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Money Laundering - Can the EU Anti Money Laundering directive change the game? Overview on the measures of the 4th Anti Money Laundering Directive

Author

Listed:
  • Singer, Klaus

    (The Bucharest University of Economic Studies)

  • Bußian, Aykut

    (The Bucharest University of Economic Studies)

  • Stiegler, Tobias

    (The Bucharest University of Economic Studies)

  • Hell, Christian

    (The Bucharest University of Economic Studies)

Abstract

Various business transactions are susceptible to money laundering. As a measure against the increasing money laundering risk EU member states must implement the 4th Anti Money Laundering Directive into national laws until the end of June 2017. The directive will strengthen the legal frameworks of EU member states by embedding effective measures to fight money laundering, enhance protection of internal financial markets, combat terrorists financing as well as improving the consistency within the EU. Concerned by the directive are the EU member states and also the socalled “Obliged Entities”. The Obliged Entities comprised now real estate letting agents, the gambling sector and dealer of precious stones. The directive is a step in the right direction to restrict money laundering, financing of terrorism and secure the efficiency of the financial markets.

Suggested Citation

  • Singer, Klaus & Bußian, Aykut & Stiegler, Tobias & Hell, Christian, 2017. "Money Laundering - Can the EU Anti Money Laundering directive change the game? Overview on the measures of the 4th Anti Money Laundering Directive," Zeitschrift für interdisziplinäre ökonomische Forschung, Allensbach Hochschule, issue 2, pages 44-48, December.
    • Handle: RePEc:ris:zfioef:0108
    as

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    More about this item

    Keywords

    Money Laundering; EU-directive AML; Accounting; Auditing;
    All these keywords.

    JEL classification:

    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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