Financing Terrorism
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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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International Breeds International: From Lashkar-E-Taiba’s Underpinnings To Its Operations
Abstract: Contrary to lay misconceptions about its ‘regionality’, this paper uses primary and secondary sources to show that Lashkar-e-Taiba has always had a global agenda that would inevitably lead to international operations—despite its initial focus on Kashmir. Importantly, this agenda is rooted in Hafiz Saeed’s Salafist ideology, including a history that includes international jihadist influences… 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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