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

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

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.
Original languageEnglish
JournalJournal of Money Laundering Control
Volume23
Issue number1
Pages (from-to)11-25
Number of pages15
ISSN1368-5201
DOIs
Publication statusPublished - 2020

Keywords

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

Cite this

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abstract = "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.",
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Disclosing Anti-money Launderers Through CSR Regulation – a New Way to Combat Money Laundering. / Rose, Kalle.

In: Journal of Money Laundering Control, Vol. 23, No. 1, 2020, p. 11-25.

Research output: Contribution to journalJournal articleResearchpeer-review

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