Banksekretessens påverkan på penningtvättsarbetet i svenska storbanker - Med fokus på effektivitet och bevisinsamling
(2024) NEKP01 20241Department of Economics
- Abstract
- The thesis investigates how employees in the anti-money laundering departments of Sweden's four major banks perceive the impact of bank secrecy on their ability to combat money laundering. Through an analysis of the results from a survey study, the thesis aims to provide insight into whether bank secrecy effectively balances anti-money laundering legislation or if there is a need for greater information sharing. The issue is examined from both an efficiency perspective and by exploring whether bank secrecy legislation limits the ability to collect sufficient evidence. Based on the theory that a higher probability of detection reduces the incidence of money laundering crimes, the thesis examines how the effects of bank secrecy may weaken... (More)
- The thesis investigates how employees in the anti-money laundering departments of Sweden's four major banks perceive the impact of bank secrecy on their ability to combat money laundering. Through an analysis of the results from a survey study, the thesis aims to provide insight into whether bank secrecy effectively balances anti-money laundering legislation or if there is a need for greater information sharing. The issue is examined from both an efficiency perspective and by exploring whether bank secrecy legislation limits the ability to collect sufficient evidence. Based on the theory that a higher probability of detection reduces the incidence of money laundering crimes, the thesis examines how the effects of bank secrecy may weaken this deterrent effect according to the experiences of bank employees. Additionally, it investigates whether the employees believe that more solved crimes lead to a reduction in financial crime, in line with the theory. The results show that bank secrecy is perceived as an obstacle to their work, both in terms of efficiency and evidence collection. This leads to inefficient resource allocation and may reduce the number of solved crimes, which in turn results in increased costs for both the banks and society at large. Most of the respondents share the belief that a higher rate of solved crimes would reduce the occurrence of money laundering, and that access to more customer information would facilitate both the detection of suspicious transactions and the ability to dismiss suspicion. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9174049
- author
- Spanier, Claudia LU
- supervisor
- organization
- course
- NEKP01 20241
- year
- 2024
- type
- H2 - Master's Degree (Two Years)
- subject
- keywords
- Penningtvätt, banksekretess, informationsdelning, samhällskostnader, effektivitet
- language
- Swedish
- id
- 9174049
- date added to LUP
- 2024-10-01 13:20:18
- date last changed
- 2024-10-01 13:20:18
@misc{9174049,
abstract = {{The thesis investigates how employees in the anti-money laundering departments of Sweden's four major banks perceive the impact of bank secrecy on their ability to combat money laundering. Through an analysis of the results from a survey study, the thesis aims to provide insight into whether bank secrecy effectively balances anti-money laundering legislation or if there is a need for greater information sharing. The issue is examined from both an efficiency perspective and by exploring whether bank secrecy legislation limits the ability to collect sufficient evidence. Based on the theory that a higher probability of detection reduces the incidence of money laundering crimes, the thesis examines how the effects of bank secrecy may weaken this deterrent effect according to the experiences of bank employees. Additionally, it investigates whether the employees believe that more solved crimes lead to a reduction in financial crime, in line with the theory. The results show that bank secrecy is perceived as an obstacle to their work, both in terms of efficiency and evidence collection. This leads to inefficient resource allocation and may reduce the number of solved crimes, which in turn results in increased costs for both the banks and society at large. Most of the respondents share the belief that a higher rate of solved crimes would reduce the occurrence of money laundering, and that access to more customer information would facilitate both the detection of suspicious transactions and the ability to dismiss suspicion.}},
author = {{Spanier, Claudia}},
language = {{swe}},
note = {{Student Paper}},
title = {{Banksekretessens påverkan på penningtvättsarbetet i svenska storbanker - Med fokus på effektivitet och bevisinsamling}},
year = {{2024}},
}