Legal globalization
Subtitle: money laundering law and other cases
By: Heba Shams.
Contributors: British Institute of International and Comparative Law.; Dedman School of Law.; Queen Mary and Westfield College (University of London). International Financial Law Unit.; London Centre for Financial Studies and the Rule of Law.
Series: International financial law series; Sir Joseph Gold memorial series ;; v. 5
Publisher: British Institute of International and Comparative Law
Published: 2004
Place of publication: London
Language: eng
Number of pages: 249
Subjects: Money laundering.; Money -- Law and legislation -- Criminal provisions.; Globalization.; Law -- International unification.; International and municipal law.
Description: "Over the past three decades, globalization has been gathering momentum. As a process of social change, globalization has been propelled by rapid technological innovation which rendered massive instantaneous communication possible as well as extensive processes of de-regulation and liberalization. The combined effect of these developments was the emergence of non-State actors which operate across national borders and master substantial economic and informational power. Meanwhile, the State, as the primary agency of governance, has remained jurisdictionally territorial while becoming less dominantly powerful. Both features have resulted in a 'governance crisis' and have turned globalization into a 'legal problematic'. In response, legal governance adopted six different modalities: de-globalization through regulation, extraterritoriality, legal harmonization, legal cooperation, privatization of law-making and law enforcement and supranational legal regimes. Each of these modalities presents a certain deviation from traditional legal principles. Resolving the tension between change and continuity is a two-way process which involves revising both the legal response to globalization and the traditional principles that it challenges." "Money laundering law offers a fertile case study of these new developments in the legal order. It is a case which demonstrates emphatically the legal problematic, the modalities of the solution and the challenges they pose. Other cases drawn from UN law, environmental law, securities regulation and internet law will also show that money laundering law is not an isolated incident."--BOOK JACKET.
Notes: Includes bibliographical references.
At head of title: Dedman School of Law, Southern Methodist University; International Financial Law Unit, Centre for Commercial Law Studies; London Centre for Financial Studies and the Rule of Law.
"In cooperation with Centre for Commercial Law Studies, University of London (IFL Unit) ... [et. al]."