TY - JOUR
TI - Correspondent relationship of credit institutions vis-à-vis money laundering and terrorist financing
AU - Daudrikh, Yana
TI - Correspondent relationship of credit institutions vis-à-vis money laundering and terrorist financing
AB - This paper deals with the legal relationship between correspondent and respondent banks as part of a correspondent transaction. At the same time, the author analyses the performance of the due diligence on the respondent bank. In the last chapter, the author reflects on the existing application problems, supporting the currently growing trend of decreasing the number of new correspondent relationships. The primary objective of this paper is to establish, through comprehensive research on the existing legal regulation of correspondence relations at the European Union and Slovak Republic levels, a hypothesis regarding the interdependence between current application problems and the diminishing trend observed in new correspondence relations. Following scientific methods were used in this paper: the method of analysis and synthesis, method of abstraction, comparative method.
VL - 2023
IS - Issue 30 (2)/2023
PY - 2023
C1 - 2299-6834
SP - 32
EP - 48
DO - 10.4467/22996834FLR.23.006.18344
UR - https://ejournals.eu/en/journal/financial-law-review/article/correspondent-relationship-of-credit-institutions-vis-a-vis-money-laundering-and-terrorist-financing
KW - AML
KW - correspondent and respondent banks
KW - correspondent banking