George Pavlidis- Professor
- Professor (Associate) at Neapolis University Pafos
George Pavlidis
- Professor
- Professor (Associate) at Neapolis University Pafos
UNESCO Chair & Jean Monnet Chair, Director JM Center of Excellence AI-2-TRACE-CRIME (EU-funded)
About
56
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Introduction
Director Jean Monnet Center of Excellence AI-2-TRACE CRIME (EU-funded); holder of a UNESCO Chair (since 2023) and a Jean Monnet Chair (EU-funded); Associate Professor of Int'l and EU Law (NUP, Cyprus); evaluator in EU programs (MSCA COFUND, EIT-HEI, DigiCirc, etc); Certified AML Compliance Officer (CySEC); associated expert in the DCGI (Stanford University/ITU), ECOFEL(Canada) & NGI Enrichers Transatlantic Fellowship Program; member of Management Committee of the COST project GLITSS (EU-funded).
Current institution
Publications
Publications (56)
The lack of explainability of Artificial Intelligence (AI) is one of the firstobstacles that the industry and regulators must overcome to mitigate the risksassociated with the technology. The need for ‘eXplainable AI’ (XAI) is evident infields where accountability, ethics and fairness are critical, such as healthcare, creditscoring, policing and th...
Purpose
This paper aims to critically examine the digital transformation of anti-money laundering (AML) and countering the financing of terrorism (CFT) in light of the Financial Action Task Force (FATF) San Jose principles, the Organisation for Economic Co-operation and Development (OECD) principles for artificial intelligence (AI) and the proposed...
Purpose
This paper aims to critically examine the European Union’s legislative initiative to establish an Anti-Money Laundering Authority (AMLA), which will introduce union-level supervision and provide support to national supervisors in the field of anti-money laundering and countering the financing of terrorism (AML/CFT), as well as to financial...
HOW TO CITE THIS ARTICLE: G. Pavlidis, The Global Fight against Money Laundering: Informal Synergies between the FATF and the EU Listing of High-Risk Third Countries, Swiss Review of International & European Law, vol. 2022/1, pp. 23-40. ABSTRACT: The rise of informality in the area of Anti-Money Laundering/Combating the Financing of Terrorism (AML/...
HOW TO CITE THIS JOURNAL ARTICLE: Pavlidis, G. (2022), "International Regulation of Stablecoins: The Crowning Glory of the Digital Asset
Marketplace or Just a Fad?", Cyprus Law Review, Vol. 2 No. 2, pp. 194-199. ABSTRACT: This paper aims to critically examine whether stablecoins, a particular type of cryptocurrencies, would fit within existing regu...
El reciente escándalo en la República de Chipre concerniente a los regímenes de ciudadanía para inversores (“pasaportes de oro”) y residencia para inversores (“visados de oro”) ha puesto de manifiesto temores relacionados al blanqueo de capitales. Este estudio examina críticamente los desarrollos y propuestas recientes para la regulación y supervis...
Post-pandemic economic recovery plans favour sustainable growth and resort to the issuance of sustainable bonds, which is expected to increase exponentially in the following years. The challenge will be to build a credible, efficient, and transparent green bond market to drive the global green transition. Digitalization and standardization have the...
The Jean Monnet Chair of the NUP, with the support and funding of the European Union, welcomes contributions by young and senior scholars for the online publication series "NUP Jean Monnet Working Papers". We accept manuscripts on topics related to economic crime, money laundering, the financing of terrorism, corruption, asset recovery, asset freez...
A key component of Sustainable Development Goal 16 (SDG16) is the promotion of the rule of law, including the fight against money laundering and the financing of terrorism (AML/CFT). Artificial Intelligence (AI) can contribute to the reduction of illicit financial flows, the reduction of corruption, the recovery of stolen assets and the fight again...
In this presentation, we examine how ADR could best be embedded in digital assets transactions, in order to facilitate the rapid and cost-effective resolution of disputes that involve digital assets, cryptocurrency, smart contracts, DLT and FinTech applications. In this discussion, we aim to examine the strengths and weaknesses of the UK model, whi...
The expansion of the cryptocurrency market in the last 10 years has been exponential and a "watch and wait strategy" towards the regulation of crypto-assets is no longer appropriate and justifiable. Opportunely, the European Union (EU) has recognized the need for a digital finance strategy to address regulatory gaps and help relaunch and modernize...
Although the European Union (EU) has implemented initiatives and common rules regarding securities settlements, no similar integration initiatives have been proposed for the issuance and initial distribution of debt securities. The EU does not function as a single market given that issuers of euro debt instruments still have to use multiple and non...
Thirty years after its creation, the Financial Action Task Force (FATF) has become a prime example of a norm-building process that transcends the traditional avenues of public international law, while compelling a high level of compliance and assuring quick adaptation to norms and practices that better address money laundering and the financing of...
