Selected economic and legal aspects of the fight against money laundering - impact on enterprises and public administration

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F18%3A43914568" target="_blank" >RIV/62156489:43110/18:43914568 - isvavai.cz</a>

Výsledek na webu

<a href="http://www.wseas.org/multimedia/journals/economics/2018/a845907-623.pdf" target="_blank" >http://www.wseas.org/multimedia/journals/economics/2018/a845907-623.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Selected economic and legal aspects of the fight against money laundering - impact on enterprises and public administration

Popis výsledku v původním jazyce

This paper evaluates the benefits and the costs of anti-money laundering in the Czech Republic from 2010 to 2016 and it analyses the effectiveness of the AML measures. The third Directive of the European Parliament and of the Council 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing set strict measures against money laundering and a wide range of obligations for reporting entities. These measures were criticized mainly by the financial institutions for their high costs and missing empirical evidence about their effectiveness. The thesis analyses the costs and the benefits of the anti-money laundering in the Czech Republic and it also analyses the impact of the implementation of the strict measures pursuant to the directive according to the selected indicators. By combining theoretical findings with a data analysis I reached a conclusion that the fight against money laundering had become more effective after the implementation of the strict measures.

Název v anglickém jazyce

Selected economic and legal aspects of the fight against money laundering - impact on enterprises and public administration

Popis výsledku anglicky

This paper evaluates the benefits and the costs of anti-money laundering in the Czech Republic from 2010 to 2016 and it analyses the effectiveness of the AML measures. The third Directive of the European Parliament and of the Council 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing set strict measures against money laundering and a wide range of obligations for reporting entities. These measures were criticized mainly by the financial institutions for their high costs and missing empirical evidence about their effectiveness. The thesis analyses the costs and the benefits of the anti-money laundering in the Czech Republic and it also analyses the impact of the implementation of the strict measures pursuant to the directive according to the selected indicators. By combining theoretical findings with a data analysis I reached a conclusion that the fight against money laundering had become more effective after the implementation of the strict measures.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

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OECD FORD obor

50501 - Law

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

WSEAS Transactions on Business and Economics

ISSN

1109-9526

e-ISSN

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Svazek periodika

15

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

GR - Řecká republika

Počet stran výsledku

7

Strana od-do

445-451

Kód UT WoS článku

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EID výsledku v databázi Scopus

2-s2.0-85055783467