Money Laundering

    Research output: Chapter in Book/Report/Conference proceedingBook chapterResearchpeer-review

    Abstract

    This chapter provides an overview of the role of the European Union in the emergence, consolidation and development of the governance of money laundering. In particular, it identifies three sets of factors that explain the role of the European Union in the global Anti-Money Laundering (AML) regime. These are the motivation and policy content of the AML regime as driven by key states; the promotion of particular standards through global, regional, and national organizations; and the proliferation of AML practices among both regulators and the regulated. The chapter finds that European states (though no EU coalition of states) have significant influence in the shaping of global AML standards; they are also at the vanguard of the peer review process that leads to their global diffusion. At the same time, the European Commission has developed extensive expertise on AML to guide global debates and ‘translate’ the resulting rules into EU policy.
    This chapter provides an overview of the role of the European Union in the emergence, consolidation and development of the governance of money laundering. In particular, it identifies three sets of factors that explain the role of the European Union in the global Anti-Money Laundering (AML) regime. These are the motivation and policy content of the AML regime as driven by key states; the promotion of particular standards through global, regional, and national organizations; and the proliferation of AML practices among both regulators and the regulated. The chapter finds that European states (though no EU coalition of states) have significant influence in the shaping of global AML standards; they are also at the vanguard of the peer review process that leads to their global diffusion. At the same time, the European Commission has developed extensive expertise on AML to guide global debates and ‘translate’ the resulting rules into EU policy.
    LanguageEnglish
    Title of host publicationEurope and the Governance of Global Finance
    EditorsDaniel Mugge
    Number of pages14
    Place of PublicationOxford
    PublisherOxford University Press
    Date2014
    Pages141-154
    Chapter10
    ISBN (Print)9780199683963
    ISBN (Electronic)9780191763410
    DOIs
    StatePublished - 2014

    Keywords

      Cite this

      Tsingou, E. (2014). Money Laundering. In D. Mugge (Ed.), Europe and the Governance of Global Finance (pp. 141-154). Oxford: Oxford University Press. DOI: 10.1093/acprof:oso/9780199683963.003.0010
      Tsingou, Eleni. / Money Laundering. Europe and the Governance of Global Finance. editor / Daniel Mugge. Oxford : Oxford University Press, 2014. pp. 141-154
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      Tsingou, E 2014, Money Laundering. in D Mugge (ed.), Europe and the Governance of Global Finance. Oxford University Press, Oxford, pp. 141-154. DOI: 10.1093/acprof:oso/9780199683963.003.0010

      Money Laundering. / Tsingou, Eleni.

      Europe and the Governance of Global Finance. ed. / Daniel Mugge. Oxford : Oxford University Press, 2014. p. 141-154.

      Research output: Chapter in Book/Report/Conference proceedingBook chapterResearchpeer-review

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      AB - This chapter provides an overview of the role of the European Union in the emergence, consolidation and development of the governance of money laundering. In particular, it identifies three sets of factors that explain the role of the European Union in the global Anti-Money Laundering (AML) regime. These are the motivation and policy content of the AML regime as driven by key states; the promotion of particular standards through global, regional, and national organizations; and the proliferation of AML practices among both regulators and the regulated. The chapter finds that European states (though no EU coalition of states) have significant influence in the shaping of global AML standards; they are also at the vanguard of the peer review process that leads to their global diffusion. At the same time, the European Commission has developed extensive expertise on AML to guide global debates and ‘translate’ the resulting rules into EU policy.

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      Tsingou E. Money Laundering. In Mugge D, editor, Europe and the Governance of Global Finance. Oxford: Oxford University Press. 2014. p. 141-154. Available from, DOI: 10.1093/acprof:oso/9780199683963.003.0010