- Paperback: 248 pages
- Publisher: Peterson Institute (November 2004)
- Language: English
- ISBN-10: 088-1323705
- ISBN-13: 978-0881323702
- Dimensions: 8.9 x 5.9 x 0.5 inches
Originally developed to reduce drug trafficking, national and international efforts to reduce money laundering have broadened over the years to address other crimes, and most recently, terrorism. These efforts now constitute a formidable regime applied to financial institutions and transactions throughout much of the world. Yet few assessments of either the achievements or consequences of this regime have been made. Reuter and Truman (1) explore what is know about the scale and characteristics of money laundering, (2) describe the current anti-money laundering regime, (3) develop a framework for assessing the effectiveness of the regime, and (4) use that framework to assess how well the current system works and make proposals for its improvement.
1. Chasing Dirty Money
2. How Much Money is Laundered?
3. Money Laundering: Methods and Markets
4. The Anti-Money Laundering Regime
5. Combating Predicate Crimes Involved in Money Laundering
6. Protecting Financial System Integrity
7. Combating Global “Public Bads”
8. Improving the Global AML Regime
About the Authors
Peter Reuter is a professor in the School of Public Affairs and in the Department of Criminology at the University of Maryland. Since July 1999, he has been the editor of the Journal of Policy Analysis and Management. He was a senior economist in the Washington office of the RAND Corporation (1981-93). He founded and directed RAND’s Drug Policy Research Center (1989-93). His early research focused on the organization of illegal markets and resulted in the publication of Disorganized Crime: The Economics of the Visible Hand (MIT Press, 1983), which won the Leslie Wilkins award for the most outstanding book of the year in criminology and criminal justice. He has served as a consultant to numerous government agencies (including the US General Accounting Office, the White House Office of National Drug Control Policy, the National Institute of Justice, and the Substance Abuse and Mental Health Services Administration) and to foreign organizations including the United Nations Drug Control Program and the British Department of Health.
Edwin M. Truman
Edwin M. Truman, senior fellow since 2001, served as assistant secretary of the US Treasury for International Affairs from December 1998 to January 2001. He directed the Division of International Finance of the Board of Governors of the Federal Reserve System from 1977 to 1998. From 1983 to 1998, he was one of three economists on the staff of the Federal Open Market Committee.
Truman has been a member of numerous international groups working on economic and financial issues, including the Financial Stability Forum’s Working Group on Highly Leveraged Institutions (1999-2000), G-22 Working Party on Transparency and Accountability (1998), G-10-sponsored Working Party on Financial Stability in Emerging Market Economies (1996-97), G-10 Working Group on the Resolution of Sovereign Liquidity Crises (1995-96), and G-7 Working Group on Exchange Market Intervention (1982-83). He has published on international monetary economics, international debt problems, economic development, and European economic integration. He is the author, coauthor, or editor of Reforming the IMF for the 21st Century (2006), A Strategy for IMF Reform (2006), Chasing Dirty Money: The Fight Against Money Laundering (2004), and Inflation Targeting in the World Economy (2003).