Regulating a Global Illegal Market - the Case of Money Laundering

Session Organizer:
Brigitte Unger
Brigitte Unger
Saturday, 4 July 2015: 8:30 AM-10:00 AM
TW1.1.02 (Tower One)
By now, all countries in the world have experience with anti-money laundering regulations, since the FATF (an intergovernmental body) urged all of them to set up a regulatory framework for the fight against money laundering. Most countries try to comply with FATF’s international standards, on which they are evaluated. But how effective is anti-money laundering regulation? Which joint and different experiences do countries face? How can one best regulate an international issue where mainly the public and not the private interest is involved? 

The panel presents country experiences of legal and economic effectiveness of anti-money laundering regulations in Turkey, the UK, a country comparison of 27 EU Member States and experiences from Singapore.

The Economic and Legal Effectiveness of Anti-Money Laundering Policy in 27 EU Member States
Brigitte Unger, Utrecht University School of Economics; Joras Ferwerda, Utrecht University School of Economics
Untold Truth about Anti-Money Laundering in Turkey
Umut Turksen, University of the West of England