Banking Secrecy and Money Laundering

39.00

To assess the question as to which extent secrecy rules are likely to attract professional launderers, this study written by Marco Zwick, will explore differents topics: Banking secrecy and its limitations, different stages of money laundering and others.

ISBN : 9782879740560.
Catégories : , , .
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Jurisdictions, such as Luxembourg, are often criticised for attracting professional launderers, due to the strong banking secrecy legislation governing their banking business. Although this criticism may sometimes be justified to a certain extent, it usually lacks, however, complete objectivity in assessing all sides of the story. Fragmented views on this topic are dangerous in that they are potentially misleading the public opinion.

To assess the question as to which extent secrecy rules are likely to attract professional launderers, Marco Zwick’s study from will explore the followings topics:
– Banking secrecy and its limitations.
– Different stages of money laundering.
– Latest developments in the techniques used by professional launderers.
– Legal national and international framework surrounding financial operations processed via Luxembourg banks.
– Importance of money laundering in other international financial centres not submitted to strict bank secrecy regulation.
– Banking secrecy rules as a potentially hindering factor in international co-operation actively to combat money laundering.