Risk-based approach in the European anti-money laundering legislation: origins, benefits, and implications
Date
2018
Authors
Kaplans, Jakovs
Journal Title
Journal ISSN
Volume Title
Publisher
Riga Graduate School of Law
Abstract
The major objective of the thesis is identifying the benefits and implications of the risk-based approach under the Third and the Fourth Anti-Money Laundering Directives. Thesis aims to discover why did the European AML regime shift from the rule-based approach to the risk-based approach, as well as aims to identify which benefits and implications does the risk-based approach bring and analyses how does the transition to the risk-based approach affect customer identification.
Description
Keywords
Research Subject Categories::LAW/JURISPRUDENCE::Other law::European law , Anti-money laundering