The robustness of EU financial crimes legislation: a critical review of the EU and UK anti-fraud and money laundering scheme

Abstract:

The paper investigates the European Union’s (EU) fight against crime as partly one of establishing the EU as an 'Area of Freedom, Security and Justice' (AFSJ) and partly one of facilitating the EU internal market. We discuss the EU law on the fight against fraud and money laundering by zooming in on some recent and pertinent legal measures such as the Fourth Money Laundering Directive and the recent proposal for a Directive on Fraud. In addition, we address the key challenges in the United Kingdom when complying with the EU guidelines and possible consequences of Brexit.