Description
Organised Crime and Criminals in general have historically utilised the availability of the Offshore Financial Centres around the world for the illicit Laundering of their Proceeds of Crime.
They cannot do this without the assistance of Professional Enablers.
a)Critically discuss the advantages and disadvantages of the Offshore Financial Industry.
b)Critically discuss the role and responsibilities of the Professional Enablers i.e. Lawyers, accountants and formation agents etc. in this area.
Your answer should demonstrate research of and reference to authoritative sources and an understanding of relevant theory and precedent.
(Useful references)
Vienna convention
Strasbourg Convention
Palermo Convention
Warsaw Conv 2005.
{FATF IX Special Recommendations
October 2001
(incorporating all subsequent amendments until February 2008)}
THE BCCI AFFAIR
The Criminal Finances Act 2017 Key legal changes
Money Laundering Law By Tim Edmonds
{House of Commons Treasury Committee
Economic Crime – Anti-money
laundering supervision and
sanctions implementation
Twenty-Seventh Report of Session 2017–19}
Criminal Finances Act 2017
POWER TO EXTEND MORATORIUM PERIOD
SECTIONS 336A-336C
UK Financial Intelligence Unit
Suspicious Activity Reports Annual Report 2019
