Banker as victim: an approach to money laundering prosecutions

摘要

Purpose – The purpose of this paper is to discuss a novel approach to money laundering prosecutions that focuses on the deception of bankers as opposed to the original provenance of the funds. Design/methodology/approach – Considers decided cases and the theoretical bases for “Know Your Customer” (KYC) and Customer Due Diligence (CDD). Findings – No examples were found of the approach outside of cases in the British Virgin Islands but firmly grounded in law. Practical implications – Provides an alternative basis for money laundering prosecutions. Originality/value – Prosecutors and investigators may find the approach useful and discussion on its use in other jurisdictions would be appreciated.