Fundamental Principles of EU Law Against Money Laundering

202 Pages·2014·0.99 MB·English

by  Emmanuel Ioannides

Fundamental PrinciPles oF eu law
against money laundering
This page has been left blank intentionally
Fundamental Principles of eu
law against money laundering
emmanuel ioannides
Economic Crime/Compliance Expert, MICA
© emmanuel ioannides 2014
all rights reserved. no part of this publication may be reproduced, stored in a retrieval
system or transmitted in any form or by any means, electronic, mechanical, photocopying,
recording or otherwise without the prior permission of the publisher.
emmanuel ioannides has asserted his right under the copyright, designs and Patents act,
1988, to be identified as the author of this work.
Published by
ashgate Publishing limited ashgate Publishing company
wey court east 110 cherry street
union road suite 3-1
Farnham Burlington, Vt 05401-3818
surrey, gu9 7Pt usa
england
www.ashgate.com
British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library
The Library of Congress has cataloged the printed edition as follows:
ioannides, emmanuel, author.
Fundamental principles of eu law against money laundering / by emmanuel ioannides.
pages cm
includes bibliographical references and index.
ISBN 978-1-4724-3188-2 (hardback) -- ISBN 978-1-4724-3189-9 (ebook) -- ISBN 978-
1-4724-3190-5 (epub) 1. Money laundering--European Union countries--Prevention. 2.
money--law and legislation--european union countries--criminal provisions. i. title.
KJe7475.i57 2015
345.24'0268--dc23
2014021464
ISBN 9781472431882 (hbk)
ISBN 9781472431899 (ebk – PDF)
ISBN 9781472431905 (ebk – ePUB)
V
Printed in the united Kingdom by Henry ling limited,
at the dorset Press, dorchester, dt1 1Hd
Contents
Table of Cases vii
List of Journal Abbreviations xi
Preface xiii
Introduction: The Guide to Understanding AML Law 1
PART I BAsIc PRIncIPles
1 The Rationale of Money Laundering Controls 7
2 How the Criminal Enterprise is Resisted and Disrupted 31
3 Transnational Organised Crime and Corruption 59
PART II AdvAnced PRIncIPles
4 Restructuring Unaccountable Wealth and the Tax Issue 81
5 Disclosure of Offences, the Anatomy of the Conspiracy
Charge and the Burden of Proof 97
6 Financial Intelligence 113
7 The Impact of the Retention of Personal Data on the Rights
of Unconvicted Persons and the Effects of Financial Regulation
on Businesses 131
8 Conclusion 145
Bibliography 161
Index 183
This page has been left blank intentionally
Table of Cases
Hong Kong Cases
Attorney-General for Hong Kong v Hui Kin Hong [1005] HKCA Crim 351
(Court of Appeal of Hong Kong), paras 5–9.
Attorney-General for Hong Kong v Reid (1994) 1 AC 324.
Scottish Cases
Ahmed v Her Majesty’s Advocate 2009 ScotHC HCJAC 60, para 30.
United Kingdom Cases
A
R v Ali [2006] WLR 316 (CA), 351, para 148.
Assets Recovery Agency v Green [2005] EWHC 3168 Admin (HC), paras 33–34.
Assets Recovery Agency v Jackson [2007] EWHC 2553 (QB).
Assets Recovery Agency v Olupitan [2007] EWHC 162 (QB).
C
R v Churchill [1967] 2 AC 224.
Crofter Hand-Woven Harris Tweed Co v Vei tch [1942] AC 435, 439.
D
R v Da Silva [2006] EWCA Crim 1654 (CA).
Director of Assets Recovery Agency v Szepietowski [2007] EWCA Civ 766 (CA).
E
R v El Kurd [2007] EWCA Crim 1888 (CA), para 64.
viii Fundamental Principles of EU Law Against Money Laundering
F
Federation of Tour Operators v HM Treasury [2008] EWCA Civ 752.
G
R v Gabriel [2006] EWCA Crim 229 (CA).
H
Hussien v Chong Fook Kam [1970] AC 948B [13].
Hogan v The Director of Public Prosecutions [2007] EWHC 978 Admin (QB),
para 43.
I
R v IK [2007] EWCA Crim 491 (CA).
K
K Ltd v National Westminister Bank Plc [2006] EWCA Civ 1039 (CA) 156.
L
R v Liaquat [2005] EWCA Crim 87 (CA).
M
R v Montila [2004] UKHL 50, para 42.
N
N2J Limited v Cater Allen [2006] EWHC B10 (QB).
R v NW [2008] EWCA Crim2 (CA), paras16, 22.
P
Serious Organised Crime Agency v Pelekanos [2009] EWHC 2307 (QB), paras
6–18.
S
R v Saik [2006] UKHL 18, para 23.
R v Sakavickas [2004] EWCA Crim 2686 (CA).
Table of Cases ix
Shah v HSBC Private Bank (UK) Ltd [2009] EWHC 79 (QB).
Sheldrake v DPP and Attorney-General [2004] 3 WLR 976.
Squirrell Ltd v National Westminister Bank Plc [2005] EWHC 664 (Ch).
R v South Yorkshire Police [2004] UKHL 39.
U
UMBS Online Ltd v Serious Organised Crime Agency Rev 2 [2007] EWCA Civ
406 (CA).
W
R v Whittington [2009] Crim 1641 (AC), paras 40–42.
United States of America Cases
C
California Bankers Association v Shultz 416 US 21 (1974).
U
United States v Miller 435 US 435 442 (1976).
Judgements of the European Court of Justice
Joined Cases C – 92/09 and 93/09 Volker und Markus Schecke and Eifert [2010]
ECR I–0000.
The European Court of Human Rights
A
Asan Rushiti v Austria App no 28389/95 (ECtHR, 21 March 2000) para 31.
ASML Netherlands BV v Semiconductor Industry Services GmbH (SEMIS) App no
283/05 (ECtHR, 28 September 2006), para 26.
C
Coster v the United Kingdom App no 24876/94 (ECtHR, 28 January 2001), para 104.
Connors v the United Kingdom App no 66746/01 (ECtHR, 27 May 2004), para 82.