International Money Laundering: The Need for ICC Investigative and Adjudicative Jurisdiction

24 Pages Posted: 8 Feb 2013 Last revised: 16 Feb 2013

Date Written: February 7, 2013

Abstract

Money laundering is one of the most pressing issues in the realm of international financial crimes. One of the biggest issues involved in international money laundering is the problem of adjudication. There is no international organization that currently hears these sorts of claims, forcing nations to adjudicate these crimes on their own, often without adequate resources to effectively investigate and enforce their money laundering statutes.

This article argues that, in order to more effectively prevent and adjudicate international money laundering offenses, the International Criminal Court should adopt an international money laundering statute designating these activities as a crime within the international system. It also proposes that the International Criminal Court should take jurisdiction over adjudicating these.

This paper also identifies the most effective aspects of domestic money laundering statutes from around the world. It identifies both the criminal and regulatory aspects that have proven effective and should be included in an international statute. In addition, it proposes several venues for adjudicating these offenses, and ultimately argues that the International Criminal Court is the most competent and appropriate organization for investigating and trying these offenses.

Keywords: International, money, laundering, financial, crimes, criminal, ICC, International Criminal Court, statute, survey, jurisdiction, foreign

Suggested Citation

Anderson, Michael, International Money Laundering: The Need for ICC Investigative and Adjudicative Jurisdiction (February 7, 2013). Virginia Journal of International Law, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2213370 or http://dx.doi.org/10.2139/ssrn.2213370

Michael Anderson (Contact Author)

University of Mississippi ( email )

Oxford, MS 38677
United States

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