Evaluating the Effectiveness of Global Money Laundering Control Systems

Money laundering is the process aimed at disguising the origin of the proceeds of serious crimes, typically referred to as predicate offenses.

Recent decades have seen an increasing focus by national governments and international bodies on money laundering because of the threat it ostensibly poses both to society and to the global financial system.

This threat image has resulted in the implementation of a wide array of legislative, regulatory, and policy measures aimed at preventing illicit proceeds of crime from flowing into the financial system.

The continued globalization of finances has generated an ever-larger array of methods for making criminal earnings appear legitimate.