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A Gateway for Money Laundering? Financial Liberalisation in Developing and Transitional Economies

Journal of Money Laundering Control

ISSN: 1368-5201

Article publication date: 1 February 1998

189

Abstract

In the eternal quest to launder money, those seeking legitimacy for their wealth will transcend all frontiers, be they technological, geographic or indeed legal. As one door is shut, launderers find the key to new havens for their ill‐gotten gains. So the inevitable backlash of the strict anti money‐laundering measures adopted by the USA and Western Europe, for example, is that launderers have had to look for a more friendly environment in which to cleanse their funds.

Citation

Ali, S.A. (1998), "A Gateway for Money Laundering? Financial Liberalisation in Developing and Transitional Economies", Journal of Money Laundering Control, Vol. 1 No. 4, pp. 326-328. https://doi.org/10.1108/eb027157

Publisher

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MCB UP Ltd

Copyright © 1998, MCB UP Limited

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