The authors describe changes to money laundering activities and anti-money laundering policies in Europe. The first part explores the geography of organised criminal activity, the ways in which illegal proceeds are generated, the methods of laundering them and the international / interregional legal framework that has developed to combat money laundering. Individual country profiles examine the interaction of criminal activity and policy in the fifteen EU countries, as well as the countries of Eastern Europe as they move closer to the EU. The final chapters survey and summarize trends in criminal activity and the institutional arrangements to combat them, identifying the main policy challenges for the EU.