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Insider Dealing and Money Laundering in the EU: Law and Regulation, by Rch Alexander. Aldershot: Ashgate Publishing, 2007, xiii + 253 + (bibliography + index) 13pp (£55.00 hardback). ISBN 978-0-7546-4926-7.

Published online by Cambridge University Press:  02 January 2018

Nicholas Ryder
Nicholas Ryder*
Affiliation:
Department of Law, University of the West of England, Bristol
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Type
Book Review
Information
Legal Studies , Volume 28 , Issue 4 , December 2008 , pp. 637 - 641
Copyright
Copyright © Society of Legal Scholars 2008

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References

18. For a more detailed commentary on this matter, see Van Duyne, P Money laundering: Pavlov's Dog and beyond’ (1998) 37 Howard Journal of Criminal Justice 359 CrossRefGoogle Scholar at 360 and

19. Council Directive 93/6/EEC.

20. For a more detailed discussion of these issues, see Alldridge, P Money Laundering Law (Oxford: Hart Publishing, 2003)Google Scholar and Gallant, above n 18.

21. For a more detailed commentary on the EC's approach towards the prevention of money laundering, see Mitsilegas, V and Gilmore, B The Eu legislative framework against money laundering and terrorist funding: a critical analysis in light of the evolving global standards’ (2007) 56 International and Comparative Law Quarterly 119.CrossRefGoogle Scholar

22. For a detailed commentary on the effectiveness of the FATF, see Lim, Yc and Johnson, J Money laundering: has the Financial Action Task Force made a difference?’ (2002) 10 Journal of Financial Crime 7.Google Scholar

23. Council Directive 89/592/EEC.

24. The third Directive was implemented by HM Treasury on 15 December 2007. See Money Laundering Regulations 2007, SI 2007/2157.

25. For a more detailed discussion of what amounts to suspicion, see Bosworth-Davies, R Cja 1993: money laundering’ (1994) 15 The Company Lawyer 56 Google Scholar, K Ltd v National Westminster Bank plc[2006] 4 All ER 907 and JMLSG Prevention of Money Laundering/Combating the Funding of Terrorism (London, 2006) at pp 113–114.

26. NC Morrison ‘Money laundering legislation in the UK’ (1995) 14 International Banking and Financial Law 3 at 4.

27. For a more detailed discussion of this legislation see generally R Stokes and A Arora ‘The duty to report under the money laundering legislation within the United Kingdom’ [2004] Journal of Business Law 332.

28. KPMG Money Laundering: Review of the Reporting System (London, 2003) p 14.

29. Ibid, pp 17–20.

30. MH Fleming UK Law Enforcement Agency Use and Management of Suspicious Activity Reports: Towards Determining the Value of the Regime (London, 2005).

31. Ibid.

32. SOCA Review of the Suspicious Activity Reports Regime (London, 2006) pp 16–17.

33. For a more detailed commentary of both of these pieces of legislation, see, eg, Ryder, N A false sense of security? an analysis of legislative approaches to the prevention of terrorist finance in the United States of America and the United Kingdom 2007 Journal of Business Law 821.Google Scholar

34. Graham, T Money laundering: the Fsa's new role’ (2000) 2 Journal of International Financial Markets 240 Google Scholar at 243.

35. Financial Services and Markets Act 2000, s 206(1).

36. FSA Press Release, ‘FSA Fines Royal Bank of Scotland £750,000 for money laundering control failings’ (FSA/PN/123/2002, 17 December 2002), available at http://www.fsa.gov.uk.

37. FSA Press Release, ‘FSA fines bond broker and managing director for anti-money laundering failures’ (FSA/PN/117/2005, 9 November 9 2005), available at http://www.fsa.gov.uk.

38. FSA Press Release, ‘FSA Fines Raiffeisen Zentralbank £150,000 for money laundering control failings’ (FSA/PN/035/2004, 6 April 2004), available at http://www.fsa.gov.uk.

39. FSA Press Release, ‘FSA Fines Bank of Ireland £375,000 for money laundering control failings’ (FSA/PN/077/2004, 2 September 2004), available at http://www.fsa.gov.uk.

40. FSA Press Release, ‘FSA Fines Abbey National £2,320,000 for money laundering control failings’ (FSA/PN/132/2003, 10 December 2003), available at http://www.fsa.gov.uk.

41. M Yeandle et al Anti-Money Laundering Requirements: Costs, Benefits and Perceptions (London, 2005).

42. R Sarker ‘Anti-money laundering requirements: too much pain for too little gain’ (2006) 27 The Company Lawyer 250 at 251.