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Results for money laundering (europe)

2 results found

Author: Kego, Walter

Title: The Untouchables: Russian 'Dirty Money' in Europe

Summary: In Europe, Russian organized crime rackets are quickly gathering a name for themselves as “untouchables.” As their wealth increases and EU banking regulation falters, it is a name that is ever more apt. Money laundering in the European Union by Russian organized crime remains a problem for member states. Governments and banks continue to allow the accounts and transactions of criminals to go unregulated. However, increased regulation hurts the profits of EU banks, which can potentially profit from the illegal transactions. Hence, governments are often reluctant to increase regulation in times of crisis. Despite member states’ reluctance to enforce regulations it is imperative they do so as these illicit channels bring with them an influx of crime and corruption into the EU.

Details: Nacka, Sweden: Institute for Security & Development Policy, 2012. 2p.

Source: ISDP Policy Brief No. 101: Internet Resource: Accessed November 12, 2012 at http://www.isdp.eu/images/stories/isdp-main-pdf/2012_kego-georgieff_untouchables.pdf

Year: 2012

Country: International

URL: http://www.isdp.eu/images/stories/isdp-main-pdf/2012_kego-georgieff_untouchables.pdf

Shelf Number: 126925

Keywords:
Money Laundering (Europe)
Organized Crime (Russia)
Transnational Crime

Author: Borlini, Leonardo

Title: EU Anti-Money Laundering Regime: An Assessment within International and National Scenarios

Summary: The present work is divided into three main parts. Part I aims at providing the proper background against which assessing the recent evolution of the EU anti-money laundering legal framework, by first illustrating the economic menaces posed by the crime at issue and, secondly, by accounting for the rise of new international standards and assessing the performance of a sample domestic anti-money laundering (AML) pieces of legislation. It outlines the serious threats posed by transnational laundering operations in the context of economic globalization, showing, at the same time, the key reasons for international responses to such a crime. We focus on the phenomenological aspect of money laundering (ML) as the necessary means through which criminal activity can live on and proliferate.

Details: Milan, Italy: Universita Bocconi, 2012, 64p.

Source: Internet Resource: Paolo Baffi Centre Research Paper No. 2012-125, Bocconi Legal Studies Research Paper No. 2144122: Accessed March 20, 2013 at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2144122


Year: 2012

Country: Europe

URL: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2144122


Shelf Number: 128048

Keywords:
Financial Crimes
Money Laundering (Europe)