Template-type: ReDIF-Paper 1.0
Author-Name: Lucia Dalla Pellegrina
Author-Name: Giorgio Di Maio
Author-Name: Donato Masciandaro
Author-Name: Marherita Saraceno
Title:Detecting the Fifty Shades of Grey: Local Crime, Suspicious Transaction Reporting and Anti-Money Laundering Regulation
Abstract:This paper investigates the efficiency of the suspicious transaction reporting (STR) activity to the Financial Intelligence Unit (FIU) as a means to deter money laundering. A baseline theoretical model is used as a framework to guide the empirical analysis of the relationship between STR and the vulnerability of Italian provinces to money laundering in the 2008-2013 period. 
Instrumental variables are used to limit the problems stemming from the endogenous nature of the number of reports to the FIU with respect to vulnerability. Results provide a positive assessment of the riskbased mechanism of reporting suspicious operations to the FIU.
Classification-JEL:K14, K20, K42
Keywords:Money laundering; Suspicious transaction reporting; Vulnerability
Length: 37 pages 
Number: 1893
Creation-Date: 2018
File-URL: https://repec.unibocconi.it/baffic/baf/papers/cbafwp1893.pdf
File-Format: application/pdf
File-Size: 533
Handle: RePEc:baf:cbafwp:cbafwp1893