Anti-money laundering: The world's least effective policy experiment? Together, we can fix it
Abstract
This paper uses anti-money laundering as a case study to illustrate the benefits of cross-disciplinary engagement when major policymaking functions develop separately from public policy design principles. It finds that the anti-money laundering policy intervention has less than 0.1 percent impact on criminal finances, compliance costs exceed recovered criminal funds more than a hundred times over, and banks, taxpayers and ordinary citizens are...
Paper Details
Title
Anti-money laundering: The world's least effective policy experiment? Together, we can fix it
Published Date
Jan 2, 2020
Journal
Volume
3
Issue
1
Pages
73 - 94
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