Money Laundering - Can the EU Anti Money Laundering directive change the game? Overview on the measures of the 4th Anti Money Laundering Directive

Klaus Singer (), Aykut Bußian (), Tobias Stiegler () and Christian Hell ()
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Klaus Singer: The Bucharest University of Economic Studies
Aykut Bußian: The Bucharest University of Economic Studies
Tobias Stiegler: The Bucharest University of Economic Studies
Christian Hell: The Bucharest University of Economic Studies

Zeitschrift für interdisziplinäre ökonomische Forschung, 2017, issue 2, 44-48

Abstract: Various business transactions are susceptible to money laundering. As a measure against the increasing money laundering risk EU member states must implement the 4th Anti Money Laundering Directive into national laws until the end of June 2017. The directive will strengthen the legal frameworks of EU member states by embedding effective measures to fight money laundering, enhance protection of internal financial markets, combat terrorists financing as well as improving the consistency within the EU. Concerned by the directive are the EU member states and also the socalled “Obliged Entities”. The Obliged Entities comprised now real estate letting agents, the gambling sector and dealer of precious stones. The directive is a step in the right direction to restrict money laundering, financing of terrorism and secure the efficiency of the financial markets.

Keywords: Money Laundering; EU-directive AML; Accounting; Auditing (search for similar items in EconPapers)
JEL-codes: M48 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ris:zfioef:0108

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