Hvitvaskingsreguleringens kostnader
Journal article, Peer reviewed
Permanent lenke
http://hdl.handle.net/11250/174590Utgivelsesdato
2009Metadata
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Originalversjon
Larsson, Paul & Magnusson, Dan (2009). Hvitvaskingsreguleringens kostnader. Nordisk tidsskrift for kriminalvidenskab, 96(1), 3-25.Sammendrag
The aim of this study is to estimate the costs of implementing anti-money
laundering regulations in Norway and Sweden. The banks are the central
institutions in this respect and the study shows that the annual costs of these
regulations are approximately 400 million SEK in Sweden and 200 million NOK
in Norway. It is difficult to estimate the effects of anti-money laundering
regulations upon the magnitude of money laundering itself. There is little
evidence that these regulations have had any noteworthy preventive effect
upon either the original criminality that gives rise to illegal earnings or the
illegal endeavours, e.g., terrorism, to which these earnings are sometimes
applied. It is, however, possible that the regulations strengthen the security
and integrity of the financial institutions themselves. The use of intelligence
in connection with investigations of financial crimes and other types of
criminality can be seen as another positive outcome. There are also nonfinancial
costs associated with these anti-money laundering regulations.
The loss of secrecy in the banks and the increase of supervision within one
more area of private life can be seen as the most serious. The regulations
can also have unintended costs by contributing to the marginalization of
vulnerable groups of bank customers. The article ends with some suggestions
for reforms that may be helpful as a basis for a more precise cost/benefit
evaluation of anti-money laundering regulations