law in providing clear and practical guidance, particularly in the difficult and complex areas of civil and criminal confiscation (see part D).
Invaluable tool
As a practitioner myself, I find the 52 appendices (containing 928 pages) particularly invaluable; all the relevant statutes, secondary legislation, guidance and international directives contained in one book. This is an essential tool in any practitioner’s kit bag.
Colin Wells is a barrister at 25 Bedford Row
Paul Hynes, Richard Furlong and Nathaniel Rudolf
Sweet and Maxwell, December 2008
ISBN 978-1-84703-133-4
Hardback, £169
This book is a must for all professionals and practitioners—including lawyers, auditors, accountants, insolvency practitioners, notaries, trust and company service providers, public bodies and high value dealers—who are regulated and/or advise and represent, investigate or prosecute those accused of money laundering.
Far-ranging month for the Chair of the Bar
Endometriosis Awareness North, a charity raising awareness of endometriosis and supporting those affected across the North of England, has received a £500 boost from AlphaBiolabs via the company’s Giving Back initiative
Marie Law, Director of Toxicology at AlphaBiolabs, examines the most recent data on alcohol misuse in the UK, and the implications for alcohol testing in family proceedings
Clement Cowley, Partner at The Penny Group, explains how tailored financial planning can help barristers take control of their finances and plan with confidence
Marie Law, Director of Toxicology at AlphaBiolabs
A £500 donation from AlphaBiolabs has been made to the leading UK charity tackling international parental child abduction and the movement of children across international borders
Seeing the full picture – Baljit Ubhey OBE outlines the CPS action plan to tackle violence against women and girls, offering insights directly relevant to courtroom practice
Heritage as an anchor and a compass, finding our common humanity and embracing the power of the outsider – Melina Antoniadis’s lessons learnt
Is the Judicial Conduct Investigations Office process fit for purpose? Women barristers’ experiences of bullying are not being reported or, if they are, they are not making it through the system, says Tana Adkin KC
Review by Daniel Barnett
Chair of the Bar reports back
