Aml Kyc

The current issue and full text archive of this ledger is available at www.emeraldinsight.com/1368-5201.htm The ?ght against gold clean An economic analysis of a cost-bene?t paradoxon Hans Geiger and Oliver Wuensch Swiss Banking Institute, University of Zurich, Zurich, Switzerland Abstract Purpose To let an economic receive on the costs and bene?ts of anti-money wash (AML) efforts. flesh/methodology/ glide path Based on a international, comparative study conducted in Switzerland, Singapore and Germany, the authors outline the fix of AML measures on banks and the ?nancial services industry. The makeup discusses potential reasons for the failure of AML to ?ght the predicated crimes. It besides discusses the collateral damage caused by AML. Findings Compared with the monetary and non-monetary costs of money make clean prevention for the indian lodge and the economy, the bene?ts are small. sooner of broadening and deepening the current AML framework, a thorough p olish up of the current approach should take place. enquiry limitation/implications be and bene?ts of AML measures are hardly quanti?able. The authors resort to a qualitative approach, stylising possible outcomes and side effects of money laundering prevention.

Practical implications useable set of arguments for discussing the bene?ts and shortcomings of the current and upcoming AML measures. Originality/ repute cash laundering measures and their impact are examined using prefatory laws of economy and ?nancial intermediation. Keywords Money laundering, Economic value analysis, Cost bene?t analysis writing type Conceptu al paper The ?ght against money launderin! g 91 Prologue The Swiss Banking Institute of the University of Zurich has, in co-operation with universities in Germany and Singapore, conducted an international field of force on the anti-money laundering (AML) measures among banks in Switzerland, Germany and Singapore[1]. The conclusions of the survey are make: . Banks consider the...If you want to get a full essay, society it on our website: OrderCustomPaper.com

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