Brief Paper 2/1998: La Lutte Anti-blanchment: Notes de lecture sur le project de loi français

Abstract:

The strangest thing about this draft is that it defines an incrimination for aiding and abetting without defining the offence of money laundering itself. Italy considers the fight against money laundering to be an integral part of the fight against organised crime, in this case of the mafia type (omertà, intimidation, physical violence, etc.). Its effectiveness is mainly undermined by corruption, and the place of the fight against the mafia does not sufficiently highlight the specific nature of money laundering. The tax weapon should not be forgotten. It brought Capone down. It will still be necessary to ensure that the determination to pursue the ordinary citizen in France, sometimes arbitrarily, is transformed with equal efficiency against organised crime. Finally, the participation of banks in the process of defining new rules seems indispensable. La lutte anti-blanchment: notes de lecture sur le project de loi français served as a basis for the lecture “Mundialização, Drogas e Sistema Financeiro” (Globalisation, Drugs and the Financial System) given by Prof. Alain Wallon on 17 March as part of the Master’s in International Development and Cooperation, at the invitation of Prof. René Tapia Ormázabal, in the subject of Financial Systems and Development Finance.

Quotation:

Wallon, Alain. 1998. “La lutte anti-blanchment: notes de lecture sur le project de loi français”. Instituto Superior de Economia e Gestão – CEsA Brief papers nº 2-1998.