A great diversity spans the 27 EU member states reflected not only in cultural, political and economic terms, but also in terms of the countries individual and collective exposure to organized crime and money laundering activities. As such, isolating the risk of organized crime activities and in particular money laundering activities, to any one particular country could be a risk in itself.
The risk of organized crime and money laundering is not limited to so-called high-risk regions such as Southeastern Europe and Italy to name a few. Those countries that are linked either directly or indirectly to activities and transactions from these geographic regions are equally exposed to the risk of money laundering activities.
This article was first published in the November/December Vol. 7 No. 6 edition of ACAMS Today, a publication of the Association of Certified Anti-Money Laundering Specialists (ACAMS) copyright 2008 (www.acams.org). Originally publish 01/11/2008.
Full article can be found here.