*/
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.
Update from the Chair of the Bar
By David Green
Mário Barroso, Head of R&D and Method Development at AlphaBiolabs, examines the forensic science underpinning hair drug testing, its evidential scope and limitations, and why it remains the gold standard for evidencing patterns of drug use in family proceedings
Unlocking your aged debt to fund your tax in one easy step. By Philip N Bristow
Clement Cowley, Partner at The Penny Group, discusses the upcoming changes to pensions and Inheritance Tax and the potential impact on your financial future
Save the Children UK is the latest charity to benefit from a £500 donation from AlphaBiolabs via the company’s Giving Back initiative
The Chief Legal Officer to the Metropolitan Police, barrister Brett Welch, tells Anthony Inglese CB about his mission and the work to turn the Met around
Barrister apprenticeships – shortly to provide the fourth pathway to the Bar – are an ideal opportunity to support local talent and ‘grow your own’, say Tim Coulson and Dr Jane Dennehy
Born from a grievance, their research project grew into a book and is now challenging the status quo. Emma Price and Emma-Louise Fenelon reveal the key findings – and the critical next steps
Grok around and find out – or not? Mariya Peykova investigates the nudification scandal, what the law has to say about sexually explicit deepfakes, and whether stronger regulation is needed
Oliver Lewis spotlights an overlooked yet rapidly evolving area of law – coercive and controlling behaviour within care contexts
