Template-Type: ReDIF-Article 1.0
Author-Name: Nataliya Yu. Tanyushcheva
Author-Email: n.tanyushcheva@yandex.ru
Author-Workplace-Name: Astrakhan State University, Astrakhan 414056, Russian Federation
Title: Background of Anti-Money Laundering Regulation in Modern Economic Theory
Abstract: The FATF (Financial Action Task Force) obtained the status of an intergovernmental organization, and published the first edition of anti-money laundering standards (40 Recommendations) in 1999. Economists have investigated money laundering typologies, as well as the principles, objectives, and financial instruments of anti-money laundering control, which are formed and implemented by governments and financial organizations in pursuance of anti-money laundering standards. At the same time, all authors mention FATF standards as something unshakable, not subject to discussion. The theory and methodology of anti-money laundering regulation's impact on financial institutions, national financial systems, international finance, and macroeconomics have been developing fragmentarily. We study the known forms of supranational regulation of financial sectors and the vector of their evolution, and present the prerequisites of anti-money laundering associated with the negative impact of money laundering on the economy and society.
Classification-JEL: E26, F38, F65
Keywords: anti-money laundering regulation, FATF, money laundering, anti-money laundering regime
Journal: Finansovyj žhurnal — Financial Journal
Pages: 96-107
Issue: 6
Year: 2019
Month: December
DOI: 10.31107/2075-1990-2019-6-96-107
File-URL: https://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2019/6/statii/fm_2019_6_07.pdf
File-Format: Application/pdf 
Handle: RePEc:fru:finjrn:190607:p:96-107