The global anti-money laundering regime: an assessment of effectiveness



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Universidad EAFIT


Money laundering is the most commonly occurring form of financial crime -- This has been facilitated by the presence of diverse technology that has made money laundering easier -- Globally, money laundering is a major concern since it is linked to terrorist financing and corruption of the financial systems -- In response, the international community has strengthened the AML/CFT structures following the terrorist act in the Unites States in September 2011 -- The thesis presents an analysis of the AML regulations and the challenges that national governments and the international community face when combating money laundering -- The main research question is: Is the current international anti-money laundering regime sufficiently robust to effectively control and limit the phenomenon of international money laundering? -- This report explains the negative effects of money laundering to the economies of countries, the international trend-setters of the AML regulations and the challenges faced during the implementation of AML policies -- After properly studying the literature, there seems to be major challenge during the implementation of the AML regulations making money laundering a pressing issue in both developing and developed countries -- To facilitate the implementation of AML framework, nations should create a framework for exchange of information -- As much as it’s a challenge, there is need for evaluation of the effectiveness of the AML structure particularly due to the changes providing new techniques for money laundering


Palabras clave

Transacciones financieras, Flujo de capitales, Grupo de Acción Financiera Internacional (GAFI), Anti - Money Laundering (AML), Prevención de blanqueo de capitales