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Introduction

For more than 20 years, the phenomena of transnational money laundering and financial crime had been growing and are becoming one of the major concerns of different public or government agencies as well as private organizations. During the 1970s and 1980s the awareness of the public regarding organized crime into the legal economy had increased, thus it resulted to the pressure and concerns of many to establish and coordinate global actions that will help to combat money laundering. As a result, in the late 1980s, 代写英国经济类论文the first international actions were taken in response to some illicit drug trafficking business, which produce revenue of billions of Euros in illegal funds. In 1990, the first vital step of the European region was adopted in order to combat laundering; this has been done by setting up the Financial Action Task Force on Money Laundering (FAIF) (Hemetsberger 2006). Since then, the regulations and legislation of the region were change from time to time in order to ensure that its law will cater to the different developments and improvements done in the activities by money launderer.

 Currently, the world is having problems in security and safety which cause terror, which affect local and international economies. With this, the best way to prevent these problems and risks is to cut off the flow of some illegal profits from the different criminal entities. It is important to consider that money laundering is not just connected to drug trafficking activities but also connected to those activities that are related to for-profit criminality such as tax evasion, capital flight from one country to another, securities law violations, government covert operations and the process of smuggling of contraband (Liddick 2004). Therefore, working with the money laundering cases and issues is not an easy task.
Background
Money Laundering
Anti-Money Laundering in the UK
Actions and Procedures to be implemented
Customer Due Diligence and Record-Keeping
Tipping, Reporting and Joining-Up with Law Enforcement
Dilemmas in Reporting and Disclosure
References

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