Masciandaro, Donato; Filotto, Umberto - In: Journal of Money Laundering Control 5 (2001) 2, pp. 133-145
The objective of this paper is to illustrate the link between the effectiveness of the anti‐money laundering regulations and the characteristics of the compliance costs involved for banks. The work is set out as follows. The next section describes the economic framework, which starts with the...