000438639 000__ 03908cam\a2200397Ia\4500
000438639 001__ 438639
000438639 005__ 20211103104718.0
000438639 006__ m\\\\\\\\d\\\\\\\\
000438639 007__ cr\cn\nnnunnun
000438639 008__ 120601s2011\\\\nyu\\\\\ob\\\\001\0\eng\d
000438639 020__ $$a9780801463198 (electronic bk.)
000438639 020__ $$z9780801450181
000438639 020__ $$z0801450187
000438639 035__ $$a(OCoLC)ocn762097543
000438639 035__ $$a(CaPaEBR)ebr10508779
000438639 040__ $$aCaPaEBR$$cCaPaEBR
000438639 05014 $$aHV6768$$b.S53 2011eb
000438639 08204 $$a364.16/8$$222
000438639 1001_ $$aSharman, J. C.$$q(Jason Campbell),$$d1973-
000438639 24514 $$aThe money laundry$$h[electronic resource] :$$bregulating criminal finance in the global economy /$$cJ.C. Sharman.
000438639 260__ $$aIthaca [N.Y.] :$$bCornell University Press,$$c2011.
000438639 300__ $$a1 online resource (xi, 200 p.)
000438639 4901_ $$aCornell studies in political economy
000438639 504__ $$aIncludes bibliographical references and index.
000438639 5050_ $$aIntroduction : policy diffusion and anti-money laundering -- 1: Does anti-money laundering policy work? -- Money laundering and anti-money laundering -- An indirect test of effectiveness -- A direct test of effectiveness -- 2: Why has anti-money laundering policy diffused? -- Blacklisting -- Socialization and competition -- Conclusions : implications for scholarship and policy.
000438639 506__ $$aAccess limited to authorized users.
000438639 520__ $$a"A generation ago not a single country had laws to counter money laundering; now, more countries have standardized anti-money laundering (AML) policies than have armed forces. In The Money Laundry, J. C. Sharman investigates whether AML policy works, and why it has spread so rapidly to so many states with so little in common. Sharman asserts that there are few benefits to such policies but high costs, which fall especially heavily on poor countries. Sharman tests the effectiveness of AML laws by soliciting offers for just the kind of untraceable shell companies that are expressly forbidden by global standards. In practice these are readily available, and the author had no difficulty in buying the services of such companies. After dealing with providers in countries ranging from the Seychelles and Somalia to the United States and Britain, Sharman demonstrates that it is easier to form untraceable companies in large rich states than in small poor ones; the United States is the worst offender.  Despite its ineffectiveness, AML policy has spread via three paths. The Financial Action Task Force, the key standard-setter and enforcer in this area, has successfully implemented a strategy of blacklisting to promote compliance. Publicly identified as noncompliant, targeted states suffered damage to their reputation. Subsequently, officials from poor countries became socialized within transnational policy networks. Finally, international banks began using the presence of AML policy as a proxy for general country risk. Developing states have responded by adopting this policy as a functionally useless but symbolically valuable way of reassuring powerful outsiders. Since the financial crisis of 2008, the G20 has used the successful methods of coercive policy diffusion pioneered in the AML realm as a model for other global governance initiatives."--Publisher's website.
000438639 588__ $$aDescription based on print version record.
000438639 650_0 $$aMoney laundering$$xPrevention.
000438639 650_0 $$aBanks and banking, International$$xLaw and legislation.
000438639 655_7 $$aElectronic books.$$2lcsh
000438639 77608 $$iPrint version:$$aSharman, J. C. (Jason Campbell), 1973-$$tMoney laundry.$$dIthaca [N.Y.] : Cornell University Press, 2011$$z9780801450181$$w(DLC)  2011013087$$w(OCoLC)711959806
000438639 830_0 $$aCornell studies in political economy.
000438639 8520_ $$bacq
000438639 85280 $$bebk$$hProquest Ebook Central
000438639 85640 $$3ProQuest Ebook Central$$uhttps://univsouthin.idm.oclc.org/login?url=https://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=3138254$$zOnline Access
000438639 909CO $$ooai:library.usi.edu:438639$$pGLOBAL_SET
000438639 980__ $$aEBOOK
000438639 980__ $$aBIB
000438639 982__ $$aEbook
000438639 983__ $$aOnline