Money Laundering Essay Example | Topics and Well Written Essays - 1000 words

gold Laundering - Essay ExampleMoney represents the lifeblood of a criminal or a terrorist organisation and it is for this reason that most countries and global institutions have an interest group in detecting and preventing money wash2. Researchers suggest that the estimated aggregate funds processed by money laundering activities from around the world range from US$ 590 billion to US$ 1.5 trillion3. However, approaches to regulation, implementation and enforcement of anti-money laundering legislation protest despite a consensus for global cooperation and affect the anti-money laundering efforts as nations try to balance regulation, cost of enforcement and rights4 . The study financial centres from around the world have presented a need for greatest vigilance and effort order towards prevention and prosecution of those involved in money laundering because global flows of dirty money ar either generated in affluent economies or flow through these centres. Thus, it makes sense t o try to prove the nature, strain and implementation of the anti-money laundering regulation and efforts in London and the UK within a broader regional and global consideration involving other major financial centres from around the world. It is with the previously mentioned objectives of interest to all those with an interest in the proceeds of discussion that this dissertation attempts to examine critically the prevailing anti-money laundering government in the UK.To try to examine the anti-money laundering approach in the United Kingdom from the perspectives of domestic concerns, rights, expenses incurred for enforcement and development of European and international faithfulness and regulation.To present an examination of the processes for money laundering, their evolution and the manner in which the United Kingdom anti-money laundering government acts to effectively prevent and deter money laundering.To try to present suggestions for improvements in effectiveness of the a nti-money laundering regime in the United Kingdom,