The Impact of Recent Money Laundering Legislation on Financial Intermediaries

Abstract

The Criminal Justice Act 1993 (CJA 1993) introduces a wide array of offences designed to combat the threat of money laundering. While not the first piece of legislation with such a purpose, the CJA 1993 is a major bulwark in the United Kingdom's anti‐laundering legislation, creating several offences for what might at first seem barely criminal behaviour. Furthermore, the Money Laundering Regulations of the same year place an onerous burden on financial institutions to put in place systems to combat laundering.

Citation

Clark, N. (1995), "The Impact of Recent Money Laundering Legislation on Financial Intermediaries", Journal of Financial Crime, Vol. 3 No. 2, pp. 131-147. https://doi.org/10.1108/eb025694