Where anti-money laundering legislation is accepted almost everywhere in the world, practice, stubb

Home Events New bv law Publications Regulatory Links Regulatory Europe Trust offices Wwft 4th European anti-money laundering directive General Information Wwft Wwft archive 2012 and earlier [About this blog] [Languages]
The anti-money laundering legislation ppm manager ever devised for banks and then a wide variety of companies to be applicable where no one has questioned whether the companies still use it to practically anything. This does not work, is to predict (but obviously not politically negotiable).
From a thesis of Ms. Liliya Gelemerova that appeared this month, "The anti-money laundering ppm manager system in the context of globalization: a panopticon built on quicksand? "Shows that the customer due diligence review of the anti-money laundering legislation is not functioning properly. See related press release from the University of Tilburg:
Where anti-money laundering legislation is accepted almost everywhere in the world, practice, stubborn: due diligence and notification are not applied consistently, both within companies, industries and countries. This is the main conclusion of the study of Liliya Gelemerova, today PhD at Tilburg University. The inconsistent approach is due to unclear definitions, unclear rules and differences in legal environment and corporate cultures. Largely
Globalization has led to financial services, such as the international transfer of money, even for criminals have become. ppm manager Accessible anywhere in the world At the same time anti-money laundering measures had a more international scope. But how effective are these measures? PhD student Liliya Gelemerova researched the origins and foundations of the international anti-money laundering policies and arguments of policy makers to draw. New and stricter rules
Gelemerova notes that the anti-money laundering ppm manager legislation entails numerous problems that affect businesses and ordinary citizens, especially when it comes to the vetting of customers and reporting suspicious activity. "If we want to operate the system better, we should not ignore these issues," said Gelemerova.
International measures to counter money laundering include a reporting of banks and countless others, especially financial institutions and professionals in suspicious financial transactions. This comprehensive enforcement system appears not to work, says Gelemerova. Due to lack of performance measures is difficult to determine how the measures in practice unpacking, even unintended effects come to light only anecdotal. The definitions ppm manager are not clear, leading to less certainty and inadequate application of criminal law and regulations.
Institutions with a reporting each have their own instruments and wrestle with whether their procedures satisfy the requirements. In practice, it often comes down to is that due diligence (the origin of the money) hardly have to much than afvinkexercitie. ppm manager As a result, financial intelligence can not blindly rely on the quality of the information they receive. Or want to go, a financial institution with a particular customer or partner in the sea is thus largely determined by the risk appetite of the institution, and which differs from organization to organization.
Where the criminal law approach is almost universally accepted practice, stubborn: due diligence and notification are not applied consistently, both within companies, industries and countries. Gelemerova: "It's a Panopticon built on quicksand."
Liliya Gelemerova (1975 Blagoevrad, Bulgaria) studied at the University of National and World Economy in Sofia. She also completed a post-doctoral fellow at the Centre for British Studies at the Humboldt ppm manager University in Berlin. She she worked for the Bulgarian Financial Intelligence Unit FIU, where she was responsible for international cooperation in the field of cross-border crime and money laundering. She also has experience in Transparency International in Berlin and at the Confederation of British Industry in London. In London she worked as a researcher and due diligence specialist for two intelligence organizations in the business, after which she joined Nardello & Co.. In Nardello & Co.. Gelemerova has led the Eastern ppm manager Europe and Former Soviet ppm manager Union Practice, where she is engaged in due diligence, assistance with legal proceedings and other research assignments.
Note for the press Liliya Gelemerova PhD on Tuesday, June 28th at 14.15 at Tilburg University. Title of thesis: The anti-money laundering system in the