Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/51469 
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dc.contributor.authorChong, Albertoen
dc.contributor.authorLópez-de-Silanes, Florencioen
dc.date.accessioned2010-02-23-
dc.date.accessioned2011-11-18T11:47:58Z-
dc.date.available2011-11-18T11:47:58Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/51469-
dc.description.abstractThe recent wave of terrorist attacks has increased the attention paid to money laundering activities. Using several methodologies, this paper investigates empirically the determinants of money laundering and its regulation in over 80 countries by assembling a cross-country dataset on proxies for money laundering and the prevalence of feeding activities. The paper additionally constructs specific money laundering regulation indices based on available information on laws and their mechanisms of enforcement and measures their impact on money laundering proxies. The paper finds that tougher money laundering regulations, particularly those that criminalize feeding activities and improve disclosure, are linked to lower levels of money laundering across countries; the results are robust to potential endogeneity of money laundering regulation. The relevance of historical factors in explaining the variation of money laundering regulation across countries sheds light on theories of institutions and provides room for further action, particularly in the areas of the law that improve the impact of criminalization, including liability of intermediaries, reductions of the burden of proof and better disclosure.en
dc.language.isoengen
dc.publisher|aInter-American Development Bank, Research Department |cWashington, DCen
dc.relation.ispartofseries|aWorking Paper |x590en
dc.subject.jelK40en
dc.subject.jelG10en
dc.subject.ddc330en
dc.subject.keywordMoney launderingen
dc.subject.keywordregulationen
dc.subject.keywordlawsen
dc.subject.keywordcrimeen
dc.subject.keywordenforcementen
dc.subject.stwGeldwäscheen
dc.subject.stwWelten
dc.titleMoney laundering and its regulations-
dc.typeWorking Paperen
dc.identifier.ppn585535043en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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