Bank Secrecy

Abstract

Bank secrecy and how it facilitates multiple opportunities for money laundering and various other criminal activities are matters in which governments must be interested. These matters have recently been the subject of a study carried out on behalf of the United Nations entitled Financial Havens, Banking Secrecy and Money Laundering. The study concluded that criminal organisations are making wide use of the opportunities offered by financial havens and offshore centres to launder criminal assets, thereby creating roadblocks to criminal investigations.

Citation

(2000), "Bank Secrecy", Journal of Financial Crime, Vol. 8 No. 2, pp. 113-116. https://doi.org/10.1108/eb025973