Gift Guide

Chasing Dirty Money: The Fight Against Money Laundering / Edition 1

Paperback (Print)
Used and New from Other Sellers
Used and New from Other Sellers
from $24.77
Usually ships in 1-2 business days
Other sellers (Paperback)
  • All (4) from $24.77   
  • New (3) from $24.77   
  • Used (1) from $50.02   


There is currently no empirical base to assess the effectiveness of the current anti-money laundering regime in terms of suppressing money laundering, a new study, Chasing Dirty Money: The Fight Against Money Laundering, from the Institute for International Economics finds.

This study by Peter Reuter and Edwin M. Truman addresses an extremely important element of the international financial system: money laundering. Money laundering is a quintessential global issue that combines many of our previous themes. But combating it requires a cooperative, global, and special anti-money laundering (AML) regime, and this study provides the first comprehensive effort to assess the effectiveness of the existing regime.

The authors first describe the activity of money laundering. They then provide an overview of the global AML regime as it has evolved over the past 15 years. Finally, they assess the regime's effectiveness in addressing three underlying goals: reducing crime, protecting the integrity of the core financial system, and controlling three types of global "public bads"-terrorism, corruption, and failed states. They find evidence the regime has helped increase the integrity of the banking system in the United States and many major financial centers. However, there is an absence of systematic evidence that it has made money laundering more than marginally more difficult for those who need to clean dirty money or finance terrorism.

The study concludes with recommendations for improvements in the US and global AML regime during its next phase, which will probably be one of consolidation following its rapid expansion to date. They stress the need for increased international cooperation on tax evasion, not covered by the current US AML regime, to solidify support for the international AML regime. They emphasize the role for greater financial as well as technical assistance for poorer countries to tighten the global fight against money laundering and terrorism financing. They recommend that the United States volunteer for an IMF/World Bank assessment of its own financial system, including regulations affecting money laundering and terrorism, because of the central global role of the United States. They also recommend the revival of the National Money Laundering Strategy, which the United States previously submitted to the Congress and published regularly, but with changes from those produced from 1999 to 2003. They conclude with a systematic research agenda to identify the costs of the AML regime and improve its efficiency going forward.

Read More Show Less

Editorial Reviews

Foreign Affairs
Successful criminal activities produce lots of cash, which must be "laundered" to be useful and to obscure its illegal origins. Like many other activities, money laundering has become increasingly international, which has spurred attempts at coordinated responses by financial and law enforcement authorities. This book reviews and examines, in greater detail than some readers will want, the variegated nature of money laundering and the response of national governments, serving as a useful source of analysis and information from diverse sources. As with most shady illegal activities, limited information is available. The authors present much material, and discuss the difficulties of evaluating quantitatively or even qualitatively the various measures that have been adopted in the absence of hard and systematic evidence of their impacts. But what is clear is that following the money across national boundaries has pushed authorities to much closer transnational cooperation.
Read More Show Less

Product Details

  • ISBN-13: 9780881323702
  • Publisher: Peterson Institute for International Economics
  • Publication date: 9/28/2004
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 218
  • Sales rank: 862,300
  • Product dimensions: 6.08 (w) x 8.98 (h) x 0.21 (d)

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously
Sort by: Showing all of 2 Customer Reviews
  • Anonymous

    Posted February 25, 2009

    No text was provided for this review.

  • Anonymous

    Posted February 8, 2011

    No text was provided for this review.

Sort by: Showing all of 2 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)