From the AEGIS e-Journal, Volume 3 Number 12, December 2000
Money Laundering, A New International Law Enforcement Model Guy Stessens Cambridge University Press ISBN 0 521 78104 3 (hb) $80.00. This is a wonderful book: It should become part of the permanent reference library for all regulators, bankers, international finance professionals, and for attorneys in process for the prosecution or defense of a money laundering case. This book is a translation of Mr. Stessens’ Ph.D. thesis at the University of Antwerp, and has all of the history and detail to support his research, presentation and conclusions. Mr. Stessens traces back to 1874 the first piece of anti “money laundering legislation” in an extradition treaty between Belgium and Switzerland, and rolls forward from there. Mr. Stessens also explores how these criminal statutes will be used in the future for civil actions and has anticipated the though process of many legal minds struggling with those very same problems today. The book is divided into four parts: • New instruments in the fight against acquisitive crime: confiscation of proceeds from crime and criminalization of money laundering • The Prevention of Money Laundering • Jurisdiction over money laundering • International co-operation in combating money laundering. This book is not for the faint hearted. It is a robust piece of work and should purchased and treated as such. The Guide to Background Investigations – 9th Edition Book and CD ROM TISI, Inc. 1(800) 247-8713 or at www.usetheguide.com The Guide is a resource publication with listings of sources of information for background checks or, for that matter, most any non-standard research that will involve contacting governmental agencies or educational institutions. This reviewer has some familiarity with the assembly and compilation of these books, having done one in 1997. It is a lot of work, and the sources of information (the governmental agencies) are not always too most co-operative, or sometime you reach — how do we say this —the dimmest bulb in the chandelier as you try to compile correct information and points of contact. ÆGIS, December 2000 10 Once again TISI’s Guide to Background Investigations, 9th Edition, is an accurate, thorough, useful, and CORRECT bundle of information. The Guide, at 2000+ pages, is a work to behold. As always, the real test is the use of the book. Previous editions of this book are always dirty, written on, and no more than an arms reach from the user’s desk. We believe this version will be equally well used. This book should be used by HR persons, skip tracers, due diligence professionals, competitive intelligence personnel, and anyone selling anything to a government office, college, or university. Book vs. CD ROM: Both are great. We prefer the book, but use the CD when on the road (a big plus). If you never leave the office and have room, then use the book. If you have limited room, like computer accessible data, or would require any information at all from the road, then buy the CD. 7. Free-Subscription/Unsubscription/Copyright Information •• ÆGIS e-journal is supported and maintained by voluntary efforts. This publication is owned, published, and copyright © 2000 by The LUBRINCO Group Ltd, Inc. and Financial Examinations and Evaluations, Inc. It is edited jointly by Richard Isaacs (RBIsaacs@lubrinco.com) and L. Burke Files (LBFiles@lubrinco.com). The LUBRINCO Group provides services in three high-threat areas, too specialized to be dealt-with in-house, that can adversely affect domestic and international bottom lines. • Protection of trade secrets and intellectual assets. o Anti-economic espionage. o OPSEC: The identification and protection of information that would give your competitors and adversaries an advantage. • International financial investigations and due diligence consulting. o Location and recovery of missing and hidden assets. o Establishing business relationships and strategic partnerships in Central and Eastern Europe, the offshore financial centers, Beijing and Shanghai, Central Asia, and Latin America and the Caribbean. o Anti-money laundering and financial fraud requirements under the International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001 and the EU Revised Money Laundering Directive of 2001. ÆGIS, December 2000 11 • Protection of management, staff, and families. o In the high-threat environments of Latin America, Africa, the Mid- East, and Southeast Asia. o When traveling and living overseas. o When transporting items of substantial value. LUBRINCO identifies and quantifies threats and vulnerabilities, and their associated risk, then manages the vulnerabilities so you can transfer or live with the residual risk. We prevent disastrous financial loss to your company, and physical harm to you, your family, and your staff. For information on The LUBRINCO Group and its services, or for the archive of all past issues of ÆGIS e-journal in PDF format, please go to http://www.lubrinco.com/. To sign up for a complimentary subscription to ÆGIS e-journal or the ÆGIS e- journal PDF notification list, go to http://lb.bcentral.com/ex/manage/subscriberprefs?customerid=7768 or send an email to ejournal@lubrinco.com. To subscribe to our AvantGo channel, go to http://avantgo.com/channels/_add_channel.pl?cha_id=1773 To be removed from the subscription list, follow the instructions on the mailing you received, or send an e-mail to ejournal@lubrinco.com. If you know of anyone else who should be receiving ÆGIS e-journal, please send their e-mail address to ejournal@lubrinco.com. If there is a topic that you would like to know more about, send it to ejournal@lubrinco.com and the editors will consider it as the topic for an article in an upcoming issue. If you would like to submit an article for publication in ÆGIS e-journal, send it as an attachment to an e-mail to ejournal@lubrinco.com. Submission of an article certifies that (a) all information in the article is in the public record, or (b) that you are authorized to release any personal or corporate proprietary information contained in the article, and (c) that none of the article has previously been copyrighted. The submission of materials for publication in ÆGIS e-journal constitutes a license to The LUBRINCO Group Ltd, Inc., and/or Financial Examinations and Evaluations, Inc, their assigns, associates, or affiliates, to abridge and/or edit said submission, and to copyright and publish/republish any submitted materials in whatever written and/or electronic form they may choose. ÆGIS, December 2000 12 If you would like to go beyond normal fair-use in reproducing articles from this issue of ÆGIS e-journal, you may do so freely as long as appropriate source, copyright, accreditation, and link to the LUBRINCO website is included. This should be in the form
Article Title, from the December 2000 ÆGIS e-journal (© 2000 LUBRINCO & FEE), to be found at http://www.lubrinco.com/. ÆGIS e-journal is a forum for the exchange of information, ideas, operating styles, theories, and related topics for corporate managers who make decisions about threats typically outside the expertise available in-house, yet which have the potential to affect their company’s domestic and international bottom lines. Nothing appearing in ÆGIS e-journal should be construed as legal advice. The information provided is “general information,” not “specific advice.” The solution to any problem is highly dependent upon the precise facts involved. Thus, before making any reliance upon anything said here, you should consult with an appropriately skilled professional. Opinions expressed by contributors are not necessarily endorsed by the publisher, and may be presented to encourage a dialogue among subscribers. The publisher and any re-publisher cannot be held responsible for any loss incurred as a result of the application of any information published in ÆGIS e-journal. Please be safe, and be smart.