A New Role for For-profit Actors? : The Case of Anti-Money Laundering and Risk Management
2011 (English)In: Journal of Common Market Studies, ISSN 0021-9886, E-ISSN 1468-5965, Vol. 49, no 5, 1043-1064 p.Article in journal (Refereed) Published
The article analyses what the third EU Directive on AML (anti-money laundering) and risk management means in terms of democratic accountability when the banking sector is given a role that is traditionally the prerogative of the public actors. The comparison between the UK and Sweden on the private actors' role in various stages of the risk-based decision process shows that the procedures used could jeopardize the traditional liberal understanding of democratic accountability.
Place, publisher, year, edition, pages
Chichester: Wiley-Blackwell, 2011. Vol. 49, no 5, 1043-1064 p.
Anti-money laundering, risk management, public private partnership
Law and Society
Research subject European (Integration) Law; European (Integration) Law
IdentifiersURN: urn:nbn:se:uu:diva-146466DOI: 10.1111/j.1468-5965.2010.02167.xOAI: oai:DiVA.org:uu-146466DiVA: diva2:398231
FunderSwedish Research Council