Download This PaperThe EU's Anti Money Laundering Agenda - Built on Risks
An Area of Freedom, Security and Justice: Challenges in the European Union, T. Konstadinides, C. Eckes, J. Yorke, eds., Forthcoming
21 Pages Posted: 21 Oct 2009 Last revised: 18 Dec 2012
Date Written: December 12, 2008
Abstract
The Third Money Laundering Directive introduces not only a risk-based approach to the fight against dirty money but includes also the financing of terrorism within its scope. The legal basis for such inclusion is Art 95 EC and Art 47 (2) EC and the establishment of the internal market. This contribution aims to explore the implications of EC risk assessment in the area of the EU’s anti money laundering and terrorism financing regulation as justification for harmonization.
Keywords: EU criminal law, risk assessment
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