PREVENTING MONEY LAUNDERING

Money laundering is criminalised virtually all around the world and has been a law enforcement priority since the early 1990s. The international nature of money laundering, combined with estimations on the scope and the distorting effects it may brin
g about, make it a grave danger to society due to its strong interaction with organised drugs and white-collar crime. Over the years a ''twin-track approach''has been developed, aiming at the prevention of money laundering on the one hand, and punish
ing the money launderers on the other. This publication analyses the effectiveness of the anti-money laundering supervision of banks, real estate agents and accountants in the Netherlands, Spainand the UK. It thoroughly analyses the legislation, the
institutional settings and competences of anti-money laundering supervisors, as well as the application of these competences in practice. Based on this analysis, a number of recommendations for the EU legislators and the national legislators are form
ulated in order to strengthen and increase the effectiveness of anti-money laundering supervision.