Publisher： Emerald Group Publishing Ltd
ISSN： 1368-5201
Source： Journal of Money Laundering Control, Vol.6, Iss.3, 2003-07, pp. : 255-260
Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.
Abstract
Discusses the new section inserted by the Anti-Terrorism, Crime and Security Act 2001 in the Terrorism Act 2000, which imposes an obligation of disclosure on a person who, in the course of his business in the regulated sector, has reason to suspect that an offence has been committed under the 2000 Act. Moves on to the provisions of the Joint Money Laundering Steering Group (JMLSG) guidance notes N2 and the Wolfsberg principles. Outlines the dilemmas facing organisations: what to do when they know or suspect an offence, protection against civil liability, and what offences can be committed. Explains what constitute reasonable grounds for suspicion, corporate liability, and defences.
Related content
Access to resources
Recommend
