Disclosing Anti-money Launderers Through CSR Regulation – a New Way to Combat Money Laundering

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Abstrakt

Recent research questions the innocence of companies outside the current EU money laundering regulation in terms of contributing to the externality problem of money laundering. The purpose of this paper is to examine how including anti-money laundering as an element of the EU corporate social responsibilities (CSR) directive can contribute to solving the externality problem of money laundering. Based on the principles of CSR and the economic effects of disclosure duties, this paper analyzes the implications an introduction of anti-money laundering policies and disclosure duties can have on corporate clients and the combatting against money laundering. Furthermore, it is the intention of this paper to argue how such a regulatory change can help the financial companies dividing “good” and “bad” clients to prevent money laundering from happening.
OriginalsprogEngelsk
TidsskriftJournal of Money Laundering Control
Vol/bind23
Udgave nummer1
Sider (fra-til)11-25
Antal sider15
ISSN1368-5201
DOI
StatusUdgivet - 2020

Emneord

  • CSR
  • EU
  • Regulation
  • Money laundering
  • Non-financial entities
  • Criminalizing

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