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dc.contributor.authorDebattista, Leanne-
dc.contributor.authorChircop, Charlene-
dc.contributor.authorMula, Mariah-
dc.identifier.citationDebattista, L., Chircop, C., & Mula, M. (2016). The Fourth EU Anti-Money Laundering Directive : an academic overview. ELSA Malta Law Review, 6, 273-287.en_GB
dc.description.abstractFlows of illicit money can damage the integrity, stability and reputation of the financial sector, and threaten the internal market of the Union as well as international development. Money laundering, terrorism financing and organized crime remain significant problems which should be addressed at Union level.' This legal analysis is geared towards showcasing the major concerns which arise from the crime of money laundering and its intrinsic link with terrorism-financing. Recent global enforcement actions against financial institutions highlight the importance of compliance with anti-money laundering and terrorism-financing regulations. Such enforcement actions are clear proof that despite the considerable progress made in mitigating risks posed by money laundering and rooting out prior wrongdoing, financial institutions are still falling short of regulators' expectations. The focal-point of this study is the recently-enacted Fourth EU Anti-Money Laundering Directive. Salient aspects of this Directive shall be addressed all throughout and a comparative analysis shall be carried out with regard to the changes it has brought about from previous EU anti-money laundering Directives, specifically the Third AML Directive. Apart from analyzing the impact of the new AML provisions on Maltese legislation, other jurisdictions shall also be taken into consideration, so as to better highlight the effect of this new Directive on cross-border jurisdictions and businesses. Furthermore, the main pitfalls of AMLD4 shall be examined and possible solutions for future ameliorations shall be put forward.en_GB
dc.publisherEuropean Law Students' Association Maltaen_GB
dc.subjectMoney laundering -- Law and legislation -- European Union countriesen_GB
dc.subjectTerrorism -- Finance -- Law and legislation -- Malaysia -- European Union countriesen_GB
dc.subjectCommercial crimes -- European Union countriesen_GB
dc.titleThe Fourth EU Anti-Money Laundering Directive : an academic overviewen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publication.titleELSA Malta Law Reviewen_GB
Appears in Collections:ELSA Malta Law Review : Volume 6 : 2016
ELSA Malta Law Review : Volume 6 : 2016

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