Embedded extraterritoriality: US judicial litigation and the global banking surveillance of digital money flows
Following the 9/11 terrorist attacks, North American/European governments have emphasized the importance of money and financial datamining in combating terrorism and nuclear proliferation. The ‘digitalization’ of money flows is part of this campaign. Adopting new software packages for financial data...
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| Հիմնական հեղինակներ: | , |
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| Ձևաչափ: | Online |
| Լեզու: | անգլերեն |
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Edward Elgar Publishing
2023
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| Խորագրեր: | |
| Առցանց հասանելիություն: | https://directory.doabooks.org/handle/20.500.12854/98630 |
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| _version_ | 1869521306502823936 |
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| author | Mallard, Grégoire Hanson, Anna |
| author_browse | Hanson, Anna Mallard, Grégoire |
| author_facet | Mallard, Grégoire Hanson, Anna |
| author_sort | Mallard, Grégoire |
| collection | Directory of Open Access Books |
| description | Following the 9/11 terrorist attacks, North American/European governments have emphasized the importance of money and financial datamining in combating terrorism and nuclear proliferation. The ‘digitalization’ of money flows is part of this campaign. Adopting new software packages for financial data management is supposed to help global banks and states counter money laundering and terrorism financing. This chapter shows how such technologies have embedded the practices of compliance officers in global banks not only in a new transnational set of rules but also in US domestic legal requirements. Deferred prosecution agreements signed by many European headquartered global banks and US judicial authorities in the 2010s remained remarkably similar. This chapter also surveys how banks reacted to the obligations to install US government-approved monitoring software developed overwhelmingly by US-based vendors. It examines the question of ‘extra-territoriality’ from the socio-technical viewpoint rather than by a purely textual legal analysis. |
| format | Online |
| id | doab-20.500.12854ir-98630 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | Edward Elgar Publishing |
| publisherStr | Edward Elgar Publishing |
| record_format | ojs |
| spelling | doab-20.500.12854ir-986302023-03-21T16:43:28Z Embedded extraterritoriality: US judicial litigation and the global banking surveillance of digital money flows Mallard, Grégoire Hanson, Anna International sanctions extraterritoriality extraterritorial sanctions unilateral sanctions restrictive measures countermeasures unilateral coercive measures LBBM LBBR JPS GBC Following the 9/11 terrorist attacks, North American/European governments have emphasized the importance of money and financial datamining in combating terrorism and nuclear proliferation. The ‘digitalization’ of money flows is part of this campaign. Adopting new software packages for financial data management is supposed to help global banks and states counter money laundering and terrorism financing. This chapter shows how such technologies have embedded the practices of compliance officers in global banks not only in a new transnational set of rules but also in US domestic legal requirements. Deferred prosecution agreements signed by many European headquartered global banks and US judicial authorities in the 2010s remained remarkably similar. This chapter also surveys how banks reacted to the obligations to install US government-approved monitoring software developed overwhelmingly by US-based vendors. It examines the question of ‘extra-territoriality’ from the socio-technical viewpoint rather than by a purely textual legal analysis. Published 2023-03-21T16:43:26Z 2023-03-21T16:43:26Z 2021-08-20 chapter 9781839107849 https://directory.doabooks.org/handle/20.500.12854/98630 eng Research Handbooks in International Law series image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://www.e-elgar.com/shop/gbp/research-handbook-on-unilateral-and-extraterritorial-sanctions-9781839107849.html https://www.elgaronline.com/display/edcoll/9781839107849/9781839107849.00025.xml Edward Elgar Publishing Edward Elgar Publishing https://doi.org/10.4337/9781839107856.00025 https://doi.org/10.4337/9781839107856.00025 01ceac28-75b4-492a-8eec-f9b98bc6b28c 9781839107849 Edward Elgar Publishing 17 Cheltenham open access |
| spellingShingle | International sanctions extraterritoriality extraterritorial sanctions unilateral sanctions restrictive measures countermeasures unilateral coercive measures LBBM LBBR JPS GBC Mallard, Grégoire Hanson, Anna Embedded extraterritoriality: US judicial litigation and the global banking surveillance of digital money flows |
| title | Embedded extraterritoriality: US judicial litigation and the global banking surveillance of digital money flows |
| title_full | Embedded extraterritoriality: US judicial litigation and the global banking surveillance of digital money flows |
| title_fullStr | Embedded extraterritoriality: US judicial litigation and the global banking surveillance of digital money flows |
| title_full_unstemmed | Embedded extraterritoriality: US judicial litigation and the global banking surveillance of digital money flows |
| title_short | Embedded extraterritoriality: US judicial litigation and the global banking surveillance of digital money flows |
| title_sort | embedded extraterritoriality us judicial litigation and the global banking surveillance of digital money flows |
| topic | International sanctions extraterritoriality extraterritorial sanctions unilateral sanctions restrictive measures countermeasures unilateral coercive measures LBBM LBBR JPS GBC |
| topic_facet | International sanctions extraterritoriality extraterritorial sanctions unilateral sanctions restrictive measures countermeasures unilateral coercive measures LBBM LBBR JPS GBC |
| url | https://directory.doabooks.org/handle/20.500.12854/98630 |
| work_keys_str_mv | AT mallardgregoire embeddedextraterritorialityusjudiciallitigationandtheglobalbankingsurveillanceofdigitalmoneyflows AT hansonanna embeddedextraterritorialityusjudiciallitigationandtheglobalbankingsurveillanceofdigitalmoneyflows |