Author: Nkechikwu Azinge-Egbiri Publisher: Taylor & Francis ISBN: 1040259243 Category : Law Languages : en Pages : 272
Book Description
This book explores the politics of money laundering and terrorist financing (ML/TF) regulation in several countries across Africa and the Small Island States. Developed countries created the Financial Action Task Force (FATF) to combat ML/TF globally. Expectedly, the FATF’s standards mirror existing banking regulations within the G7 countries. Yet, the standards apply to all countries irrespective of the limited ML/TF risks they pose to the global economy, their weak pre-conditions for effective regulation and their non-involvement in the FATF’s framing. Still, such countries, mainly within the Global South, have worked hard to amplify their compliance with the regime due to fears of the repercussions of their non-compliance. This collection demonstrates how the global ML/TF regulation is treated as an implicitly superior legal regime where the Global South must comply irrespective of their perception of the FATF’s legitimacy challenges. It shows that beyond exogenous factors such as neo-colonialism, endogenous factors such as weak institutions and corruption undermine the compliance trajectory of the Global South. Furthermore, it analyses the unintended consequences of transplanting FATF standards into diverse legal and cultural contexts. The volume contributes to our understanding of the challenges of transplantation from the Global North and how the Global South is steering within the constraints created by the FATF. It advocates for a comprehensive understanding of the nuanced compliance challenges of developing countries. It further proposes practical solutions to address them, emphasizing the importance of risk-based understanding, accountability, capacity-building and coordination in achieving effective anti-money laundering and counter-terrorist financing measures. The collection will be essential reading for researchers, academics and policy-makers working in financial crime regulation and international economic law.
Author: Kannan Subramanian Publisher: Notion Press ISBN: 1945497645 Category : Political Science Languages : en Pages : 344
Book Description
"A guide that illustrates the methods, mechanisms, techniques and instruments to launder money and finance terrorism. It explains risk-based approaches to minimise the risk at the national level and for each sector of the eco-system. Mr. T.S. Krishnamurthy Former Chief Election Commissioner, Government of India; Former Chief Commissioner of Income Tax-Mumbai, India. This book not only examines thoroughly the problem in a comprehensive manner with interesting case studies but also provides governance measures to mitigate the evil. Kannan has rightly stressed the need for proper evidence gathering, domestic co-ordination of various agencies and international co-operation to deal with this global priority. His suggestion to implement a National Integrity System is worth the attention of a government. Dr S.Ramamurthy – Fiscal Management Expert, formerly with the IMF The book throws light on relevant methodologies and tools to mitigate the adverse impact of money laundering. It explains a risk-based approach to mitigate the risks at the entity and national levels. It is very valuable book to those practitioners combating money laundering and countering the financing of terrorism world-wide."
Author: International Monetary Fund. Legal Dept. Publisher: International Monetary Fund ISBN: 1513592521 Category : Social Science Languages : en Pages : 55
Book Description
This paper discusses key finding of the Technical Assistance Report on Anticorruption and Anti-money Laundering in Mali. The report suggests that the adoption and effective implementation of an Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) framework compliant with the Financial Action Task Force (FATF) Recommendations would support the fight against corruption in Mali. Mali can improve the compliance of its AML/CFT framework with the FATF Recommendations by taking internal measures consistent with the West African Economic and Monetary Union directive. Mali can also work for the adoption of a regional AML/CFT framework consistent with the requirements of the FATF.
Author: Inter-Governmental Action Group against Money Laundering in West Africa Publisher: ISBN: Category : Banks and banking Languages : en Pages : 124
Author: OECD Publisher: OECD Publishing ISBN: 9264268413 Category : Languages : en Pages : 140
Book Description
This report is a first step towards building a qualitative understanding of the way illicit or criminal activities interact with the economy, security and development of West African States.
Author: Paul V.I. Sidlawinde Karenga Publisher: Springer Nature ISBN: 3030881202 Category : Law Languages : en Pages : 389
Book Description
This book describes the nature of trafficking in persons in West Africa, focusing on labor and sexual exploitation in the region, and recommends tailor-made solutions established by the Catholic Church in light of governmental authorities’ failure to effectively combat this scourge of humanity. While states’ efforts to fulfill their international obligations in developing anti-trafficking legislations are recognized, their failure to carry out prosecutions of offenders and ensure protection of the victims reveals that law alone is not a sufficient instrument for realizing human rights and improving people’s lives. Faced with the sobering background of less than successful efforts by governmental entities to end the trade in humans, this research study recommends adopting essential elements of Catholic social teaching, which rests on the inherent dignity of human beings allowing the development of political, socio-cultural, and religious reforms that will increase the effectiveness of existing legislation designed to combat trafficking. This faith-based approach highlights the role that religion may play in fulfilling the discretionary provisions of the Palermo Protocol by promoting the welfare and protecting the life and dignity of the victims. Additionally, religion is composed of sound moral ethics that determine people's behavior to refrain from the sinful conduct of trafficking. It also creates a sense of ethical responsibility that promotes supply chain transparency and ethical purchasing as well as advocating social reforms and anti-trafficking legislations initiatives. In fact, the author's approach, may be a model for other regions in the world and will be of interest to scholars, law and policy makers, human rights advocates and law enforcement agents working in the field of trafficking in persons.
Author: Stuart Yikona Publisher: World Bank Publications ISBN: 0821388886 Category : Business & Economics Languages : en Pages : 104
Book Description
Many developing countries have introduced policies to tackle ill-gotten money over the past years. Perception remains that such moves were more a result of international pressure being exercised than genuine ownership of such an agenda. There is not enough analysis and literature of how an anti-financial crime framework does (or does not) contribute to the development path of developing countries or how best to use these tools in a developing country environment. This study was aimed at initially exploring the effects of ill-gotten money or proceeds of crime and anti-money laundering policies on economic development. The study focused on two developing countries: Malawi, (a low-income country) and Namibia (an upper-middle-income country). The starting point of this analysis is that anti-money laundering is essentially a tool to address criminal activities and that, as a result, understanding criminal activities and how proceeds of crime impact development. The purpose of this study was: (i) to provide an initial answer to the question if and how measures to address proceeds of crime contributes to economic development; and (ii) to develop a framework that enable governments in developing countries to analyze the main sources of ill-gotten money and its effects on the economy.
Author: United States. Congress. Senate. Committee on Appropriations. Subcommittee on Treasury, Postal Service, and General Government Publisher: ISBN: Category : Business & Economics Languages : en Pages : 718
Author: International Monetary Fund. Legal Dept. Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 284
Book Description
This report summarizes AML/CFT measures in the Republique of Côte d’Ivoire (Côte d’Ivoire) at the time of the on-site visit (6-24 June 2022). It analyzes the level of compliance with the FATF 40 Recommendations and the effectiveness of Côte d’Ivoire’s AML/CFT system and provides recommendations on how the system could be strengthened.
Author: Nkechikwu Azinge-Egbiri
Author: Kannan Subramanian
Author: International Monetary Fund. Legal Dept.
Author: Inter-Governmental Action Group against Money Laundering in West Africa
Author: 
Author: OECD
Author: Paul V.I. Sidlawinde Karenga
Author: Stuart Yikona
Author: United States. Congress. Senate. Committee on Appropriations. Subcommittee on Treasury, Postal Service, and General Government
Author: International Monetary Fund. Legal Dept.