Introducing the 11th Principle of the United Nations Global Compact to Fulfill Sustainability Aim: The Benefits by Including Anti-money Laundering

Kalle Rose

Publikation: Working paper › Forskning

Resumé

Recent research highlights a need for non-financial companies to actively and effectively engage in the combat against money laundering and thereby support the financial sector in the struggle. Furthermore, research emphasize the need to combine anti-corruption and anti-money laundering efforts at the highest international level in order to become successful. One approach towards engaging non-financial as well as financial companies in anti-corruption efforts is through the United Nations Global Compact. However, the UN Global Compact mainly focuses on anti-corruption with indirect links to anti-money laundering. The purpose of this paper is therefore to show how an inclusion of anti-money laundering measures in the UN Global Compact will improve the aim and effect of the UN Global Compact. It is concluded by the analysis that the UN Global Compact will benefit from an inclusion of anti-money laundering in the principles of the Global Compact. Furthermore, the financial sector and the legitimate society will benefit greatly from engagement from non-financial companies in the battle against money launderers.
OriginalsprogEngelsk
Udgivelses stedFrederiksberg
UdgiverCBS LAW. Copenhagen Business School
Antal sider14
StatusUdgivet - 2019
NavnWorking Paper
Nummer19-29

Emneord

  • Anti-money laundering
  • Anti-corruption
  • UN Global Compact
  • Financial sector

Citer dette

Rose, Kalle. / Introducing the 11th Principle of the United Nations Global Compact to Fulfill Sustainability Aim : The Benefits by Including Anti-money Laundering. Frederiksberg : CBS LAW. Copenhagen Business School, 2019. (Working Paper; Nr. 19-29).
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abstract = "Recent research highlights a need for non-financial companies to actively and effectively engage in the combat against money laundering and thereby support the financial sector in the struggle. Furthermore, research emphasize the need to combine anti-corruption and anti-money laundering efforts at the highest international level in order to become successful. One approach towards engaging non-financial as well as financial companies in anti-corruption efforts is through the United Nations Global Compact. However, the UN Global Compact mainly focuses on anti-corruption with indirect links to anti-money laundering. The purpose of this paper is therefore to show how an inclusion of anti-money laundering measures in the UN Global Compact will improve the aim and effect of the UN Global Compact. It is concluded by the analysis that the UN Global Compact will benefit from an inclusion of anti-money laundering in the principles of the Global Compact. Furthermore, the financial sector and the legitimate society will benefit greatly from engagement from non-financial companies in the battle against money launderers.",
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Rose, K 2019 'Introducing the 11th Principle of the United Nations Global Compact to Fulfill Sustainability Aim: The Benefits by Including Anti-money Laundering' CBS LAW. Copenhagen Business School, Frederiksberg.

Introducing the 11th Principle of the United Nations Global Compact to Fulfill Sustainability Aim : The Benefits by Including Anti-money Laundering. / Rose, Kalle.

Frederiksberg : CBS LAW. Copenhagen Business School, 2019.

Publikation: Working paper › Forskning

TY - UNPB

T1 - Introducing the 11th Principle of the United Nations Global Compact to Fulfill Sustainability Aim

T2 - The Benefits by Including Anti-money Laundering

AU - Rose, Kalle

PY - 2019

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N2 - Recent research highlights a need for non-financial companies to actively and effectively engage in the combat against money laundering and thereby support the financial sector in the struggle. Furthermore, research emphasize the need to combine anti-corruption and anti-money laundering efforts at the highest international level in order to become successful. One approach towards engaging non-financial as well as financial companies in anti-corruption efforts is through the United Nations Global Compact. However, the UN Global Compact mainly focuses on anti-corruption with indirect links to anti-money laundering. The purpose of this paper is therefore to show how an inclusion of anti-money laundering measures in the UN Global Compact will improve the aim and effect of the UN Global Compact. It is concluded by the analysis that the UN Global Compact will benefit from an inclusion of anti-money laundering in the principles of the Global Compact. Furthermore, the financial sector and the legitimate society will benefit greatly from engagement from non-financial companies in the battle against money launderers.

AB - Recent research highlights a need for non-financial companies to actively and effectively engage in the combat against money laundering and thereby support the financial sector in the struggle. Furthermore, research emphasize the need to combine anti-corruption and anti-money laundering efforts at the highest international level in order to become successful. One approach towards engaging non-financial as well as financial companies in anti-corruption efforts is through the United Nations Global Compact. However, the UN Global Compact mainly focuses on anti-corruption with indirect links to anti-money laundering. The purpose of this paper is therefore to show how an inclusion of anti-money laundering measures in the UN Global Compact will improve the aim and effect of the UN Global Compact. It is concluded by the analysis that the UN Global Compact will benefit from an inclusion of anti-money laundering in the principles of the Global Compact. Furthermore, the financial sector and the legitimate society will benefit greatly from engagement from non-financial companies in the battle against money launderers.

KW - Anti-money laundering

KW - Anti-corruption

KW - UN Global Compact

KW - Financial sector

KW - Anti-money laundering

KW - Anti-corruption

KW - UN Global Compact

KW - Financial sector

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BT - Introducing the 11th Principle of the United Nations Global Compact to Fulfill Sustainability Aim

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Rose K. Introducing the 11th Principle of the United Nations Global Compact to Fulfill Sustainability Aim: The Benefits by Including Anti-money Laundering. Frederiksberg: CBS LAW. Copenhagen Business School. 2019.

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