Chapter 11: Effectiveness: threat and corresponding policy response
AbstractThis chapter explores to what extent the policy response towards money laundering is effective in relation to the money laundering threat the EU Member States face. It is argued that AML policy response can be captured by several indicators: FATF compliance, legal effectiveness, timeliness of implementation, FIU response, international cooperation, information flows and the number of convictions for money laundering. The exploratory analysis is based on a set of figures which have a policy response indicator on the horizontal axis and the threat measure on the vertical axis. The chapter considers the diagonal area in these figures to mark an appropriate policy response - i.e. a policy response that is more or less proportional to the AML threat a country is facing. The chapter shows that most Member States have proportional AML policy responses. Nevertheless, all of them can improve on at least one aspect of their policy response with the positive exception of Denmark, that has, in the analysis of the chapter, relatively low levels of threat and relatively high policy response scores.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.