RT Article
T1 Fighting terror with error: the counter-productive regulation of informal value transfers
JF Crime, law and social change
VO 45
IS 4/5
SP 315
OP 336
A1 Passas, Nikos
LA English
YR 2006
UL https://krimdok.uni-tuebingen.de/Record/1882347765
AB This paper challenges the widely shared view that the United States and international frameworks regulating terrorist finance and money laundering (AML/CFT) is productive and effective. Through a careful look at the evidence regarding the formal and informal fund transfer systems, this paper shows that security, crime control and economic policy objectives are systematically frustrated by ill-conceived and misapplied rules. US federal and state regulations in particular illustrate how unrealistic, unaffordable and counter-productive are current arrangements. The paper concludes with some suggestions about how to reverse the ongoing fact-free policy making process.
K1 Financial Action Task Force
K1 Money Transfer
K1 Organize Crime
K1 Suspicious Transaction
K1 Transnational Organize Crime
DO 10.1007/s10611-006-9041-5