Portuguese anti-money laundering policy: A game theory approach

dc.contributor.authorJorge, Sílvia Ferreira
dc.contributor.authorFerreira, Ana Teresa
dc.contributor.authorJayantilal, Shital
dc.date.accessioned2017-07-12T09:44:56Z
dc.date.available2017-07-12T09:44:56Z
dc.date.embargo2018-07-31
dc.date.issued2017
dc.description.abstractThe fight against money laundering has taken center stage in the global arena. The European Union (EU), in line with various international organizations, plays an active role in the fight against this crime and promotes anti money laundering directions to its member states. The statistics regarding Portugal (a member of the EU since 1986) indicate that it lags behind most of the EU members in terms of reporting of suspicions of money laundering. This paper adopts a game theory approach to study the efficiency of the combat against money laundering in Portugal, both with regard to the financial and the non financial sector of the economy. Additionally, the paper studies the impact of the increase of sanctions, as recommended by the 4th Directive 2015/849 of the European Parliament and of the Council of 20th May of 2015, on that combat. The results show that the low probability of the institutions being caught (and fined) for not complying with their reporting duties, coupled with the low conviction rates for money laundering crimes, justifies the reduced number of suspicious transactions reported. The findings highlight that an increase of sanctions, on both financial and non financial institutions, would tend to augment the efficiency of the combat against money laundering in Portugal.pt_PT
dc.identifier.citationJayantilal, S., Jorge, S. F., & Ferreira, A. (2017). Portuguese anti-money laundering policy: A game theory approach. European Journal on Criminal Policy and Research, 23(4), 1-16. doi:10.1007/s10610-017-9347-0. Disponível no Repositório UPT, http://hdl.handle.net/11328/1899pt_PT
dc.identifier.doi10.1007/s10610-017-9347-0pt_PT
dc.identifier.issn1572-9869
dc.identifier.urihttp://hdl.handle.net/11328/1899
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherSpringerpt_PT
dc.rightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectBanking sector
dc.subjectNon financial Institutions
dc.subjectMoney laundering
dc.subjectGame theory
dc.titlePortuguese anti-money laundering policy: A game theory approachpt_PT
dc.typejournal articlept_PT
degois.publication.firstPage559
degois.publication.issue4
degois.publication.lastPage574
degois.publication.locationhttps://link.springer.com/article/10.1007/s10610-017-9347-0
degois.publication.titleEuropean Journal on Criminal Policy and Researchpt_PT
degois.publication.volume23
dspace.entity.typePublicationen
person.familyNameJayantilal
person.givenNameShital
person.identifier.ciencia-idD71E-5F7D-847C
person.identifier.orcid0000-0002-3355-876X
person.identifier.ridL-9367-2017
person.identifier.scopus-author-id57194408301
relation.isAuthorOfPublicatione0d7662b-bb5f-45f7-80ad-19b5520a63cd
relation.isAuthorOfPublication.latestForDiscoverye0d7662b-bb5f-45f7-80ad-19b5520a63cd

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