Examines the causes of the financial crisis that began in 2008 and reveals the weaknesses found in financial regulation, excessive borrowing, and breaches in accountability.

Originally developed to reduce drug trafficking, efforts to combat money foundering have broadened over the years to address other crimes and, most recently, terrorism. In this study, the authors look at the scale and characteristics of money laundering, describe and assess the current anti-money laundering regime, and make proposals for its improvement. -- From back cover.