Anti-Money Laundering. International Law and Practice

Anti-Money Laundering is the definitive reference on money laundering and practice. First an outline will be given of the general approach taken by supra-national organisations like the United Nations and the European Council. Next the approach taken by international organisations and initiatives on the basis of the supra-national initiatives will be outlined by senior members of those organisations. A number of countries will then describe their specific prevention legislation. Countries involved will all be member-countries of the FATF (Financial Action Task Force on Money Laundering). Finally there will be an overview to enable the reader to make a comparison between the most important topics of money laundering legislation and rules in the different countries.

Acknowledgements.

Alliance partners.

About this book.

About the editors.

Foreword.

Professor Kader Asmal, President FATF 2005-2006.

Anti-Money Laundering – A short history.

Wouter H. Muller, editor, Zurich.

INTERNATIONAL ISSUES.

Compliance and AML – Standards, education and training.

William B. Howarth, president ICA, Birmingham (UK).

Anti-Money Laundering Regulation and Trusts.

Martyn Frost, STEP Deputy Chairman, Oldham (UK).

INTERNATIONAL ORGANIZATIONS AND INITIATIVES.

The United Nations Security Council and the effort to combat money laundering and the financing of terrorism.

Joel Sollier, UNSC Counter-Terrorism Committee, New York.

UN Anti-Money Laundering Initiatives.

Rick McDonnell, UNODC, Vienna.

Initiatives of the European Commission.

Franco Frattini, EU Commission, Brussels (Belgium).

The Financial Action Task Force.

Alain Damais, Executive Secretary FATF, Paris (France).

The Egmont Group.

Wouter H. Muller (editor), Zurich.

The Wolfsberg Process.

Mark Pieth, University of Basel.

COUNTRIES.

The Americas.

USA.

John W. Moscow, Rosner Moscow & Napierala LLP, New York.

Canada.

Nancy J. Carroll & Barbara A. McIsaac, McCarthy Tétrault, Toronto/Ottawa (Ontario).

Panama.

Ricardo M. Alba & Eloy Alfaro de Alba, Tapia, Linares & Alfaro, Panama City.

Argentina.

Sebastian A. Soler, Marval, O'Farrell & Mairal, Buenos Aires.

Brazil.

Eliana Maria Filipozzi, Noronha Advogados, London.

Robert Ellis Williams, Noronha Advogados, São Paulo.

Uruguay.

Fabian Rivero, Estudio Bergstein, Montevideo.

Ady Beitler, Montevideo.

Chile.

Cristóbal Eyzaguirre, Felipe Dalgalarrando & Patricio Middleton, Claro y Cia., Santiago de Chile.

Bahamas, Bermuda and Caribbean.

Bermuda.

Craig W. MacIntyre, Conyers Dill & Pearman, Hamilton.

Bahamas.

Cheryl E. Bazard & Tanya C. McCartney, Bahamas Association of Compliance Officers, Nassau.

Cayman Islands.

Martin Livingston, Maples & Calder, Grand Cayman.

British Virgin Islands.

Craig W. MacIntyre, Conyers Dill & Pearman.

Barbados.

Carolyn Hanson, ICA and Barbados Association of Compliance Professionals Christ Church, Barbados.

Netherlands Antilles and Aruba.

Aede Gerbranda, Smeets Thesseling van Bokhorst, Curaçao/Amsterdam.

St. Kitts and Nevis.

Shawna Lake & Idris Fidela Clarke, Ministry of Finance, Basseterre, St. Kitts.

Europe.

Switzerland.

Judith Schmidt, Swiss Money Laundering Control Authority, Berne.

Liechtenstein.

Johannes Gasser & Markus Schwingshackl, Advokaturbüro Dr. Dr. Batliner & Dr. Gasser, Vaduz.

Austria.

Thomas Schirmer & Markus Uitz, Binder Grösswang Rechtsanwälte, Vienna.

United Kingdom.

