The new policing of assets and the new assets of policing: A tentative financial cost-benefit analysis of the UK's anti-money laundering and asset recovery regime

Hdl Handle:
http://hdl.handle.net/10149/58422
Title:
The new policing of assets and the new assets of policing: A tentative financial cost-benefit analysis of the UK's anti-money laundering and asset recovery regime
Authors:
Sproat, P. A. (Peter)
Affiliation:
University of Teesside. Fraud Management Studies Unit.
Citation:
Sproat, P. A. (2007) 'The new policing of assets and the new assets of policing: A tentative financial cost-benefit analysis of the UK's anti-money laundering and asset recovery regime', Journal of Money Laundering Control, 10 (3), pp.277-299.
Publisher:
Emerald
Journal:
Journal of Money Laundering Control
Issue Date:
2007
URI:
http://hdl.handle.net/10149/58422
DOI:
10.1108/13685200710763461
Abstract:
Purpose: Asset recovery and the incentivisation of law enforcement is a theme within both the official and critical discourses on anti-money laundering and asset recovery. This paper attempts to find out whether this so-called “new policing of assets” in the UK has produced new assets for policing. Design/methodology/approach: The aim is achieved by producing an estimate for the costs to private companies and public authorities as well as an estimate of the financial benefits, both of which challenge the costs and benefits stated in previous work on the issue. Findings: In doing this work it points out the difficulty of producing such costings and questions whether the regime justifies the compliance costs imposed. Originality/value: The paper contributes to the debate about improving the quality of cost-benefit analyses of the money laundering regime.
Type:
Article
Keywords:
law enforcement; money laundering; UK; asset recovery
ISSN:
1368-5201
Rights:
Author can archive post-print (ie final draft post-refereeing). For full details see http://www.sherpa.ac.uk/romeo/ [Accessed 26/01/2010]
Citation Count:
0 [Web of Science and Scopus, 18/01/2010]

Full metadata record

DC FieldValue Language
dc.contributor.authorSproat, P. A. (Peter)-
dc.date.accessioned2009-04-01T10:51:41Z-
dc.date.available2009-04-01T10:51:41Z-
dc.date.issued2007-
dc.identifier.citationJournal of Money Laundering Control; 10 (3): 277-299-
dc.identifier.issn1368-5201-
dc.identifier.doi10.1108/13685200710763461-
dc.identifier.urihttp://hdl.handle.net/10149/58422-
dc.description.abstractPurpose: Asset recovery and the incentivisation of law enforcement is a theme within both the official and critical discourses on anti-money laundering and asset recovery. This paper attempts to find out whether this so-called “new policing of assets” in the UK has produced new assets for policing. Design/methodology/approach: The aim is achieved by producing an estimate for the costs to private companies and public authorities as well as an estimate of the financial benefits, both of which challenge the costs and benefits stated in previous work on the issue. Findings: In doing this work it points out the difficulty of producing such costings and questions whether the regime justifies the compliance costs imposed. Originality/value: The paper contributes to the debate about improving the quality of cost-benefit analyses of the money laundering regime.-
dc.publisherEmerald-
dc.rightsAuthor can archive post-print (ie final draft post-refereeing). For full details see http://www.sherpa.ac.uk/romeo/ [Accessed 26/01/2010]-
dc.subjectlaw enforcement-
dc.subjectmoney laundering-
dc.subjectUK-
dc.subjectasset recovery-
dc.titleThe new policing of assets and the new assets of policing: A tentative financial cost-benefit analysis of the UK's anti-money laundering and asset recovery regime-
dc.typeArticle-
dc.contributor.departmentUniversity of Teesside. Fraud Management Studies Unit.-
dc.identifier.journalJournal of Money Laundering Control-
ref.assessmentRAE 2008-
ref.citationcount0 [Web of Science and Scopus, 18/01/2010]-
or.citation.harvardSproat, P. A. (2007) 'The new policing of assets and the new assets of policing: A tentative financial cost-benefit analysis of the UK's anti-money laundering and asset recovery regime', Journal of Money Laundering Control, 10 (3), pp.277-299.-
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