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Management number | 201915423 | Release Date | 2025/10/08 | List Price | $82.23 | Model Number | 201915423 | ||
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The book explores the ability of island jurisdictions with financial centres to meet the expectations of the international community in addressing the threats posed by their facilitation of suspect wealth. It focuses on Bermuda, Turks and Caicos, and Anguilla, examining the viability of international standards on suspect wealth and their willingness to comply with them. While the territories demonstrate willingness to comply, their abilities and levels of compliance vary. The book acknowledges the facilitatively harmful role of the territories but questions the degree of criticism they have encountered in light of their willingness to engage in internationally accepted laws and cooperate with international institutions.
Format: Hardback
Length: 190 pages
Publication date: 16 July 2021
Publisher: Taylor & Francis Ltd
In the intricate web of the global financial landscape, British Overseas Territories emerge as pivotal players. These territories, endowed with the inalienable right to self-determination, have ventured into the realm of offshore financial centers, driven by the pursuit of sustainable economic development. This book delves into the realm of suspect wealth, originating from financial crimes such as corruption, money laundering, and tax evasion, as well as contentious practices like tax avoidance. With a focus on Bermuda, Turks and Caicos, and Anguilla, the book explores the challenges posed by these territories in addressing the threats posed by their innocent facilitation of the receipt of suspect wealth. While universalism is a desirable goal in the modern approach to tackling suspect wealth, it is acknowledged that a one-size-fits-all approach is inadequate for these jurisdictions. Through a critical evaluation of their legislative and regulatory frameworks, the book demonstrates their willingness to adhere to international standards. However, the extent to which they comply with these standards varies, highlighting the diverse abilities and levels of compliance within these territories. Recognizing the potentially facilitative role that these offshore jurisdictions can play, the book draws upon evidence of their involvement in transnational financial crime cases. Nevertheless, it raises questions about the extent of criticism they have faced, considering their apparent willingness to engage in the enactment and administration of internationally accepted laws and cooperate with international institutions.
Weight: 474g
Dimension: 160 x 241 x 21 (mm)
ISBN-13: 9780367651091
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