Fine or not? - the use of penalties

Punish according to the seriousness of the offence - a graduation that fits with commonsense notions of justice and should, if the penalties are set on a high enough scale, act as a deterrent: but does the evidence of anti-money laundering enforcement support the theory? Keith Nuthall reviews the magnitude and impact of fines internationally and whether they are any more than just a cost of doing business.

Punish according to the seriousness of the offence - a graduation that fits with commonsense notions of justice and should, if the penalties are set on a high enough scale, act as a deterrent: but does the evidence of anti-money laundering enforcement support the theory? Keith Nuthall reviews the magnitude and impact of fines internationally and whether they are any more than just a cost of doing business.