This study investigates the efficiency of suspicious transaction reporting activity to a financial intelligence unit as a means to deter money laundering. Baseline and two-province theoretical models are used to frame the empirical analysis. The latter examines the relationship between suspicious transaction reporting and the vulnerability of Italian provinces to money laundering from 2009 to 2013. Instrumental variables and spatial analysis are exploited to identify the role of suspicious transaction reporting on vulnerability. The results provide a positive assessment of the risk-based mechanism of reporting suspicious operations to the financial intelligence unit, although ‘congestion’ problems from overreporting are observed.
dalla Pellegrina, L., Di Maio, G., Masciandaro, D., Saraceno, M. (2020). Organized crime, suspicious transaction reporting and anti-money laundering regulation. REGIONAL STUDIES, 54(12), 1761-1775 [10.1080/00343404.2020.1772963].
Organized crime, suspicious transaction reporting and anti-money laundering regulation
dalla Pellegrina L.;Di Maio G.
;Saraceno M.
2020
Abstract
This study investigates the efficiency of suspicious transaction reporting activity to a financial intelligence unit as a means to deter money laundering. Baseline and two-province theoretical models are used to frame the empirical analysis. The latter examines the relationship between suspicious transaction reporting and the vulnerability of Italian provinces to money laundering from 2009 to 2013. Instrumental variables and spatial analysis are exploited to identify the role of suspicious transaction reporting on vulnerability. The results provide a positive assessment of the risk-based mechanism of reporting suspicious operations to the financial intelligence unit, although ‘congestion’ problems from overreporting are observed.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.