Money Laundering

The planetary anti-money wash court as a legal and institutional imperative Norman Mugarura Global Action look into and Development Initiative, Barking, UK Abstract goal The written report aims to argue the feel for the introduction of a global anti-money laundering (AML) court. The proposed court as an institution skunk engender a rule-based ethos as thoroughly as an environment for the transposition of AML regimes and needful global changes into the society. designing/methodology/approach The paper was write by exploiting the importation of the court system to the development of both society. In particular, the paper draws on a pivotal mathematical puzzle by played by the European Court of Justice in enhancing scotch integration of European member countries. Another object lesson utilised by this paper was the dispute settlement machine (DSM) in the WTO. The DSM evolved an effective framework for settling international raft disputes and fundament ally helped to contour the system. This paper is of the contention that the court would relieve the adoption of global AML regimes and so ease the co-existence of countries in coition to global AML initiatives. Findings The paper has represented that any global initiatives either on money laundering (ML) or otherwise leave alone have to reside in a form of institutional framework for them to work effectively. Short of that, it is attainable that there will be enormous challenges for global AML regimes to function properly as envisaged. Research limitations/implications The author is cognizant of the fact that states ar up to now mandated to veto his prepositions based on the principle of sovereignty of nations. States cigarette also refuse to lend their support in its variant dimensions to the proposed court. matter-of-fact implications It has to be noted that creating global AML regimes that are not sack to work is not good enough and in case it amount s to a wastage of scarce resources that woul! d better be utilised...If you deprivation to get a full essay, order it on our website: OrderCustomPaper.com

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