The upcoming european anti-money laundering and countering the financing of terrorism legislative package:
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/159046 |
Resumo: | Since it first started raising the eyebrows of regulators in the 80s, prevention of ML/TF has consumed a growing amount of supervisory resources and became subject to increasingly detailed and burdensome regulatory frameworks. In the EU, following a string of prominent cases of money laundering involving European institutions, the Commission proposed a drastic overhaul of the AML/CFT framework that will reshape the supervisory architecture and regulatory approach. The key aspects of novelty concern the creation of an EU-level AML/CFT supervisory authority and the development of an AML/CFT Single Rulebook. These changes were inspired by the similar process of regulatory harmonization and (partial) transfer of supervisory tasks to the supranational level that took place in the prudential sphere after the global financial crisis. The example drawn from the SSM and the prudential Single Rulebook can help shed light on the strengths and areas for improvement of the Commission’s AML Package and on its ability to address the shortcomings of the current AML/CFT framework. |
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The upcoming european anti-money laundering and countering the financing of terrorism legislative package:lessons to learn from the Banking Union on the (long) road towards harmonization.DireitoSince it first started raising the eyebrows of regulators in the 80s, prevention of ML/TF has consumed a growing amount of supervisory resources and became subject to increasingly detailed and burdensome regulatory frameworks. In the EU, following a string of prominent cases of money laundering involving European institutions, the Commission proposed a drastic overhaul of the AML/CFT framework that will reshape the supervisory architecture and regulatory approach. The key aspects of novelty concern the creation of an EU-level AML/CFT supervisory authority and the development of an AML/CFT Single Rulebook. These changes were inspired by the similar process of regulatory harmonization and (partial) transfer of supervisory tasks to the supranational level that took place in the prudential sphere after the global financial crisis. The example drawn from the SSM and the prudential Single Rulebook can help shed light on the strengths and areas for improvement of the Commission’s AML Package and on its ability to address the shortcomings of the current AML/CFT framework.Feteira, João Lúcio ToméRUNRodrigues, Maria Luísa Babo2023-10-19T11:08:51Z2023-02-152022-12-152023-02-15T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/159046TID:203249208enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:41:31Zoai:run.unl.pt:10362/159046Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:57:23.019729Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The upcoming european anti-money laundering and countering the financing of terrorism legislative package: lessons to learn from the Banking Union on the (long) road towards harmonization. |
title |
The upcoming european anti-money laundering and countering the financing of terrorism legislative package: |
spellingShingle |
The upcoming european anti-money laundering and countering the financing of terrorism legislative package: Rodrigues, Maria Luísa Babo Direito |
title_short |
The upcoming european anti-money laundering and countering the financing of terrorism legislative package: |
title_full |
The upcoming european anti-money laundering and countering the financing of terrorism legislative package: |
title_fullStr |
The upcoming european anti-money laundering and countering the financing of terrorism legislative package: |
title_full_unstemmed |
The upcoming european anti-money laundering and countering the financing of terrorism legislative package: |
title_sort |
The upcoming european anti-money laundering and countering the financing of terrorism legislative package: |
author |
Rodrigues, Maria Luísa Babo |
author_facet |
Rodrigues, Maria Luísa Babo |
author_role |
author |
dc.contributor.none.fl_str_mv |
Feteira, João Lúcio Tomé RUN |
dc.contributor.author.fl_str_mv |
Rodrigues, Maria Luísa Babo |
dc.subject.por.fl_str_mv |
Direito |
topic |
Direito |
description |
Since it first started raising the eyebrows of regulators in the 80s, prevention of ML/TF has consumed a growing amount of supervisory resources and became subject to increasingly detailed and burdensome regulatory frameworks. In the EU, following a string of prominent cases of money laundering involving European institutions, the Commission proposed a drastic overhaul of the AML/CFT framework that will reshape the supervisory architecture and regulatory approach. The key aspects of novelty concern the creation of an EU-level AML/CFT supervisory authority and the development of an AML/CFT Single Rulebook. These changes were inspired by the similar process of regulatory harmonization and (partial) transfer of supervisory tasks to the supranational level that took place in the prudential sphere after the global financial crisis. The example drawn from the SSM and the prudential Single Rulebook can help shed light on the strengths and areas for improvement of the Commission’s AML Package and on its ability to address the shortcomings of the current AML/CFT framework. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-12-15 2023-10-19T11:08:51Z 2023-02-15 2023-02-15T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/159046 TID:203249208 |
url |
http://hdl.handle.net/10362/159046 |
identifier_str_mv |
TID:203249208 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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