IDEAS home Printed from https://ideas.repec.org/a/eme/jmlcpp/jmlc-01-2019-0007.html
   My bibliography  Save this article

Response to money laundering scandal: evidence-informed or perception-driven?

Author

Listed:
  • Ronald F. Pol

Abstract

Purpose - The purpose of this paper is to utilise underused information in anti-money laundering rating data to assist policymaking and research. Design/methodology/approach - This paper explores what evidence “hidden in plain sight” in official anti-money laundering rating data reveals about claims justifying the expansion of money laundering controls in response to European bank scandals. Findings - A perceived lack of international coordination influencing the policy response to a series of alleged anti-money laundering breaches does not accord with the anti-money laundering industry’s own evidence base. Practical implications - Responding to new crises with superficial solutions without addressing fundamental questions with a multi-disciplinary perspective risks repeating and extending a decade-long cycle of ineffectiveness in efforts to mitigate the social and economic harms from profit-motivated crime. Originality/value - This paper draws fresh conclusions from the anti-money laundering industry’s “main” data set, underused in policymaking and research.

Suggested Citation

  • Ronald F. Pol, 2020. "Response to money laundering scandal: evidence-informed or perception-driven?," Journal of Money Laundering Control, Emerald Group Publishing Limited, vol. 23(1), pages 103-121, January.
    • Handle: RePEc:eme:jmlcpp:jmlc-01-2019-0007
    DOI: 10.1108/JMLC-01-2019-0007
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/JMLC-01-2019-0007/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/JMLC-01-2019-0007/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/JMLC-01-2019-0007?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:jmlcpp:jmlc-01-2019-0007. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.