Money laundering: towards an alternative interpretation – Chapter two

Abstract

Purpose

The second part of a series that aims to provide an alternative viewpoint about the issues surrounding money laundering.

Design/methodology/approach

The paper combines narrative with argument and analysis to look closely at how the present state of the money laundering laws which are currently in force have arisen, to a greater or lesser extent, throughout the world.

Findings

No real understanding of this phenomenon can be achieved without understanding the political conflicts which are identified by the US approach to world affairs, and the part that the US currency plays in them, because it is as much the influence of the ex‐patriot US dollar which plays such a significant part in the world of funny money control, as any other aspect.

Originality/value

This comparative study enables readers to see more clearly the intentions behind the thinking (or lack of it) of those who have implemented the legislative changes, as well as their geo‐political ambitions.

Citation

Bosworth‐Davies, R. (2006), "Money laundering: towards an alternative interpretation – Chapter two", Journal of Money Laundering Control, Vol. 9 No. 4, pp. 346-364. https://doi.org/10.1108/13685200610707608