IDEAS home Printed from https://ideas.repec.org/a/eme/jmlcpp/jmlc-06-2021-0060.html
   My bibliography  Save this article

Anti-money laundering regimes: a comparison between Germany, Switzerland and the UK with a focus on the crypto business

Author

Listed:
  • Christoph Wronka

Abstract

Purpose - This paper aims to examine the framework for the regulation of crypto assets in Germany, the UK and Switzerland focusing on anti-money laundering (AML) laws. It comprehensively addresses the risks of crypto assets and the benefits along with the changes made to the existing laws to regulate cryptocurrency. Design/methodology/approach - Qualitative data was analyzed to collect information for the case study and to challenge/examine the existing data and statistics. Findings - The findings suggested that the AML laws are additionally modified to include the cryptocurrencies violations of the legislation, as it is the decentralized financial systems generating opportunities for crimes and terror financing. The moderate or mild laws were found in Switzerland following Germany and the UK has the most traditional and stringent laws of money laundering. Originality/value - The paper has focused on the comparison of the three states in their AML laws comprehensively along with their attitude toward the crypto businesses.

Suggested Citation

  • Christoph Wronka, 2021. "Anti-money laundering regimes: a comparison between Germany, Switzerland and the UK with a focus on the crypto business," Journal of Money Laundering Control, Emerald Group Publishing Limited, vol. 25(3), pages 656-670, August.
    • Handle: RePEc:eme:jmlcpp:jmlc-06-2021-0060
    DOI: 10.1108/JMLC-06-2021-0060
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/JMLC-06-2021-0060/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-06-2021-0060/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-06-2021-0060?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-06-2021-0060. 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.