School of Business and Management Department of Finance 200 Department of Finance Trade Shows and Supply Chain Formation Supervisor: BISETTI Emilio / FINA Student: GUO Liangyu / ECOF LAI Cheuk Lam / ECOF LI Junmei / RMBI LOO Chung Wa / FINA WU Kunxiong / QFIN XU Yibei / FINA Course: UROP1100, Spring UROP1100, Spring UROP1100, Spring UROP1100, Spring UROP1100, Spring UROP1100, Spring Money laundering often hinges upon serious crimes to hide illegal cash flows. In the 1980s, some regional organizations, such as the European Union and the Organization of American States, came up with a global set of measures to avoid this issue among Western countries. As one of the fastest-developing regions, Asia has also increased its anti-money laundering (AML) measures over the past few years. This report aims at examining the effectiveness and stringency of AML laws among 19 major Asian Development Bank members. It relies on 40 Recommendations from mutual evaluation reports of The Financial Action Task Force (FATF) to develop a rating system. Concerning stringency, the report also builds regression models to assess the impact of AML legislation on international trade and economic growth in both developed and developing regions. It indicates that the region's economic performance has improved since the AML law was changed. Trade Shows and Supply Chain Formation Supervisor: BISETTI Emilio / FINA Student: SHYONG Tien Chi / QFIN WU Chen / FINA YAN Ely / FINA ZHANG Zirui / ACCT Course: UROP1100, Summer UROP1100, Summer UROP1100, Summer UROP1100, Summer FATF (Financial Action Task Force) is the most influential anti-money laundering and anti-terrorist financing organization in the world. The organization regularly evaluates the effectiveness of anti-money laundering efforts in various countries. Before the fourth round of FATF evaluation in 2019, many countries in Asia had revised their anti-money laundering laws. The purpose of this report is to explore whether the legal amendments in the 10 Asian countries were well-planned or acted unexpectedly. After reading the relevant news and government reports, we believe that only the legal revisions in Taiwan and India were unexpected, and the legal revisions of the other countries were all well-planned. The report discusses the actual situation of each country (region) on a country-by-country basis.
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