Edited by Monica den Boer
Chapter 10: Policing illicit financial flows: multi-agency co-operation and legal developments
Stemming the flow of illicit finance across the world has become a major law enforcement priority. The contribution of comparative legal research is to analyse the development and implementation of evolving national and international legal frameworks, and to question their coherence. While focusing on the multi-agency policing of money laundering, the chapter addresses to what extent a common legal approach has been established to the definition of conduct, preventative policing mechanisms, and the attribution of penalties. The assertion of harmonization is challenged through a closer examination of the legal situation in the United Kingdom, demonstrating that competing governance structures of police organizations influence the policing and financial investigation of money laundering. Jurisdictions are likely to experience tensions in the policing of other irregular financial flows. The chapter also highlights the important role that has been performed by a variety of international actors, including the Council of Europe, the United Nations, the Financial Action Task Force as well as the European Union.
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