The Eu Legislative Framework Against Money Laundering and Terrorist Finance: A Critical Analysis in the Light of Evolving Global Standards

Abstract

This article examines the evolution of the EU anti-money laundering legislative framework (which in recent years has also included measures to counter terrorist finance), by focusing in particular on recent legislation such as the third money laundering Directive and the Regulation on controls of cash entering the EU, both adopted in 2005. The analysis highlights the relationship between these instruments and international initiatives in the field (in particular FATF standards), and addresses the challenges posed to the European Union legislative and constitutional framework when attempting to accommodate global standards.

Operación del sistema de autocontrol y gestión del riesgo de lavado de activos y financiación del terrorismo en empresas del sector comercial

“…Varios autores han discutido el uso de sistemas de gestión de riesgos de recursos para financiación del terrorismo y el lavado o blanqueamiento de activos en entidades comerciales de diferentes sectores financieros [13]- [15], dado que este tipo de actividades ilegales constituyen un peligro latente en la operación de empresas en todos los rincones de la economía internacional, y, particularmente, para las actividades financieras en Colombia. En este último país, el organismo encargado de la vigilancia de este tipo de situaciones es la Superintendencia Financiera de Colombia, la cual define los riesgos de Lavado de Activos y Financiación del Terrorismo (LA/FT) en la Circular Externa Nro.…”

Antagonistic recursivities and successive cover‐ups: the case of private nuclear proliferation

“…In so doing, UNSCR 1540 reaffirmed the new role gained by the UN Security Council in the post‐September 11 era as a global lawmaking power (see Table ), rather than as a classical interstate body in charge of deciding the level of sanctions against state violators of treaty commitments (Serrano and Kenny ; Scheppele ; Reich ; Halberstam and Stein ; de Búrca ). In placing prevention above preemption, the new UNSC rules also pursued greater reactivity, encouraging states to act upon threats before they became imminent, by freezing assets of individuals suspected of terrorism or proliferation operations and financing (Mitsilegas and Gilmore ; Alldridge ).…”

Crimes Maritime Laundering and Social Rule of Law

“…European Union has criminalized the money laundering and has made use of four directives on the matter [14]. The first Antimoney laundering directive introduced a definition of this activity following the standard wording of the Vienna Convention on drug trafficking.…”