Anti – Money Laundering Regulations in Europe – Comparative Analysis

Abstract

The purpose of the paper was to introduce anti money laundering regulations in the European countries. It was made an analysis of existing researches on the presented topics. There were presented law determinants which can influence on the number of transactions suspected for money laundering. The phenomenon of reporting suspicious transactions of money laundering in the banking sector is dependent on factors such as: variables connected with transactions, the policy restrictiveness against money laundering, the risks of money laundering and the level of economic development. In the article were analysed 47 European countries and received findings were compared with the emerging markets. For better understanding problem were used panel data estimation methods.