Noragal Dasni Lakmalee Hemchandra
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Unfolding the Rationale Behind Suicide Terrorism as a Weapon of Choice
Abstract: There is a plethora of studies on suicide terrorism from different aspects, but researchers have failed to identify suicide attacks as a weapon of choice. This reluctance may stem from the fact that suicide terrorism does not fall under the strict terminology of ‘weapon’. Suicide attacks have been used as a weapon to accomplish Read more →
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Does A Suspicious Transaction Report Fulfil The Financial Action Task Force’s Intention
Abstract: The Financial Action Task Force (FATF) has prioritised identifying suspicious transactions carried out through the financial sector. The countries’ compliance with this recommendation is evaluated through mutual evaluation. This study sets out to understand what would be the objective of promulgating a recommendation on reporting suspicious transactions to the centralised authority of collecting suspicious Read more →
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How The Public Was Misled By The Promoters Of Pyramid Schemes
Abstract: The characteristics of a pyramid scheme consist of paying benefits based on the increase in the number of participants in the scheme or the increase in the contributions made by the participants in the scheme. Forming a pyramid scheme requires only one prerequisite. Even though pyramid schemes have one or two characteristics, people find Read more →
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National Risk Assessment on Money Laundering and Terrorist Financing: Lessons Learned
Abstract: As part and parcel of the international standards on combating money laundering and terrorism finance and proliferation, countries need to assess the risk of money laundering and terrorism financing. They should also ideally apply a risk-based approach to commensurate their economic resources according to the risk. To better understand the value of conducting a Read more →
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Implementing Anti-Money Laundering Laws: Challenges for Law Enforcement Authorities
Abstract: The Financial Action Task Force (FATF), as the policy setter on anti-money laundering and countering the financing of terrorism, recommends criminalising money laundering as an offence. Following those recommendations, countries have criminalised the offence of money laundering by enacting national laws. Although national policies are in place, their effectiveness must still be evaluated. To Read more →
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What Do We Know About Self-Finance Terrorism?
Abstract: The landscape of terrorist financing has transformed owing to the self-starter phenomenon, characteristics of terrorist organizations, self-funded terrorism, and weapons of choice. On a different note, nationally and internationally, financial institutions still rely on traditional counterterrorist financing policies. These policies against the financing of terrorism were drafted as a result of the 9/11 attacks Read more →
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The International Standards On Countering The Financing Of Terrorism
Abstract: International recommendations on countering the financing of terrorism have been accepted as the benchmark when drafting national policies against terror financing. Still, the international recommendations are yet to clarify what needs to be included in terrorist financing. This paper examines the necessity to revise the international standards catered to countering the financing of terrorism. Read more →
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Financing Of Terrorism And The Characteristics Of A Terrorist Group
Abstract: Countering the financing of terrorism has become a national policy of deep concern in every country, rightly so. With the influence of the G7’s Financial Action Task Force (FATF), every member country commits to implementing the FATF recommendations on terrorist financing, irrespective of the types of terrorist organizations that are restricted. Although the member Read more →
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