Dolar, Burak; Shughart II, William F. - In: Global Finance Journal 22 (2011) 1, pp. 19-31
In this paper, we test whether or not banking regulators have followed a risk-based approach in the enforcement of the USA Patriot Act's anti-money laundering (AML) provisions. In order to do so, we compare the financial performances of banking institutions operating branches inside and outside...