Research Case Study: Dirty Money
Professor Bill Gilmore published the first edition of his book Dirty Money in 1995. By 2011, his book had reached its fourth edition and Gilmore’s research into anti-money laundering and the countering of the financing of terrorism which started with Dirty Money had influenced the policies of the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL).
After the first edition of Dirty Money was published, Gilmore became the sole scientific (legal) expert to MONEYVAL. In this and related appointments, Gilmore has been able to use his research findings in the international standard-setting process directly. Gilmore’s key message - the importance of effective enforcement - has helped change the focus of dealing with money laundering from criminalisation to confiscation.
Gilmore has worked with the Financial Action Task Force (FATF), the global standard-setting body on money laundering, to develop its remit and increase international cooperation.