Corruption And Money Laundering: A Symbiotic Relationship (palgrave Series In Asian Governance)

Through a policy and legal analysis, this book shows how corruption facilitates money laundering, and vice versa. Furthermore, it demonstrates specifically how the responses developed to combat one type of financial crime can productively be employed in fighting the other. Corruption is the biggest single obstacle to development, while money laundering is at the heart of all profit-driven crime. The failure to appreciate the intimate linkages between these two crimes has undermined international efforts to combat these global scourges. Through a policy and legal analysis, this book shows how corruption facilitates money laundering and vice versa. It demonstrates how strategies utilized to counter one type of financial crime can be adapted to fight the other. Chaikin and Sharman provide a pioneering evaluation of the current systems from multi-disciplinary perspective based on professional experience and extensive interviews Front Matter....Pages i-x Introduction....Pages 1-6 The Corruption-Money Laundering Nexus....Pages 7-30 International Responses to Corruption and Money Laundering....Pages 31-57 Points of Vulnerability....Pages 59-81 Senior Public Officials and Politically Exposed Persons....Pages 83-113 Best Practice for International Cooperation....Pages 115-152 The Marcos Kleptocracy....Pages 153-186 Conclusion....Pages 187-198 Back Matter....Pages 199-234