The Economic and Legal Effectiveness of the European Union’s Anti-Money Laundering Policy

The Economic and Legal Effectiveness of the European Union’s Anti-Money Laundering Policy

Brigitte Unger, Joras Ferwerda, Melissa van den Broek and Ioana Deleanu

Official government policies against money laundering in the EU have been in place for roughly 25 years, after much concerted effort and a great deal of time and money invested. This volume examines the anti-money laundering policy of the EU Member States in connection to the threat of money laundering they face.

Chapter 5: Supervisory architectures in the preventive AML policy

Melissa van den Broek

Subjects: economics and finance, economic crime and corruption, financial economics and regulation, money and banking, law - academic, corruption and economic crime, european law, finance and banking law

Abstract

EU Member States have designed the supervision and enforcement under the preventive anti-money laundering policy in very different ways. This chapter takes a systematic approach to the differences and presents four models of supervisory architectures under the preventive anti-money laundering policy. This chapters explains the characteristics of these models, categorizes the Member States and analyses the potential strengths and weaknesses of each model.

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