Money Laundering, Risk Assessment and Economic Sectors

• In Event: IASOC Presents: Money Laundering Risk Assessment: Research Challenges and Implications for Practitioners

Abstract

Current money laundering policies often rely on the same prescribed instruments for many economic sectors. For 'risk based' policies, however, it is important to know in which economic sectors money laundering risks are relatively higher. This paper builds upon work conducted as part of project IARM and focuses on money laundering and risk assessment in the Netherlands. In this paper, we discuss theoretically and empirically how these risks can be measured and we present results based on data regarding economic sectors in the Netherlands.

Authors

• Edward Kleemans, VU School of Criminology - Vrije Universiteit Amsterdam

• Joras Ferwerda, Utrecht School of Economics, Utrecht University