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Policy brief: Some recently discovered money laundering schemes have funnelled large amounts of illegal money from former soviet states through European banks. This note briefly describes the evolution of the Anti-Money Laundering (AML) regime for financial institutions, the introduction of which was concurrent with the post-soviet transition and the connected illegal flows of funds. It discusses the effectiveness of the current AML regime – and its ability to detect and seize illegal funds. The brief also highlights some of its deficiencies as well as lack of compliance with its prescriptions. It proceeds to stress that after judging the current framework insufficient, the US recently introduced whistleblower rewards for AML-infringements. Europe might want to follow their lead if it really aims at limiting money laundering.

On December 15th, Centre for Economic Policy Research (CEPR) will be organising an online book launch event of a new eBook co-edited by SITE researcher Giancarlo Spagnolo titled “Procurement in Focus: Rules, Discretion, and Emergencies”.

This year’s SITE Development Day conference will focus on environmental policy in Eastern Europe, with a particular emphasis on global warming, energy transformation, and energy security.

Congratulations to Anna Dreber Almenberg and Magnus Johannesson, Professors of Economics at the Department of Economics, whose project "Metascience" has recently been granted funding from Riksbankens Jubileumsfond.

Policy brief: The recently declassified proceedings of the Swedish Academy shed new light on why it awarded Aleksandr Solzhenitsyn the literature prize in 1970. His novels reflected unique experiences of many prisoners. The Academy characterized his work as a renewal of the great Russian literary tradition. However...

How does the fight against money laundering work? Are the regulations effective enough to detect and counter-strike money laundering? And what role can the whistleblower play in the fight against money laundering? Stockholm Institute of Transition Economics (SITE) researchers Giancarlo Spagnolo and Theo Nyreröd discussed money laundering and whistleblowers at SNS.

We are very proud to announce that Martina Björkman, Acting Mistra Professor of Sustainable Markets at MISUM and Associate Professor at the Department of Economics has been elected a new member of the European Economic Association (EEA) Executive Committee. Her term of office will run from January 2022 to December 2024.

In a recently published paper, Professor Lars Ljungqvist in the Stockholm School of Economics and Professor Thomas J. Sargent in the New York University further expand their theoretical work on the "fundamental surplus" in matching models.

In a recently published paper, Magnus Johannesson, Professor at the Department of Economics, and several co-authors created and made available a repository of DNA-based predictors, known as Polygenic indixes (PGIs). They also present a novel methodological approach to research analysis involving PGIs.

On Friday, October 15, 2021, in connection with the Ministerial meetings of the Swedish-Russian Steering Committee, the Stockholm School of Economics (SSE), the Russian Trade representation and Östkontoret hosted a high-level event on Circular Economy and Innovation. The discussion was introduced by Swedish Minister Anna Hallberg and Russian Minister Denis Manturov who then engaged in a panel discussion with distinguished representatives from leading Swedish and Russian companies.