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The Development of the European Union Legislative Framework Against Money Laundering and Terrorist Financing in the Light of International Standards

Author

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  • Thai Van Ha

    (Faculty of Law, University of Pecs, Hungary; People's Security Academy, Hanoi, Vietnam)

Abstract

This article examines the recent evolution of the European Union (EU) anti-money-laundering and counter-terrorist financing legal framework in the connection with the main international standards in the field, with a special concentration on the Financial Action Task Force (FATF) Recommendations, and then highlights the potential risks of money laundering and terrorist financing and areas for improvement when adopting these international standards.

Suggested Citation

  • Thai Van Ha, 2021. "The Development of the European Union Legislative Framework Against Money Laundering and Terrorist Financing in the Light of International Standards," Technium Social Sciences Journal, Technium Science, vol. 18(1), pages 185-193, April.
    • Handle: RePEc:tec:journl:v:18:y:2021:i:1:p:185-193
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    References listed on IDEAS

    as
    1. Brigitte Unger, 2013. "Money laundering regulation: from Al Capone to Al Qaeda," Chapters, in: Brigitte Unger & Daan van der Linde (ed.), Research Handbook on Money Laundering, chapter 2, pages 19-32, Edward Elgar Publishing.
    2. Brigitte Unger, 2007. "The Scale and Impacts of Money Laundering," Books, Edward Elgar Publishing, number 12690.
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    More about this item

    Keywords

    Money laundering; terrorist financing; FATF Recommendations; European Union;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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