Centro de Documentacion de Fundación MAPFRE - Anti-money laundering in the EU : time to get serious

Publication: Bruselas : Centre for European Policy Studies, 2021Physical description: 57 p.Notes: Sumario: Between 2 and 5% of global GDP is thought to be laundered every year, whereas only 1.1% is recovered. Anti-money laundering encompasses combating tax avoidance, the financing of terrorism, human (and human organ) trafficking, state-sponsored and corporate bribery, and the proceeds from drug-trafficking and other illegal activities. Banks and other 'obliged entities' complete thousands of suspicious transactions reports on a daily basis yet only a handful are followed up on by financial intelligence units (FIUs). This could be due to lack of capability, capacity or even political direction. Meanwhile, the breadth and means to launder money have also increased, facilitated by technological progress. Unfortunately, the current anti-money laundering regulations have brought little success. This report sets out key recommendations for a new approach to the fight against money launderingMateria / lugar / evento: Economía Delitos financieros Blanqueo de capitales Lucha contra el fraude Entidades financieras Fraude Unión Europea Otros autores: Parlour, Richard
Centre for European Policy Studies
Other categories: 913.1