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

MAP20210034862

Anti-money laundering in the EU : time to get serious / Karel Lannoo, Richard Parlour. — Bruselas : Centre for European Policy Studies, 2021

57 p.

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 laundering

1. Economía . 2. Delitos financieros . 3. Blanqueo de capitales . 4. Lucha contra el fraude . 5. Entidades financieras . 6. Fraude . 7. Unión Europea . I. Parlour, Richard . II. Centre for European Policy Studies . III. Título.