This subject will examine the money laundering process and common typologies and will provide a critical appreciation of international initiatives, including recent measures to combat the financing of terrorism. It will cover Commonwealth and State laws and the requirements for reporting of financial transactions and include an analysis of comparative anti-money laundering regimes and the more problematic policy issues surrounding confiscation legislation. Consideration will also be given to the relationship between the development of anti-money laundering initiatives and the impact of globalisation including: the use by criminals of the means that have allowed for increased trade; the emergence of economically powerful non-state actors; cross border crime and corruption; and counter measures in developing economies.