ABSTRACT
This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book explores the financial intelligence provisions of both the anti-money laundering framework and the Organisation for Economic Co-operation and Development’s Common Reporting Standard and considers the effectiveness and proportionality of both. It argues that, notwithstanding the positive 2018 Financial Action Task Force (FATF) evaluation of the United Kingdom, it is important to keep the law under review and to improve efficiency. The book is concerned primarily with tax offences, which are explicitly provided for in both the FATF Standards and the European Union Fourth Money Laundering Directive. It also considers the institutional characteristics of the legal profession from an alternative perspective, exploring how features of the profession can provide opportunities for lawyers to facilitate money laundering on behalf of their clients. The book deals with outliers in the counter-terrorism financing field.
