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dc.contributor.advisorRācenaja, Ieva
dc.contributor.authorBuyanova, Vlada
dc.contributor.otherRiga Graduate School of Law
dc.date.accessioned2020-03-04T08:52:04Z
dc.date.available2020-03-04T08:52:04Z
dc.date.issued2019
dc.identifier.urihttps://dspace.lu.lv/dspace/handle/7/50060
dc.description.abstractMoney laundering was and is a subject of great concern for many global financial institutions and national governments, as it is a crime with significant consequences. The European Union took several initiatives in order to strengthen its anti-money laundering framework. Thus, the 5th European Union Anti-Money Laundering Directive was adopted in June 2018. The research question of this paper is - what are the main requirements of the 5th European Union Anti-Money Laundering Directive and their impact on financial institutions? The author answers this question by employing doctrinal legal research and interdisciplinary methods. The obtained answer states that the Fifth Directive significantly strengthened the EU anti-money laundering defense, but also added high costs to financial institutions. However, further research is recommended in order to find possible practical and legal solutions to money laundering offenses and investigate the influence of developing legal instruments on the work of financial institutions.en_US
dc.language.isoengen_US
dc.publisherRiga Graduate School of Lawen_US
dc.rightsinfo:eu-repo/semantics/restrictedAccessen_US
dc.subjectResearch Subject Categories::LAW/JURISPRUDENCE::Other law::European lawen_US
dc.subjectMoney launderingen_US
dc.titleAnalysis of the Fifth European Union Anti-Money Laundering Directive and its impact on financial institutionsen_US
dc.typeinfo:eu-repo/semantics/bachelorThesisen_US


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