Counter-terrorism, 'policy Laundering' and the FATF PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Counter-terrorism, 'policy Laundering' and the FATF PDF full book. Access full book title Counter-terrorism, 'policy Laundering' and the FATF by Ben Hayes. Download full books in PDF and EPUB format.
Author: Ben Hayes Publisher: ISBN: Category : Money laundering Languages : en Pages : 66
Book Description
This report examines the global framework for countering terrorist financing developed by the Financial Action Task Force (FATF) and other international law enforcement bodies. The report includes a thorough examination of the impact of FATF's 'Special Recommendation VIII' on countering the threat of terrorist financing said to be posed by non-profit organizations (NPOs). Developed out of a G7 initiative in 1990, the FATF's '40+9' Recommendations on combating money laundering (AML) and countering the financing of terrorism (CFT) are now an integral part of the global 'good governance' agenda. More than 180 states have now signed up to what is in practice, if not in law, a global convention. The report argues that a lack of democratic control, oversight and accountability of the FATF has allowed for regulations that circumvent concerns about human rights, proportionality and effectiveness. Countries subject to the FATF's Anti Money Laundering (AML)/Counter Terrorism Financing (CFT) requirements must introduce specific criminal laws, law enforcement powers, surveillance and data retention systems, financial services industry regulations and international police co-operation arrangements in accordance with FATF guidance. Participating countries must also undergo a rigorous evaluation of their national police and judicial systems in a peer-review-style assessment of their compliance with the Recommendations. Developed out of World Bank and IMF financial sector assessment programs, this process significantly extends the scope of the Recommendations by imposing extraordinarily detailed guidance on the measures states must take to comply with the 40+9 Recommendations. The rewards for FATF compliance are being seen as a safe place to do business; the sanctions for non-cooperation are designation as a 'non-cooperating territory' and international finance capital steering clear.
Author: Ben Hayes Publisher: ISBN: Category : Money laundering Languages : en Pages : 66
Book Description
This report examines the global framework for countering terrorist financing developed by the Financial Action Task Force (FATF) and other international law enforcement bodies. The report includes a thorough examination of the impact of FATF's 'Special Recommendation VIII' on countering the threat of terrorist financing said to be posed by non-profit organizations (NPOs). Developed out of a G7 initiative in 1990, the FATF's '40+9' Recommendations on combating money laundering (AML) and countering the financing of terrorism (CFT) are now an integral part of the global 'good governance' agenda. More than 180 states have now signed up to what is in practice, if not in law, a global convention. The report argues that a lack of democratic control, oversight and accountability of the FATF has allowed for regulations that circumvent concerns about human rights, proportionality and effectiveness. Countries subject to the FATF's Anti Money Laundering (AML)/Counter Terrorism Financing (CFT) requirements must introduce specific criminal laws, law enforcement powers, surveillance and data retention systems, financial services industry regulations and international police co-operation arrangements in accordance with FATF guidance. Participating countries must also undergo a rigorous evaluation of their national police and judicial systems in a peer-review-style assessment of their compliance with the Recommendations. Developed out of World Bank and IMF financial sector assessment programs, this process significantly extends the scope of the Recommendations by imposing extraordinarily detailed guidance on the measures states must take to comply with the 40+9 Recommendations. The rewards for FATF compliance are being seen as a safe place to do business; the sanctions for non-cooperation are designation as a 'non-cooperating territory' and international finance capital steering clear.
Author: Anne Imobersteg Harvey Publisher: BRILL ISBN: 9004359109 Category : Law Languages : en Pages : 287
Book Description
The book provides one of the first accounts of AML/CFT legislation in Australia, sets the international policy context, and outlines key international legal obligations. It assesses its effectiveness and its contribution to the erosion of democracy.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451831579 Category : Social Science Languages : en Pages : 14
Book Description
This report examines Palau’s observance of Standards and Codes on the Financial Action Task Force’s recommendations for antimoney laundering (AML) and combating the financing of terrorism (CFT). Palau has strengthened its AML/CFT legislative framework with the amendments to the Money Laundering and Proceeds of Crime Act of 2001 and the Financial Institutions Act of 2001, as well as the enactment of the Counter-Terrorism Act of 2007 and the Cash Courier Disclosure Act of 2007.
Author: OECD Publisher: OECD Publishing ISBN: 9264106111 Category : Languages : en Pages : 132
Book Description
The aim of this book is to make a significant contribution to guide countries in the financial war on terrorism. It is published by the Organisation for Economic Co-operation and Development on behalf of the Financial Action Task Force (FATF), the ...
Author: Jae-myong Koh Publisher: Springer Science & Business Media ISBN: 3540325190 Category : Law Languages : en Pages : 255
Book Description
The book analyses the development of international standards for countering terrorist financing from the perspective of international criminal law. It is likely to find its value for readers not only as a monograph on the financing of terrorism but also as a reference book on the operational and theoretical development of anti-money laundering strategy following 9/11. In particular, the works of main actors in this area such as the UN Security Council, Financial Action Task Force, IMF, World Bank, and APG are dealt with in depth.
