Given the fast development of the field of AML Regulation, this Article aims
to answer the following questions: First, how is money laundering dealt with
and regulated on the EU level? Second, to which legal concerns do the chosen
regulatory strategy give rise? Accordingly, this Article provides an
overview of the various regulatory strategies in the global and EU regional
AML Regime while at the same time points out some of the most pressing legal
concerns in AML Regulation. These include the blurred line between
administrative and criminal law measures and the protection of individual
rights and fundamental freedoms including data protection and privacy issues
in administrative and criminal law contexts respectively. Although briefly
mentioning the global and international context, the focus of this Article
is the EU regulatory action, its outcome and critique, and possible
future.