Is the European Union Doing Everything It Can to Force the Banks and the Financial Institutions to Comply With the Law?

Nonfiction, Reference & Language, Law
Cover of the book Is the European Union Doing Everything It Can to Force the Banks and the Financial Institutions to Comply With the Law? by Roberto Miguel Rodriguez, Lulu.com
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Roberto Miguel Rodriguez ISBN: 9781329305052
Publisher: Lulu.com Publication: July 16, 2015
Imprint: Lulu.com Language: English
Author: Roberto Miguel Rodriguez
ISBN: 9781329305052
Publisher: Lulu.com
Publication: July 16, 2015
Imprint: Lulu.com
Language: English

This paper makes a contribution to research on the European anti-money laundering law by analyzing the manner in which the anti-money laundering legal regime in Europe. Such regulations are not implemented with the same rigor throughout the entire European Union and that this anti-money laundering mechanism is only as strong as its implementation in the weakest Member State. It also discusses the fines imposed the governmental authorities on the banks and financial institutions for their failure to apply the anti-money laundering rules and directives and concludes that as presently implemented such fines are not having the intended effects, but resulting in the affected institutions creating reserves to pay for such fines as if it were another cost of doing business. Lastly, the paper recommends measures which the EU can use to strengthen the anti-money laundering mechanism such as increasing substantially the fines imposed on banks and financial institutions which fail to implement the regulations.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This paper makes a contribution to research on the European anti-money laundering law by analyzing the manner in which the anti-money laundering legal regime in Europe. Such regulations are not implemented with the same rigor throughout the entire European Union and that this anti-money laundering mechanism is only as strong as its implementation in the weakest Member State. It also discusses the fines imposed the governmental authorities on the banks and financial institutions for their failure to apply the anti-money laundering rules and directives and concludes that as presently implemented such fines are not having the intended effects, but resulting in the affected institutions creating reserves to pay for such fines as if it were another cost of doing business. Lastly, the paper recommends measures which the EU can use to strengthen the anti-money laundering mechanism such as increasing substantially the fines imposed on banks and financial institutions which fail to implement the regulations.

More books from Lulu.com

Cover of the book Gluten Free Boxing Diet by Roberto Miguel Rodriguez
Cover of the book Stock Market: The Unconventional Guide to Stock Market Investing by Roberto Miguel Rodriguez
Cover of the book Physiotherapy: 20 Tips You Can't Afford to Miss by Roberto Miguel Rodriguez
Cover of the book Simple Web Programming for Beginners by Roberto Miguel Rodriguez
Cover of the book The Theater by Roberto Miguel Rodriguez
Cover of the book Raunchy Rural Romps by Roberto Miguel Rodriguez
Cover of the book The Beefy Manifesto by Roberto Miguel Rodriguez
Cover of the book Sensual Friends (Lesbian Erotica) by Roberto Miguel Rodriguez
Cover of the book Just for Tonight by Roberto Miguel Rodriguez
Cover of the book Vintage Male Swimmers by Roberto Miguel Rodriguez
Cover of the book Spies, Pirates and Sad Stuff: A Collection of Short Stories and One Medium Story by Roberto Miguel Rodriguez
Cover of the book Companion to the Summa Theologica : Volume I by Roberto Miguel Rodriguez
Cover of the book Bombay Mumbai Life Is Life - I Am Because of You by Roberto Miguel Rodriguez
Cover of the book Development of Catholic Doctrine: Evolution, Revolution, or an Organic Process by Roberto Miguel Rodriguez
Cover of the book 101 Golf Tips by Roberto Miguel Rodriguez
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy