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dc.contributor.authorSharman, JC
dc.contributor.authorChaikin, David
dc.date.accessioned2017-05-03T15:21:06Z
dc.date.available2017-05-03T15:21:06Z
dc.date.issued2009
dc.date.modified2010-06-23T05:23:18Z
dc.identifier.issn0952-1895
dc.identifier.doi10.1111/j.1468-0491.2008.01420.x
dc.identifier.urihttp://hdl.handle.net/10072/28590
dc.description.abstractSystems of laws, regulations, and institutions developed to counter money laundering provide powerful tools for fighting corruption. Currently, however, the potential benefits anti-money-laundering (AML) systems can provide in fighting corruption go largely unrealized, especially in developing countries. This mismatch poses a puzzle: Why are developing countries failing to best capitalize on their expensive AML systems by using them to fight corruption? The article is built on three core claims. The first claim is that it is logical to use AML systems for anti-corruption purposes because of a pronounced overlap in the standards required for each and the rising costs of the former. The second section demonstrates specifically how AML systems could significantly augment anti-corruption efforts, focusing on the importance of financial intelligence, asset confiscation, and international cooperation. Finally, although powerful outsiders have successfully diffused AML systems among developing countries, a lack of "ownership" in the latter explains why these systems are often established only as tokens to enhance international legitimacy and reputations.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherWiley-Blackwell Publishing
dc.publisher.placeUnited States
dc.publisher.urihttps://onlinelibrary.wiley.com/doi/10.1111/j.1468-0491.2008.01420.x
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom27
dc.relation.ispartofpageto45
dc.relation.ispartofissue1
dc.relation.ispartofjournalGovernance
dc.relation.ispartofvolume22
dc.rights.retentionY
dc.subject.fieldofresearchPolicy and administration
dc.subject.fieldofresearchPolitical science
dc.subject.fieldofresearchComparative government and politics
dc.subject.fieldofresearchOther law and legal studies
dc.subject.fieldofresearchcode4407
dc.subject.fieldofresearchcode4408
dc.subject.fieldofresearchcode440803
dc.subject.fieldofresearchcode4899
dc.titleCorruption and Anti-Money Laundering Systems: Putting a Luxury Good to Work
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, School of Government and International Relations
gro.date.issued2009
gro.hasfulltextNo Full Text
gro.griffith.authorSharman, Jason C.


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