Money Laundering in the EU


Methods and Stages


The explosion of money laundering


Macroeconomic Consequences


The Risks to Financial Institutions


The Risk to the Financial System


The Euro and Money Laundering


Money Laundering as Tax Evasion


Social and Political Costs


International Conventions


EU Directives on Money Laundering


The Achilles Heel


Bibliography and some useful links



Bibliography and some useful links

Peter Lilley, Dirty Dealing: The Untold Truth about Global Money Laundering,(2000 Kogan Page Limited, London)

N.C. DeAssis & S.M. Yikona, Financial Sector Development and Money Laundering, (1996 Mission Press, Zambia)

Guy Stessens, Money Laundering, (2000 Cambridge University Press, Cambridge)

Peter Temple, Essential Elements of the Prevention of Money Laundering, (2001 Securities Institute Washington DC)

William C Gilmore, International Efforts to Combat Money Laundering, (1992 Grotius Publications, Cambridge)

Sandeep Savla, Money Laundering and Financial Intermediaries, (2001 Kluwer Academic Publishers Group, Dordrechdt) By Billy's Money Laundering Information Site, Billy Steele. Financial Action Task Force on Money Laundering website. United Nations Office for Drug Control and Crime Prevention Money-Laundering Rules May Upset EU By Deborah Hargreaves Financial Times April 2, 2001 EU in the USA website. IMF website on money laundering, very useful when looking at the financial implications of money laundering.

International Monetary Fund. Enhancing Contributions to Combating
Money Laundering: Policy Paper. Prepared by the staffs of the
International Monetary Fund and the World Bank. Washington, D.C.:
IMF, 2001. World Bank website, deals primarily on the macro-economic consequences of money laundering.

Schroeder, William. "Money Laundering: A Global Threat and the
International Community's Response," FBI Law Enforcement Bulletin:
(May 2001), pp. 1-9.

National Money Laundering Strategy for 2000.
Washington, D.C.: U.S. Department of the Treasury and U.S. Department
of Justice, 2000.

U.S. Department of State. Money Laundering and Financial Crimes.
Washington, D.C.: Bureau of International Narcotics and Law
Enforcement, 2001.