by Maria BERGSTROM, Karin SVEDBERG HELGESSON (English)
A new role for for-profit actors? The case of anti-money laundering and risk management.
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.
Journal/Publisher: Journal of Common Market Studies, Volume 49, Issue 5
Co-author/s: Ulrika MORTH
Publication type: Article
Number of pages/Page range: 1043-1064
Language/s (content): English
Date of publication: 01-09-11
Personal data
Full name Maria BERGSTROM
Current occupation Member
University/Institution Uppsala University
Address Box 512
Postal code 751 20 Uppsala
Telephone 0045 35 32 33 42