The purpose of this article is to critically examine two significant developments for the regulation and supervision of virtual assets and virtual assets services providers: the amendment of the Financial Action Task Force (FATF) Recommendation No 15 in October 2018 and the adoption of an Interpretative Note in June 2019. We argue that new FATF sta...
SUMARIO: I. El grupo de acción financiera y la lucha internacional contra el blanqueo de capitales y la financiación del terrorismo; II. Difuminar la dicotomía entre el derecho vinculante y los instrumentos de carácter no vinculante; III. Garantizar la implementación universal de los estándares del GAFI; IV. Expansión de los estándares del GAFI; V....
Purpose
This paper aims to critically examine whether it is timely and actionable for the European Union (EU) to adopt a global sanctions regime against corruption and how such a regime can be designed to maximise its efficiency. This paper argues that developing such a dedicated framework is necessary, feasible and supportive of the international...
Although international asset recovery is one of the key anti-corruption commitments under the United Nations Convention against Corruption and the African Union Convention on Preventing and Combating Corruption, a huge gap remains between commitments and implementation. The shortcomings of international asset freezes in the case of Libya, with bill...
The expansion of the cryptocurrency market in the last 10 years has been exponential and a ‘watch and wait strategy’ towards the regulation of crypto-assets is no longer appropriate and justifiable. Opportunely, the European Union (EU) has recognised the need for a digital finance strategy to address regulatory gaps and help relaunch and modernise...
Purpose
To critically examine recent developments and proposals for the regulation and supervision of ‘golden passport’ and ‘golden visa’ investment schemes in Europe. We argue that FATF standards constitute an appropriate response to money-laundering risks associated with such investment schemes, but the EU needs to introduce further common rules,...
Purpose
This paper aims to explore existing and proposed methods for enhancing asset recovery and targeting the proceeds of illicit trades and other types of criminal activity in the European Union (EU). Consistent and comprehensive implementation is needed at several levels (preventive measures, financial investigations, criminal proceedings and a...
In recent years, an alarming increase in the compliance costs and risks associated with anti-money laundering (AML) and combating the financing of terrorism has spurred fast-growing investment in Regulatory technology (RegTech) by financial institutions, big tech companies and RegTech start-ups. To improve compliance with Know-Your-Customer (KYC) s...
El Grupo de Acción Financiera (GAFI) constituye un excelente ejemplo del proceso de construcción de normas que trasciende las fuentes tradicionales y los mecanismos de aplicación del Derecho internacional público, al tiempo que exige un alto nivel de cumplimiento y asegura una rápida adaptación para abordar mejor el blanqueo de capitales y la finan...
Purpose
To critically examine two significant developments for the regulation and supervision of virtual assets and virtual assets services providers: the amendment of the Financial Action Task Force (FATF) Recommendation No 15 in October 2018 and the adoption of an Interpretative Note in June 2019. We argue that new FATF standards constitute an ap...
Although the European Union (EU) has implemented initiatives and common rules regarding securities settlements, no similar integration initiatives have been proposed for the issuance and initial distribution of debt securities. The EU does not function as a single market given that issuers of euro debt instruments still have to use multiple and non...
Purpose
This paper aims to examine three important interrelated issues that arise in the context of financial investigations: the access of law enforcement agencies to centralised bank account registries that have been set up in several jurisdictions; the exchange of financial information between financial intelligence units (FIUs) that function in...
Purpose
Thirty years after its creation, the Financial Action Task Force (FATF) has become a prime example of a norm-building process that transcends the traditional avenues of public international law, while compelling a high level of compliance and assuring quick adaptation to norms and practices that better address money laundering and the finan...
En los últimos años ha crecido la preocupación entre entes políticos, el mundo académico y el público en general sobre las estrategias agresivas implementadas por los ‘fondos buitre’ (‘vulture funds’) en los mercados de deuda soberana y sus efectos negativos, especialmente notorios en las economías de países en desarrollo. En ausencia de un mecanis...
HOW TO CITE THIS ARTICLE: G. Pavlidis, Strengthening Asset Recovery in the Context of International Criminal Court Proceedings in Light of FATF Standards, Swiss Review of International & European Law, vol. 2020/4, p. 521 ff.
ABSTRACT: The Assembly of States Parties to the Rome Statute has stressed the need to enhance international cooperation mech...
Purpose
This paper aims to investigate the idea of building responsible borrowing and lending into sovereign wealth fund (SWF) decision-making. SWFs, which currently manage US$8 trillion in assets, are influential institutional investors, but their role in sovereign debt markets needs to be further explored. In this context, this paper aims to crit...
Purpose
As a dynamic business and financial centre, the Republic of Cyprus is called upon to protect its economy and society from money laundering and criminal infiltration. To address these risks, the Republic of Cyprus has developed a comprehensive legal framework in compliance with the relevant international and EU standards. The purpose of thi...
