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唐朱昌
唐朱昌
教授,博士生导师。现任复旦大学中国反洗钱研究中心常务副主任,复旦...
严立新
严立新
复旦大学经济学院、金融研究院副教授,中国反洗钱研究中心执行主...
陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
李小杰
李小杰
安永金融服务风险管理、咨询总监,曾任蚂蚁金服反洗钱总监,复旦大学...
周锦贤
周锦贤
周锦贤先生,香港人,广州暨南大学法律学士,复旦大学中国反洗钱研究中...
童文俊
童文俊
高级经济师,复旦大学金融学博士,复旦大学经济学博士后。现供职于中...
汤 俊
汤 俊
中南财经政法大学教授,计算机科学与技术专业工学博士,复旦大学理论...
李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
高增安
高增安
复旦大学中国反洗钱研究中心特聘研究员,专事反洗钱与贸易领域的研...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任快钱支付清算信息有限...
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上传时间: 2019-03-12      浏览次数:121次
AML Scandals Prompt Decrease In European Foreign Deposits


https://www.pymnts.com/news/security-and-risk/2019/aml-foreign-deposits-euro-zone/

 

In the wake of a slew of European money laundering scandals, deposits in the euro zone region from foreign countries dropped significantly in the latter half of 2018.

 

Reuters reported that money laundering cases are often associated with large amounts of foreign deposits and uneven capital flowing between borders.

 

For example, the now shuttered ABLV bank in Latvia, along with the Estonian branches of Danske Bank and Swedbank, have all been implicated with Russian money that could have dubious origins.

 

The lessening of deposits came around the same time that prosecutors started an investigation in July in the Danske Bank Estonia branch.

 

Foreign deposits in the 19-country bloc went down 12 percent (150 billion euros) to 1.1 trillion euros ($1.2 trillion) in the second half of last year, according to European Central Bank data. That’s a difference is 150 billion euros.

 

Some countries didn’t see a drop in deposits, however, like Finland and Portugal.

 

The issue isn’t with foreign deposits in general, because getting money from affluent firms or individuals is seen as a legitimate business endeavor. However, the risks associated with non-resident deposits carry the most potential for trouble, because they are harder to regulate.

 

This is especially true when foreign money makes up a large amount of the total number of deposits.

 

“A high share of non-resident deposits is an indicator of higher money-laundering risks,” said Laure Brillaud of anti-corruption group Transparency International.

 

The former Latvian government set a cap on foreign deposits after the collapse of ABLV, at 5 percent. The new government got away with the cap, and foreign deposits have been continuously falling, and they now account for 12 percent of the 16 billion euros in all deposits.

 

Most euro zone states saw a decrease of 8 percent in December, down from 9 percent six months before. Estonian foreign deposits are at less than 3 percent, but in Finland, foreign funds are growing.

 

Luxembourg has the most foreign deposits, at 17 percent. Germany, Italy and France are all below 4 percent. France and the Netherlands are around 16 percent.