Type
Article
Title
Sentinels in the banking industry : private acteors and the fight against money laundering in France
In
British journal of criminology
Author(s)
FAVAREL-GARRIGUES Gilles - Centre de recherches internationales (Author)
GODEFROY Thierry - Centre de recherches sociologiques sur le droit et les institutions pénales (Author)
LASCOUMES Pierre - Centre de recherches politiques de Sciences Po (CEVIPOF) (Author)
Editor
GB : Oxford University Press
Volume
48
Number
1
Pages
1 - 19 p.
ISSN
00070955
Abstract
EN
Private actors in finance, especially in the banking industry, have played a leading role in the campaign, institutionalized during the 1990s, against money laundering. Assigned the duty of detecting dubious transactions in their establishments, they are supposed to inform Tracfin—a finance intelligence unit located in the French Ministry of Finance—of their suspicions. The latter decides whether to alert judicial authorities. A set of interviews conducted with the ‘compliance officers’ in banks who supervise the implementation of regulations against money laundering are analyzed in order to understand how persons whose normal duties are oriented toward commercial activities based on a high regard for privacy are being led to assume police duties and how they are performing in this new role.

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