A Risk-Based Analysis of Australia's Counterterrorism Financing Regime
Part of a special issue on the role of criminal organizations and individuals, and that of political states and their economic partners in transnational crime. A study was conducted to examine Australia's counter-terrorism financing regime. Data were obtained from government documents and acade...
| Main Author: | |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Published: |
2007
|
| In: |
Social justice
Year: 2007, Volume: 34, Issue: 2, Pages: 138-152 |
| Online Access: |
Volltext (Publisher) |
| Journals Online & Print: | Drawer...
|
| Check availability: | HBZ Gateway |
| Keywords: |
| Summary: | Part of a special issue on the role of criminal organizations and individuals, and that of political states and their economic partners in transnational crime. A study was conducted to examine Australia's counter-terrorism financing regime. Data were obtained from government documents and academic literature concerning the Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF) of 2006. Findings revealed that the strategies adopted by the AML/CTF Act in countering the financing of terrorism give rise to a number of concerns. Findings suggested that these are: the counter-terrorism financing regime relies on executive power to ban certain “terrorist” organizations, which raises the prospect of secret and arbitrary proscriptions; flows of information under this regime are usually kept secret, which raises issues of accountability; and the Act confers substantial discretion on financial institutions in relation to their compliance with the laws. Findings are discussed in detail. |
|---|---|
| ISSN: | 2327-641X |
