Regulating and combating money laundering and terrorist financing: the law in emerging economies

"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 evolutio...

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Bibliographic Details
Main Author: Azinge, Nkechikwu Valerie (Author)
Format: Print Book
Language:English
Published: London New York Routledge, Taylor & Francis Group 2021
In:Year: 2021
Online Access: Table of Contents
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Availability in Tübingen:Present in Tübingen.
UB: KB 21 A 1318
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Keywords:
Money Laundering > Law and legislation
Money Laundering > Prevention
Terrorism > Finance > Law and legislation
Terrorism > Finance > Prevention
Schwellenländer > Geldwäsche > Terrorismus > Finanzierung > Bekämpfung > Internationale Kooperation
Description
Summary:"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"--
Physical Description:xiii, 329 Seiten
ISBN:9780367861421