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The article analyses what the third EU Directive on AML (anti-money laundering) and risk management means in terms of democratic accountability when the banking sector is given a role that is traditionally the prerogative of the public actors. The comparison between the UK and Sweden on the private actors' role in various stages of the risk-based decision process shows that the procedures used could jeopardize the traditional liberal understanding of democratic accountability. Adapted from the source document.

In addition to traditional established types of entities i.e., government, the marketplace, and civil society there has been a growing trend in recent years toward partnerships between organizations in the public and private spheres. Organizations can form partnerships but at the same time remain separate, autonomous entities. The manner in which such partnerships are organized and regulated is examined. For data-gathering purposes, plans are underway to conduct comprehensive interviews of private and public actors. Adapted from the source document.