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Sanctions Enforcement and Money Laundering
Report   Open access

Sanctions Enforcement and Money Laundering

Theo Nyreröd and Giancarlo Spagnolo
FREE Network Policy Brief Series, Forum for Research on Eastern Europe and Emerging Economies (FREE) Network
2022-10

Abstract

Crime Procurement Regulation
With sanctions becoming an increasingly important tool in ostracising autocratic regimes from western markets, the need for effective enforcement of Anti-Money Laundering (AML) policies is increasing. The global AML regime will be the backbone in detecting evasion of sanctions. This regime has, however, been widely criticised as ineffective. In this brief, we discuss issues with the current AML regime and propose a reward scheme for whistleblowers to enable asset seizures. A powerful feature of our proposal is that it does not rely on the effectiveness of the AML regime.
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