DIRECTIVE 2015/849 – IMPROVEMENTS AND EFFECTIVENESS OF THE Þ GHT AGAINST THE LEGALIZATION OF ILLEGALLY RECEIVED FUNDS AND TERRORIST Þ NANCING
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Abstract
Due to the current political and religious discrepancies, money laundering and terrorism Þ - nancing has become the main discussion topic among the international organizations. Illegal cash ß ows and terrorist Þ nancing affect not only our daily Þ le, but also the integrity, stability and economic development of states. In order to Þ ght against money laundering and terrorist Þ nancing, more coordinated and efÞ cient steps should be taken. The 4th Money Laundering Directive was adopted on 20 May 2015 and introduced clearer, more substantive procedural provisions in order to tackle the issue concerned. The Directive aims to introduce minimum measures to address this issue. The author of the present paper discusses whether the adopted measures will be effective in the Þ ght against money laundering and terrorism Þ nancing and possible problems arising due to the implementation of the said Directive into national legislations.
How to Cite
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beneÞ cial owner, customer due diligence, money laundering, risk based approach, terrorism Þ nancing
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