Reassessing the Risk Based Anti-Money Laundering Strategy
Walter Kegö and Alexander Georgieff
The adoption of the risk-based money laundering detection system across Europe has given increased investigative responsibility to banks. For countries where banks are often collaborators in the money laundering schemes, the criminals are in effect investigating themselves. Governments in these countries must reassess their risk-based strategies, and with the help of the EU, increase the means of regulation to stem the flow of billions of illicit Euros.
Related Publications
-
Towards a Sustainable Arctic: International Security, Climate Change and Green Shipping
The Arctic’s environment, economics, and politics are changing rapidly, and the conflicting interests among stakeholders mean that it lacks sustainable political and military cooperation. States bordering the Arctic — Russia, […]
-
The State of the Russian Oil Price Caps
At the G20 Meeting in February, U.S. Treasury Secretary Janet Yellen took a victory lap for the two rounds of oil price caps imposed on Russia since December last year. Yellen argued […]
-
Kenya and the Indo-Pacific: The Rationale for an “Outlook” and Why Kenya (and East Africa) Matters
This issue brief argues that Kenya should carefully consider promulgating an Indo-Pacific outlook given the seismic shifts in global distributions of power and the resulting great power rivalry. The future […]
-
Promise And Peril In The Caucasus
America’s national security bureaucracy separates the Caucasus and the Middle East into different bureaus, with Central Asia in yet another office. This is part of the reason the U.S. has […]
-
Engaging The Indo-Pacific: Some Pointers For Europe
The regional dynamics of the Indo-Pacific Region (IPR), especially maritime security-related, are distinctly different from other regions, especially Europe. There are existential sub-regional dynamics that vary across the IPR, which […]