De-risking: Una consecuencia indeseada del enfoque basado en el riesgo aplicado por los bancos en materia de prevenciÓn del lavado de activos y financiamiento del terrorismo

Translated title of the contribution: De-risking: An unintended consequence of the risk-based approach applied by banks regarding money laundering and terrorist financing prevention

Research output: Contribution to journalArticlepeer-review

Abstract

In recent years, it has been observed that several banks around the world have decided not to initiate, or terminate, pre-existing commercial relationships with clients considered to be of higher risk regarding money laundering and/or terrorist financing (ML/TF). The study of this phenomenon, known as de-risking, is the main objective of this work. The article reviews the context in which this practice has been originated, examines the main causes and repercussions attributed to it in relation to the prevention of ML/TF, as well as those categories of clients affected by it, both in Chile and abroad, and identifies some possible ways of solving this phenomenon.

Translated title of the contributionDe-risking: An unintended consequence of the risk-based approach applied by banks regarding money laundering and terrorist financing prevention
Original languageSpanish
Pages (from-to)1-24
Number of pages24
JournalRevista Chilena de Derecho
Volume47
Issue number1
DOIs
StatePublished - Apr 2020
Externally publishedYes

Fingerprint

Dive into the research topics of 'De-risking: An unintended consequence of the risk-based approach applied by banks regarding money laundering and terrorist financing prevention'. Together they form a unique fingerprint.

Cite this