The Interplay Between Sanctions and Anti-Money Laundering Compliance

Sven Stumbauer ()

Chapter Chapter 17 in The Next Wave of Global Anti-Money Laundering Enforcement, 2025, pp 145-155 from Springer

Abstract: Abstract Financial crime is a growing threat to the global financial system. In recent years, the financial industry has been undergoing a transformation from a traditional regulatory environment to a new regulatory environment that focuses on thwarting financial crime. The intersection of anti-money laundering and sanctions compliance represents a vital collaboration between the financial sector's initiatives to combat illegal activities and international efforts aimed at restricting the movement of funds to and from individuals, groups, and nations that are under sanctions. This chapter aims to explore the convergence of these two domains, highlight the primary legal challenges that arise, and discuss effective strategies for harmonizing these efforts to enhance their overall effectiveness.

Keywords: Sanctions; Office of Foreign Assets Control (OFAC); Convergence; Regulatory environment; Trading with the enemy (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-031-05824-0_17

Ordering information: This item can be ordered from
http://www.springer.com/9783031058240

DOI: 10.1007/978-3-031-05824-0_17

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().