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Banker as victim: an approach to money laundering prosecutions

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  • Terrence F. Williams

Abstract

Purpose - The purpose of this paper is to discuss a novel approach to money laundering prosecutions that focuses on the deception of bankers as opposed to the original provenance of the funds. Design/methodology/approach - Considers decided cases and the theoretical bases for “Know Your Customer” (KYC) and Customer Due Diligence (CDD). Findings - No examples were found of the approach outside of cases in the British Virgin Islands but firmly grounded in law. Practical implications - Provides an alternative basis for money laundering prosecutions. Originality/value - Prosecutors and investigators may find the approach useful and discussion on its use in other jurisdictions would be appreciated.

Suggested Citation

  • Terrence F. Williams, 2009. "Banker as victim: an approach to money laundering prosecutions," Journal of Money Laundering Control, Emerald Group Publishing Limited, vol. 12(1), pages 50-58, January.
    • Handle: RePEc:eme:jmlcpp:13685200910922642
    DOI: 10.1108/13685200910922642
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