Series: IMF Working Papers
Author(s): Elöd Takáts
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2007
Keywords: USA Patriot Act, Disclosure, Auditing, law enforcement, terrorism, law enforcement agencies, terrorism financing, Financial Institutions and Services: Government Policy and Regulation, Regulated Industries and Administrative Law, Economics of Regulation
The paper shows how excessive reporting, called "crying wolf", can dilute the information value of reports. Excessive reporting is investigated by undertaking the first formal analysis of money laundering enforceme...