Author page: Kuryanov Alexander M.

On certain aspects of the EU policy on decriminalization of the credit and financial sector and reduction of risks of money laundering

DOI: 10.33917/mic-5.94.2020.99-106

The risks of money laundering and terrorist financing remain a serious concern in the European Union (EU), including in the context of ensuring the integrity of the Union’s financial system, as well as the safety of its citizens. According to Europol, up to 0,7-1,28% of the annual gross domestic product of the European Union is «identified as associated with suspicious financial activity». Therefore, combating money laundering and terrorist financing is a priority for the EU and an important component of its security policy.