The Economic and Legal Effectiveness of the European Union’s Anti-Money Laundering Policy
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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.
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Chapter 9: International cooperation

Ioana Deleanu and Melissa van den Broek

Abstract

First this chapter looks at how international cooperation takes place, within the AML framework. The chapter tests the hypothesis that in the EU, cooperation in AML matters takes place only between homologue institutions. The chapter then examines the various international cooperation channels available for cooperation within the EU and outside the EU. Since there are more international cooperation channels available to European counterparts with the aim of strengthening European cooperation, the chapter hypothesises that, for international FIU cooperation, cooperation between EU FIUs is easier than cooperation between EU and non-EU FIUs. The criterion the chapter uses for testing this hypothesis is the speed of information exchange. Finally, the chapter tests the hypothesis that international cooperation among the FIUs takes place mostly among neighbouring countries.

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