Post Profile






Money Laundering Laws: Ineffective and Expensive

Beginning in the 1970s and 1980s, the federal government (as well as other governments around the world) began to adopt policies based on the idea that crime could be reduced if you somehow could make it very difficult for criminals to use the money they illegally obtain. So we now have a bunch of laws and regulations that require financial institutions to spy on their customers in hopes that this will inhibit money laundering.
read more

share

Related Posts


DEA Launders Money for Mexican Drug Cartels

News : Truthdig

To what length should governments enable crime in order to catch criminals? That’s the ethical issue raised by a New York Times article that reports DEA agents have laundered millions of dollars in drug proceeds to battle Mexican ca...

Citigroup unit probed by more authorities over money laundering

Business & Finance : Business Insider: Money Game

NEW YORK (Reuters) - Citigroup Inc said additional government authorities have started probes of possible breaches of anti-money laundering laws at its Banamex USA unit. The Financial Crimes Enforcement Network, a unit of the U.S. T...

New law against gay bias in federal employment is needed, report says

Politics / US Politics : The Federal Eye

Workplace discrimination against federal employees based on sexual orientation has been against government’s policy since 1980, but the policy has not been interpreted uniformly, says a Merit Systems Protection Board (MSPB) report. ...

Shedding Light on the True Identities of Company Owners Takes Centre Stage in Combating AML and Financial Crimes

Society & Culture : Huffington Post: Impact Blog

From money laundering to terrorist financing to tax evasion, opaque businesses and corporate vehicles have become a useful tool for international criminals. For governments and regulators attempting to battle these financial crimes,...

World Bank: Anti–Money Laundering Rules Hurt the Poor

Academics / Political Science : Cato @ Liberty

By Daniel J. Mitchell I’ve complained many times about the pointless nature of anti–money laundering laws. They impose very high costs and force banks to spy on their customers, but they are utterly ineffective as a weapon against c...

Comments


Copyright © 2016 Regator, LLC