LEADER 06027oam 2200829I 450 001 9910463010803321 005 20200520144314.0 010 $a0-203-07603-6 010 $a1-299-14113-7 010 $a1-135-12338-1 024 7 $a10.4324/9780203076033 035 $a(CKB)2670000000331294 035 $a(EBL)1125183 035 $a(OCoLC)828298834 035 $a(SSID)ssj0000821597 035 $a(PQKBManifestationID)12426938 035 $a(PQKBTitleCode)TC0000821597 035 $a(PQKBWorkID)10878764 035 $a(PQKB)10261205 035 $a(MiAaPQ)EBC1125183 035 $a(Au-PeEL)EBL1125183 035 $a(CaPaEBR)ebr10659484 035 $a(CaONFJC)MIL445363 035 $a(OCoLC)827947123 035 $a(EXLCZ)992670000000331294 100 $a20180706d2013 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBanking secrecy and offshore financial centres $emoney laundering and offshore banking /$fMary Alice Young 210 1$aAbingdon, Oxon :$cRoutledge,$d2013. 215 $a1 online resource (217 p.) 225 1 $aRoutledge research in finance and banking law 225 0$aRoutledge research in finance and banking law 300 $aDescription based upon print version of record. 311 $a1-138-19516-2 311 $a0-415-52632-9 320 $aIncludes bibliographical references (p. [167]-179) and index. 327 $aCover; Banking Secrecy and Offshore Financial Centers: Money laundering and offshore banking; Copyright; Contents; Table of cases; Table of legislation; Table of conventions; Table of international agreements; Abbreviations; Preface; Acknowledgements; 1 Introduction; Introduction; Existing literature; Contribution to research; The use and effectiveness of confiscation in the fight against global organized crime in the twenty-first century; The interaction between confiscation and banking confidentiality 327 $aThe disparity between actual and apparent commitment to confiscation by offshore financial centersThe effectiveness of international and regional confiscation laws in the context of politically unmotivated parties; The hypocritical attitude by the West to offshore financial centers; Background concepts; The laundering process; Confiscation; Offshore financial centers; Banking confidentiality; Overview; Chapter 2: The justifications and competing interests of confiscation law; Chapter 3: International law; Chapter 4: Regional law; Chapter 5: Case study: The Cayman Islands 327 $aChapter 6: Tackling strong banking confidentiality to strengthen confiscationNotes; 2 Confiscation: Justifications and competing interests; Introduction; Confiscation and forfeiture; Confiscation; Forfeiture; Confiscation: proceeds versus profits; Justifications of confiscation; Punishment; Deterrence; Compensation/redistribution of the criminally derived assets; Confiscation and competing interests including human rights; The public importance of confiscation; Confiscation versus the right to property; The 'package' approach to sanctions 327 $aConfiscation versus banking confidentiality and the right to privacyConclusion; Notes; 3 International law; Introduction; The international agreements; The international confiscation legal regime; The United Nations Conventions; The 1988 Vienna Convention; The 2000 Palermo Convention; The 2003 Corruption Convention; The 1999 Terrorism Convention; The Financial Action Task Force 40 Recommendations; The importance of the international agreements in the sphere of organized crime with regards to drug trafficking; The aims of confiscation under the international agreements 327 $aImplementation of the deterrence function under the 1988 Vienna Convention and 40 RecommendationsImplementation of the redistribution function under the agreements; Policing for profit?; Implementation of the punishment function (with reference to corruption); Effectiveness of the international enforcement mechanisms; The general problems associated with international law enforcement; Facilitative enforcement; Enforcement through reporting and supervision; Conclusion; Notes; 4 Regional law; Introduction; The Caribbean: the regional crime problem; Confiscation: the regional agreements 327 $aBackground to the 19 Recommendations 330 $aThis book brings together the issues surrounding banking secrecy and confiscation of criminal proceeds. The book examines the existing legal agreements at the international, regional and national levels and their interaction in the substantive areas of confiscation, anti-money laundering and banking confidentiality laws. It looks at how these agreements have been applied in offshore financial centers and demonstrates that despite a number of legally binding UN Conventions as well as global anti-money laundering recommendations, the implementation of them is often lukewarm by those Parties w 410 0$aRoutledge Research in Finance and Banking Law 606 $aBanks and banking, International$xCorrupt practices 606 $aMoney laundering 606 $aBanks and banking, Foreign 606 $aBanks and banking, International$xLaw and legislation 606 $aFinance$xCorrupt practices 606 $aCriminal investigation 606 $aBanking law$zCayman Islands 608 $aElectronic books. 615 0$aBanks and banking, International$xCorrupt practices. 615 0$aMoney laundering. 615 0$aBanks and banking, Foreign. 615 0$aBanks and banking, International$xLaw and legislation. 615 0$aFinance$xCorrupt practices. 615 0$aCriminal investigation. 615 0$aBanking law 676 $a346/.082 700 $aYoung$b Mary Alice.$0975793 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463010803321 996 $aBanking secrecy and offshore financial centres$92222045 997 $aUNINA