Information Sharing with the Private Sector under Anti-money Laundering and Countering the Financing of Terrorism Regulations

Yurika Ishii

Discussion papers from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: Financial institutions and other entities find it beneficial to exchange customer identities and criminal risk data to enhance the effectiveness of money laundering and anti-terrorism regulations. Therefore, the Financial Action Task Force (FATF) recommends sharing relevant information among private companies. Additionally, some countries and operators are exploring the consolidation of information and utilization of artificial intelligence and other technologies to identify suspicious transactions. However, implementing cross-border regulations requires robust international collaboration. Unilaterally imposing mandatory information sharing on operators could conflict with national privacy, human rights norms, and data protection laws. This study delves into how various countries are addressing these challenges in the current context and analyzes the implications for international legal frameworks.

Pages: 25 pages
Date: 2024-01
New Economics Papers: this item is included in nep-ban and nep-law
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.rieti.go.jp/jp/publications/dp/24e010.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eti:dpaper:24010

Access Statistics for this paper

More papers in Discussion papers from Research Institute of Economy, Trade and Industry (RIETI) Contact information at EDIRC.
Bibliographic data for series maintained by TANIMOTO, Toko ().