Strategies to avoid blacklisting: The case of statistics on money laundering.
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ABSTRACT:
SUBMITTER: Ferwerda J
PROVIDER: S-EPMC6594610 | biostudies-literature | 2019
REPOSITORIES: biostudies-literature
Publications
Strategies to avoid blacklisting: The case of statistics on money laundering.
Ferwerda Joras J Deleanu Ioana Sorina IS Unger Brigitte B
PloS one 20190626 6
Financial and legal entities (e.g. banks, casinos, notaries etc.) have to report money laundering suspicions. Countries' engagement in fighting money laundering is evaluated-among others-with statistics on how often these suspicions are reported. Lack of compliance can result in economically harmful blacklisting. Nevertheless, these blacklists repeatedly become empty-in what is known as the emptying blacklist paradox. We develop a principal-agent model with intermediate agents and show that non- ...[more]
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