RT Article
T1 Terrorist financing via the banking sector
JF Crime, law and social change
VO 82
IS 1
SP 143
OP 163
A1 Teichmann, Fabian 1992-
A1 Falker, Marie-Christin
A2 Falker, Marie-Christin
LA English
YR 2024
UL https://krimdok.uni-tuebingen.de/Record/1906730660
AB Islamist terrorism poses a significant threat to global security. Current prevention measures focus largely on combating terrorist financing in order to hinder terrorist organizations’ ability to pay their fighters and orchestrate attacks, with the aim of weakening their structures. The banking sector in particular is subject to strict regulations that intend to increase transparency and identify suspicious transactions. However, the present study illustrates that the banking sector continues to offer opportunities for terrorist financing. Using a qualitative study of 15 presumed providers of illegal financial services and 15 compliance experts to detail how terrorist financiers abuse the financial system to fund terrorist organizations, this paper has implications for both compliance officers and regulating authorities. In particular, the perceived challenges facing those at the frontline of the banking sector in detecting and preventing terrorist financing are analyzed with the intention to establish avenues for future research and countering the financing of terrorism regulation.
NO Literaturverzeichnis: Seite 161-163
K1 Terrorist financing
K1 CFT
K1 Banking
K1 Compliance
K1 Customer due diligence
K1 Terrorism
DO 10.1007/s10611-023-10133-7