Global

Mark Yeandle, Z/Yen and Shaun Curtis, Corporation of London. To obtain a free hard-copy of this report, please contact Dr Shaun Curtis, Economic Development Office, Corporation of London (shaun.curtis@corpoflondon.gov.uk) or download a PDF copy at http://www.cityoflondon.gov.uk/economicresearch

Anti-money laundering requirements: costs, benefits and perceptions

Reputation is central to the City of London’s continued success as an international financial business centre. Companies are drawn to the London cluster for a host of reasons, but underpinning them all is the belief that London, and the UK generally, affords an open, equitable and honest environment in which to conduct business. Previous research has shown that when regulation is fair and proportionate, international companies are drawn to these benefits. By entering a market where standards are high, a company’s reputation can be enhanced.