Reassessing the Risk Based Anti-Money Laundering Strategy
Walter Kegö and Alexander Georgieff
The adoption of the risk-based money laundering detection system across Europe has given increased investigative responsibility to banks. For countries where banks are often collaborators in the money laundering schemes, the criminals are in effect investigating themselves. Governments in these countries must reassess their risk-based strategies, and with the help of the EU, increase the means of regulation to stem the flow of billions of illicit Euros.
Related Publications
-
ISDP Annual Report 2023
ISDP’s Annual Report for the year 2023. We look back on 2023, a year in which tensions and conflicts captured the strategic space in ISDP’s focus areas, making headlines around […]
-
A New Spring for Caspian Transit and Trade
Major recent shifts, starting with the Taliban victory in Afghanistan and Russia’s war in Ukraine have led to a resurgence of the Trans-Caspian transportation corridor. This corridor, envisioned in the […]
-
China in Eurasia: Revisiting BRI amidst the Russia-Ukraine Crisis
This paper discusses China’s trade and connectivity plans under the Belt and Road Initiative (BRI) in the Eurasian region and the impact of the Russian invasion of Ukraine on Chinese […]
-
EU-Thailand FTA Negotiations: IUU Fishing and Human Rights Remain Obstacles
Thailand’s fishing industry, which at its height saw as many as 200,000 migrant workers from neighboring Laos, Myanmar, and Cambodia caught in a brutal system of abuse, withered global criticism […]
-
European Economic Self-defense in the Face of Authoritarianism
Economic coercion by states has always been present in one form or the other, but the challenges have escalated to an unprecedented level in today’s globalized economy. Most notably, as […]