Purpose
The purpose of this paper is to critically examine the strengths and weaknesses of a new European Union (EU) initiative attempting an interesting paradigm shift in the field of cross-border asset freezing and confiscation. The entry into force of the Lisbon Treaty and lessons learned from the manifest failure of past EU initiatives (Framewo...
HOW TO CITE THIS ARTICLE: G. Pavlidis, Recouvrement des avoirs illicites : un nouvel instrument européen sur le modèle de la loi suisse, Revue suisse de droit international et droit européen, vol. 29, Nº 1, 2019, p. 23 ff.
RESUME: Cet article soutient que l’Union européenne (UE) doit se doter de nouvelles règles en matière de recouvrement des avoi...
This paper investigates the idea of building responsible borrowing and lending into Sovereign Wealth Fund (SWF) decision-making. SWFs, which currently manage US$8 trillion in assets, are influential institutional investors, but their role in sovereign debt markets needs to be further explored. In this context, this paper critically assesses the lin...
Full-text article can be sent upon request.
Abstract : The European Union has learned from past failures and is attempting an ambitious paradigm shift by adopting Regulation 2018/1805, which implements the mutual recognition of freezing and confiscation orders. The new instrument addresses major weaknesses of previous EU initiatives and instrument...
How to cite this journal article/Comment citer cet article: Pavlidis, G. (2019), " Vers une nouvelle génération de clauses dans les contrats d'émission d'obligations souveraines", Revue internationale des services financiers, vol. 2019, n. 3, p. 102-109.
ABSTRACT: Les récentes crises financières, dont la crise de dette dans la périphérie de la zone...
In order to enhance the existing legal framework on asset recovery, the European Union (EU) will have to apply a ‘no safe haven’ policy to the proceeds of corruption and use all appropriate legal tools. We argue that a new EU instrument on asset recovery, modelled after the Swiss Law on Asset Recovery, would be a valuable addition to the EU’s legal...
The establishment of a European Monetary Fund (EMF) enjoys increasing academic and political support, though its advocates do not necessarily agree on the purpose and functions of such an institution. This paper aims to examine the features of the EMF that are relevant to sovereign debt restructuring. We argue that a European sovereign debt restruc...
The idea of “anti-vulture legislation”, i.e. domestic law dealing with holdout strategies and “vulture” litigation against a sovereign debtor in financial distress, differs radically from existing and proposed approaches to deal with sovereign debt crises, such as the contractual approach and the proposal for an international sovereign debt restruc...
Cette étude examine la question de la protection des droits de l'homme dans le contexte d’une crise de dette publique, en faisant entendre deux points de vue opposés: a) celui des investisseurs, en particulier, des porteurs d’obligations et b) celui des citoyens de l'Etat en «faillite». Les mécanismes existants de règlement des différences ne peuve...
Purpose
International asset recovery proceedings may be hindered by several obstacles, especially in the case of “failed states” or of states that experience a regime change. In this context, Switzerland, a country with extensive experience in asset recovery, attempted two legislative leaps forward, the first in 2011 and the second in 2016. The pu...
Full-text article can be sent upon request. ABSTRACT: The UK Bribery Act is an ambitious legislative initiative and the centerpiece of the British legal framework against corruption. In addition to the classic criminal offences (active and passive bribery, corruption in the public and in the private sector), the Bribery Act introduces a remarkable...
HOW TO CITE THIS BOOK CHAPTER:
A. Bredimas, A. Gourgourinis, G. Pavlidis, “The Legal Contours of Sovereign Debt Restructuring under the UNCTAD Draft Principles: Antagonism and Convergence between Standards of Domestic Insolvency law and International Investment Protection Law”, in: C. Esposito, Y. Lee and J.P. Bohoslavsky (eds.), Sovereign Financi...
The Structure of this Book
This brief chapter is in lieu of introduction to the notions organized in three main themes/parts throughout this volume. The first part discusses the actions taken by the euro-area in the effort to quell the negativities and transmission of the sovereign debt crisis that spreads across its member states. The second part...
La Suisse abrite une place financière importante, dont les représentants s’adressent à une clientèle internationale et gèrent environ 30% de la fortune privée mondiale offshore . Il n’est, dès lors, par surprenant qu’elle se trouve parmi les pays qui reçoivent de nombreuses demandes de coopération pénale internationale, souvent dans le cadre d’affa...
La confiscation fait partie des stratégies contre la criminalité, en particulier contre la délinquance financière; ces stratégies sont de plus en plus centrées sur les profits. Dans la première partie de l’étude, l’auteur examine les instruments internationaux contenant des dispositions relatives à la confiscation et à l’entraide aux fins de confis...
Ten years after Greece’s accession to EMU, the venture has proved to be almost a complete failure. Obviously, the country
joined EMU disappointingly unprepared. After EMU accession, Greece failed to seek the necessary adaptations. Its economic
policy was inconsistent with the economic logic and rules of the game of a monetary union. EMU did not in...
