ABSTRACT

Financial institutions, as gateways to the financial system, to economic power and possibilities, are one of the major vehicles for money laundering and therefore also represent an important means to prevent this type of crime. The compliance officer symbolises a part of this private investment in anti money laundering (AML) and as a bank employee is responsible for the implementation of governmental objectives, trapped between crime fighting objectives and commercial goals. The duality of the involvement of private partners in the AML complex and the vastness of the system serves as a background for a new book looking at the functioning, values and perceptions of actors within this system.

With thorough analysis of original empirical date, Verhage provides a rich and illustrative insight in the world of compliance officers and the sometimes paradoxical AML system that they have to work within.

chapter |9 pages

Introduction

chapter |19 pages

Methodology in studying corporations

Breaking our of the tunnel vision 1

chapter |21 pages

Money laundering and the social reaction

A battle instigated by power motives? 1

chapter |20 pages

The compliance officer

Functioning between the hammer and the anvil 1

chapter |29 pages

The anti money laundering complex

A public–private approach of anti money laundering 1

chapter |26 pages

The beauty of grey

The investigation of suspicious transactions 1

chapter |20 pages

Supply and demand

Anti money laundering by the compliance industry 1

chapter |9 pages

The anti money laundering chain in Belgium

Measuring ‘effectiveness'? 1

chapter |20 pages

Conclusion

Policing the money 1