FATF
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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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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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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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