Author: Nkechikwu Valerie Azinge-Egbiri Publisher: Routledge ISBN: 1000351750 Category : Business & Economics Languages : en Pages : 159
Book Description
This book analytically reviews the impact of the global anti-money laundering and counter-terrorist financing (AML/CFT) framework on the compliance trajectory of a number of jurisdictions to this framework. The work begins by examining the international financial sector reform and its evolution to inculcate the global framework for AML/CFT regulations. It challenges the resulting uniform AML/CFT due to its paradoxical impact on the compliance trajectory of African countries and emerging economies (ACs/EEs). This is done through an examination of the pre-conditions for effective regulation and compliance drivers for ACs/EEs that reveals the behavioural impact of the AML/CFT standards on the bloc of countries. Through the application of agency theory, it explores the relationship between ACs/EEs on the one hand and the international financial institutions that formulate, disseminate and facilitate compliance with the global framework for AML/CFT standards on the other. The remaining chapters review empirically the compliance pressures and resulting compliance trajectory of ACs/EEs with the AML/CFT standards. The final part of the book provides a detailed explanation of the compliance challenges of ACs/EEs and the legitimacy concerns that facilitate this. This book offers a new direction on the impact of global AML/CFT standards on ACs/EEs and contributes to the understanding of the conditions under which the global standards are likely to facilitate proactive compliance within these blocs of countries. As such it will be a valuable resource for academics, researchers and policy-makers working in this area.
Author: Financial Action Task Force Publisher: FATF-GAFI ISBN: Category : Business & Economics Languages : en Pages : 144
Book Description
The Financial Action Task Force is the international co-ordinator of the financial war against terrorism. It has 33 members who work together as a network of governments, regional and international organisations. This book brings together recommendations, guidelines and operational templates. It illustrates how terrorists hide their money and shows the ways that financial institutions, regulators and law enforcement agencies need to work together to root them out. It is in two parts: terrorist financing and money laundering.
Author: Burke Uğur Başaranel Publisher: Routledge ISBN: 0429953380 Category : Law Languages : en Pages : 310
Book Description
Since the 9/11 attacks the world has witnessed the creation of both domestic and international legal instruments designed to disrupt and interdict the financial activities of terrorists. This book analyses the counter-terrorist financing law (CTF), policy and practice at the national level, focusing on Turkey. The work examines the limits and capabilities of CTF efforts on terrorism threats and determines the effectiveness of CTF efforts in Turkey, a country which has a pivotal role in terms of countering terrorism regionally and internationally. The Turkish case-study is supported by an empirical study involving 37 semi-structured interviews with CTF practitioners and law enforcement experts with different affiliations and backgrounds. The findings illustrate that Turkey’s CTF system has not obtained an adequate level of effectiveness as a result of lack of proper implementation of its policy in the bureaucratic, legal and operational spheres. It is evident that the administrative and legal systems in Turkey are established according to the ‘one-size-fits-all’ international CTF standards and thus are compliant with the international CTF benchmarks, yet the interviews reveal significant challenges at the implementation level including lack of training and financial security, heavy handed bureaucracy, inadequate coordination and communication between international and national levels. The book will be an invaluable resource for academics, students and policy-makers working in the areas of financial crime and terrorism.
Author: Publisher: World Bank Publications ISBN: 0821375709 Category : Business & Economics Languages : en Pages : 663
Book Description
Combating Money Laundering and the Financing of Terrorism: A Comprehensive Training Guide has been developed by the Financial Market Integrity Unit of the World Bank to support the World Bank's Capacity Enhancement Program on AML/CFT. The modules are comprised of the following eight Modules: Module 1 - Effects on Economic Development and International Standards Module 2 - Legal Requirements to meet International Standards Module 3a - Regulatory and Institutional Requirements Module 3b - Compliance Requirements for Financial Institutions Module 4 - Building an Effective Financial Intelligence Unit Module 5 - Domestic (inter-agency) and International Cooperation Module 6 - Combating the Financing of Terrorism Module 7 - Investigating Money Laundering and Terrorist Financing
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1455208434 Category : Social Science Languages : en Pages : 12
Book Description
This report on the Observance of Standards and Codes for the Financial Action Task Force (FATF) 40 Recommendations for Anti-Money Laundering (AML) and 9 Special Recommendations on Combating the Financing of Terrorism (CFT) was prepared by the Legal Department of the IMF. It provides a summary of the AML/CFT measures. The assessment is based on the information available at the time of the onsite mission conducted. The views are those of the IMF team and do not reflect the views of the government of the Comoros.
Author: Ben Hayes
Author: Ben Hayes
Author: Anne Imobersteg Harvey
Author: International Monetary Fund
Author: OECD
Author: Jae-myong Koh
Author: Nkechikwu Valerie Azinge-Egbiri
Author: Financial Action Task Force
Author: Burke Uğur Başaranel
Author: 
Author: International Monetary Fund