Abstract
The 1988 Vienna Drug Convention was the turning point for international anti-money laundering policies. Before its adoption only Australia, the United States and a few other countries had adopted domestic anti-money laundering policies. Since the Vienna Convention, many countries have adopted either a partial or a complete set of criminal and regulatory policies against the laundering of the proceeds of crime. This process was strengthened in 1989 by the G7 Group of industrialised countries, which established the Task Force on Money Laundering. This provides the international community with a set of recommendations to address the problem.
This chapter is part of the research activity of the author supported under grant number 92-IJ-CX-0005 awarded by the National Institute of Justice, US Department ofJustice, Washington, DC. Points of view in this document are those of the author and do not necessarily represent the official position of the US Department of Justice.
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References
Financial Action Task Force on Money Laundering (1990) Report Paris, 7 February.
Financial Action Task Force on Money Laundering (1994) Annual Report 1993–1994 16 June 1994.
President’s Commission on Organized Crime (1986) The Cash Connection ( Washington, DC: US Government Printing Office).
Savona, E. U. and M. DeFeo (1994) Money Trails: International Money Laundering Trends and Prevention/Control Policies, report prepared for the International Conference on Preventing and Controlling Money laundering and the proceeds of Crime: A Global Approach, Courmayeur, Italy, June 1994.
Savona, E. U. (1993) ‘Mafia Money Laundering versus Italian Legislation’, European Journal on Criminal Policy and Research, vol. 1 (3), pp. 35–6.
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US Department of State (1994) International Narcotics Strategy Report, April, Washington, DC.
US Dept of Treasury and US Customs Service(1991) Typology of Money Laundering, Non Traditional Financial Institutions document presented at the Financial Action Task Force II 14–19 March, Paris.
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© 1996 Nicholas Dorn, Jørgen Jepsen and Ernesto Savona
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Savona, E. (1996). Money Laundering, the Developed Countries and Drug Control: the New Agenda. In: Dorn, N., Jepsen, J., Savona, E. (eds) European Drug Policies and Enforcement. Confederation of European Economic Associations Conference Volumes. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24619-9_13
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DOI: https://doi.org/10.1007/978-1-349-24619-9_13
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