This book examines the interpretation of the risk-based approach (RBA) and its application across the banking industry. It explores the ways conflicting risk interpretation and deconstruction of money laundering risk have unintended consequences across the banking industry. Furthermore, it...

Money laundering is ubiquitous in modern discourse because of its pervasive links to criminal activity. It bolsters terrorism, underpins much chastisement of financial institutions and their alleged links to drug cartels, expedites tax evasion, undergirds corruption and resonates in political...

Recent research and market effects within the European Union show a rising concern towards the derisking of certain sectors/actors due to the increased anti-money laundering regulation. Because of the enhanced due diligence and monitoring costs related to anti-money laundering and...