Peter Burrell & Kate Meakin, Herbert Smith LLP, London.

Jersey.

Andrew le Brun, Jersey Financial Services Commission, St. Helier, Jersey.

Cyprus.

David Stokes,  Andreas Neocleous & Co, Limassol.

Isle of Man.

Nick Verardi & Marc Conway, Dickinson Cruickshank, Douglas (IoM).

Ireland.

John Handoll, William Fry Solicitors, Dublin.

Germany.

Olaf Otting, Gleiss Lutz, Frankfurt/Main.

France.

Philippe Blaquier-Cirelli & Pierre-Yves Couturier, Jeantet Associés, Avocats à la Cour, Paris.

Monaco.

Donald Manasse & Sophie Marquet, Donald Manasse Law Offices, Monaco.

Spain.

Javier García Sanz & Guillermo San Pedro, Uría Menéndez, Madrid.

Italy.

Alberto Giampietri & Paolo Iemma, Gianni Origoni Grippo & Partners, Rome/Milan.

Greece.

D. Karamagiolis, Tsibanoulis & Partners, Athens.

Belgium.

Françoise Lefèvre & Olivier Praet, Linklaters de Bandt, Brussels.

Netherlands.

Enide Perez & Max Vermeij, Stibbe Advocaten, Amsterdam.

Luxembourg.

Pit Reckinger, Elvinger, Hoss & Prussen, Avocats à la Cour, Luxembourg.

Russian Federation.

Valery Tutykhin, John Tiner & Partners, Moscow.

Ukraine.

Dmytro Korbut, Andreas Neocleous & Co, Kiev.

Middle East.

United Arab Emirates.

Messrs Graham Lovett & Charles Barwick, Clifford Chance, Dubai (UAE).

Asia Pacific.

Singapore.

Chee Fang Theng, KhattarWong Advocates & Solicitors, Singapore.

Japan.

Takashi Nakazaki, Anderson Mori Tomotsune, Tokyo.

China.

Donna Li, AllBright Law Offices, Shanghai.

  Gu Xiao Rong, Institute of Law of Shanghai Academy of Social Studies, Shanghai.

Hong Kong.

Steven R. Sieker & L. Travis Benjamin, Baker & McKenzie, Hong Kong.

Australia.

Andrew White, Faculty of Law, University of Melbourne, Victoria.

New Zealand.

David Craig & Simon David, Bell Gully, Barristers and Solicitors, Wellington.

Africa.

South Africa.

Pieter K. Smit, Financial Intelligence Center, Pretoria.

Index.

Wouter H. Muller, TEP, Senior Consultant at Henley & Partners in Zurich, is a lawyer and trust specialist with more than 35 years experience in international trust management and private banking. He obtained a doctorate in civil law at the Law School of the University of Groningen, worked as a solicitor in the Netherlands before joining Pierson, Heldring & Pierson in 1981. He was previously a managing director of the PHP trust company in the Netherlands Antilles, a director of the MeesPierson Bank and Trust company in Luxembourg, Zurich and Zug.

Christian H. Kälin, TEP, Partner at Henley & Partners in Zurich, is an international real-estate, tax and estate-planning specialist and licensed as a financial intermediary in Switzerland. He is the editor and one of the co-authors of the International Real Estate Handbook as well as the Switzerland Business & Investment Handbook. After completing Zurich Business School and his training at a Swiss private bank, he lived and studied in several countries before graduating from the University of Zurich with a cum laude Masters degree in law.

John G. Goldsworth, Editor of Trusts & Trustees, is a barrister based in London and Of Counsel to Henley & Partners in Jersey, Channel Islands. He holds an LLB (Hons) from the University of London and an LLM in International Business Law from the University of Exeter. He frequently acts as a chairman and lecturer at professional conferences and advises governments, institutions and companies on the proper use and development of international financial activities and on the development of legislation for inward and outward investment, including company law, trusts, tax law, financial law and the relevant regulatory framework.