The Evolution of Anti-Money Laundering Enforcement

Sven Stumbauer ()

Chapter Chapter 1 in The Next Wave of Global Anti-Money Laundering Enforcement, 2025, pp 3-11 from Springer

Abstract: Abstract The global financial system has become more interconnected, which has made it necessary to take smarter and stronger steps to stop money laundering and other financial crimes. This, as well as, being publicly “named and shamed” has forced financial institutions and others to improve their compliance systems and invest into new technologies that can detect and potentially prevent money laundering. The change from a reactive to a proactive compliance mindset will be looked at in terms of fines and penalties and how they have affected financial institutions. This book provides an overview of the changes in the way anti-money laundering is enforced over the past 20 years to represent how more people are becoming aware of the dangers of money laundering, and the need for a coordinated response around the world. Financial institutions need to stay alert, use cutting-edge technologies, and encourage a culture of compliance.

Keywords: Money laundering; Financial crime; Enforcement (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-05824-0_1

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DOI: 10.1007/978-3-031-05824-0_1

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