European Union anti-money laundering supervision in crisis: an analysis of the Commission’s measures to enforce the European Union’s supervisory architecture through COM(2018)645 and COM(2018)646
Luomanperä, Laura (2019-10-31)
European Union anti-money laundering supervision in crisis: an analysis of the Commission’s measures to enforce the European Union’s supervisory architecture through COM(2018)645 and COM(2018)646
Luomanperä, Laura
(31.10.2019)
Julkaisu on tekijänoikeussäännösten alainen. Teosta voi lukea ja tulostaa henkilökohtaista käyttöä varten. Käyttö kaupallisiin tarkoituksiin on kielletty.
suljettu
Julkaisun pysyvä osoite on:
https://urn.fi/URN:NBN:fi-fe2019112043236
https://urn.fi/URN:NBN:fi-fe2019112043236
Tiivistelmä
A series of recent money laundering scandals in multiple European Union countries have underlined the shortcomings of the European Union’s supervisory framework for anti-money laundering. In the European Union, where the free movement of capital and people are secured in a Single Market, the phases of money laundering take advantage of Member States with both weak and strong anti-money laundering schemes.
On September 12, 2018, the Commission gave out a Communication to amend the framework for anti-money laundering and prudential supervision in the Union. Concurrently, the Commission gave out a legislative proposal for amending the founding regulations of the European Supervisory Authorities. The objective of this thesis is to analyze the proposals. In particular, the thesis analyzed the long-term, substantial amendments, which are to entrust the European Banking Authority with anti-money laundering supervision and considering transforming the Anti-money laundering directive into a Regulation.
In order to do this, the thesis first outlines the current framework for anti-money laundering and prudential supervision in the Union and identifies weaknesses in it. After introducing the proposed measures, the thesis critically analyzes them and proposes further measures.
On September 12, 2018, the Commission gave out a Communication to amend the framework for anti-money laundering and prudential supervision in the Union. Concurrently, the Commission gave out a legislative proposal for amending the founding regulations of the European Supervisory Authorities. The objective of this thesis is to analyze the proposals. In particular, the thesis analyzed the long-term, substantial amendments, which are to entrust the European Banking Authority with anti-money laundering supervision and considering transforming the Anti-money laundering directive into a Regulation.
In order to do this, the thesis first outlines the current framework for anti-money laundering and prudential supervision in the Union and identifies weaknesses in it. After introducing the proposed measures, the thesis critically analyzes them and proposes further measures.