Efficiency of Money Laundering Countermeasures: Case Studies from European Union Member States

Risks

Mircea Constantin Șcheau¹  Corina-Narcisa (Bodescu) Cotoc²  Adeline-Cristina Cozma²  Maria Nițu³ 

[1] European Research Institute, Babes-Bolyai University, 400591 Cluj-Napoca, Romania;Faculty of Economics and Business Administration, Babes-Bolyai University, 400591 Cluj-Napoca, Romania;Faculty of International Economic Relationship, Bucharest University of Economic Studies, 010374 Bucharest, Romania;

关键词: anti money laundering;    EU directives;    efficiency;    Financial Intelligence Units;   

DOI  :  10.3390/risks9060120

来源: DOAJ

【 摘 要 】

The aim of this study is to present the trends and effectiveness of money laundering countermeasures from the perspective of a number of suspicious transactions reported to the Financial Intelligence Units (FIUs), a number of analysis results submitted to law enforcement authorities, and the typologies of cases in European Union Member States. In order to determine the impact of the joint effort in the fight against money laundering, we used descriptive statistics to process the data and case studies from annual reports of the European FIUs for 2018 and 2019. The results of our study highlight the increase in the number of suspicious transactions notices, as well as in their quality level. There is an increasing tendency towards information exchange between European Union countries regarding the suspicion of money laundering, but there is no stable trend for referring cases to law enforcement and other responsible institutions. Based on the available data, it can be concluded that the EU anti money laundering measures are efficient, but further steps are needed to achieve higher international coordination and cooperation.

【 授权许可】

Unknown