ANTI-MONEY LAUNDERING REGULATIONS: PROBLEMS AND PERSPECTIVES
ANTI-MONEY LAUNDERING REGULATIONS: PROBLEMS AND PERSPECTIVES

Summary/Abstract: This paper looks at the broad spectrum of the global problem of money-laundering and how international reaction to this phenomenon has resulted in strict regulations with which all banks must comply, by creating internal systems and procedures for compliance with anti-money laundering regulations. The fact that these regulations have been significantly widened to include accountants and lawyers, for example, makes us all – to a greater or to a lesser extent – subject to these regulations. How the European Union and the United States have responded is also discussed, as is the relationship between these regulations and Basel II

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