Start Submission

Reading: Designing Supervision under the Preventive Anti-Money Laundering Policy in the European Union

Download

A- A+
dyslexia friendly

Part II: Shared National-European Regulatory and Enforcement Regimes

Designing Supervision under the Preventive Anti-Money Laundering Policy in the European Union

Author:

Melissa van den Broek

Utrecht University School of Law
X close

Abstract

Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing is currently one of the main instruments which regulates efforts to combat money laundering (and terrorist financing) in the European Union. Respecting national procedural autonomy, this directive leaves a high degree of freedom for the Member States in designing their own supervisory architectures under the preventive anti-money laundering policy. This contribution adopts a systematic approach to the institutional differences between the EU Member States and presents four models of supervision that are currently present in the European Union. It explains the main characteristics of these models, categorises the EU Member States accordingly and analyses the potential strengths and weaknesses of each model, thereby providing a first indication of their effectiveness.
DOI: http://doi.org/10.18352/ulr.306
How to Cite: van den Broek, M., (2014). Designing Supervision under the Preventive Anti-Money Laundering Policy in the European Union. Utrecht Law Review. 10(5), pp.151–167. DOI: http://doi.org/10.18352/ulr.306
66
Views
36
Downloads
Published on 12 Dec 2014.
Peer Reviewed

Downloads

  • PDF

    comments powered by Disqus