The supervisory approach to anti-money laundering: an analysis of the Joint Working Group’s reflection paper
On August 31 2018, a Joint Working Group consisting of representatives of the European Central Bank, the European Commission and the European Supervisory Agencies published a document entitled ‘Reflection paper on possible elements of a Roadmap for seamless cooperation between Anti Money Laundering and Prudential Supervisors in the European Union’. The reflection paper straightforwardly calls for additional resources to be made available to the European Banking Authority to counter money laundering. Suggestions for better cooperation and information sharing among anti-money laundering and prudential supervisors, however, risk being ineffective, as long as the underlying incentives to engage in international regulatory competition towards low enforcement of anti-money laundering standards are not addressed. To eliminate the potential for regulatory competition, anti-money laundering supervision needs to be raised to a European level.
Análisis en profundidad
Autor externo
H.Huizinga
Acerca de este documento
Tipo de publicación
Ámbito político
Palabra clave
- ASUNTOS FINANCIEROS
- ASUNTOS SOCIALES
- blanqueo de dinero
- delito económico
- DERECHO
- Derecho penal
- dinero electrónico
- economía monetaria
- EDUCACIÓN Y COMUNICACIÓN
- Estado miembro UE
- fraude fiscal
- GEOGRAFÍA
- geografía económica
- información y tratamiento de la información
- instituciones financieras y de crédito
- intercambio de información
- INTERCAMBIOS ECONÓMICOS Y COMERCIALES
- libre circulación de capitales
- lucha contra el crimen
- política comercial
- sistema bancario
- transacción financiera
- vida social
- vigilancia del mercado