The Robustness of EU Financial Crimes Legislation: A Critical Review of the EU and UK Anti-Fraud and Money Laundering Scheme
38 Pages Posted: 2 Aug 2016 Last revised: 14 Jan 2019
Date Written: May 1, 2016
The paper investigates the European Union’s (EU) fight against crime as partly one of establishing the EU as an “Area of Freedom, Security and Justice” (AFSJ) and partly one of facilitating the EU internal market. We discuss the EU law on the fight against fraud and money laundering by zooming in on some recent and pertinent legal measures such as the Fourth Money Laundering Directive and the recent proposal for a Directive on Fraud. In addition, we address the key challenges in the United Kingdom when complying with the EU guidelines and possible consequences of Brexit.
Keywords: Financial crimes, fraud, money laundering, EU, UK European public prosecutor
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