Criminal liability of employees of financial intermediaries for money laundering: a British perspective

Alexander, Richard

Abstract

The money laundering rules, both those contained in the Proceeds of Crime Act 2002 (and the legislation which preceded it) and the provisions of the Money Laundering Regulations 1993, impose considerable liabilities not just on institutions but on their individual officers and employees. Although the Money Laundering Reporting Officer / Compliance Officer has particular responsibilities, this does not absolve the other employees of the firm from the requirement to exercise considerable diligence on their own account.

Citation

Alexander, R. (2003). Criminal liability of employees of financial intermediaries for money laundering: a British perspective. In A. Adamski (Ed.), Economic Crime in Polish and European Union Perspectives (318-339). TNOiK

• Publication Date: Jan 1, 2003
• Deposit Date: Feb 2, 2005
• Publicly Available Date: Jan 21, 2025
• Peer Reviewed: Peer Reviewed
• Pages: 318-339
• Book Title: Economic Crime in Polish and European Union Perspectives
• ISBN: 9788372851390
• Keywords: Money laundering, Criminal Justice Act 1988, Drug Trafficking Act 1994, Proceeds of Crime Act 2002, Money Laundering Regulations 1993, Money Laundering Reporting Officer, Compliance Officer, nominated officer
• Additional Information: Additional Information : Published in January 2003, before the Proceeds of Crime Act 2002 came fully into force and also before the introduction of the Money Laundering Regulations 2003.