...Tatyana Gibbs Purpose Money laundering ( ML ) risks in the fast-growing luxury goods market fall largely outside the Financial Action Task Force ( FATF ) framework, which imposes anti-money laundering ( AML ) obligations on dealers in precious metals and stones but not to dealers in other high...

...Abdulrasheed Bawa Purpose This paper aims to explain why the implementation of Financial Action Task Force ( FATF ) anti-money laundering ( AML ) and counter-financing of terrorism ( CFT ) standards vary significantly across sectors within the same national jurisdiction. Using Nigeria as a case...

... maybe seen at Link to the terms of the CC BY 4.0 licence. Anti-money laundering legislation Crypto asset FATF Mauritius Namibia United Kingdom South Africa Virtual assets Virtual asset service providers Virtual assets (VAs), cryptocurrencies, non-fungible tokens (NFTs), digital...

... Action Task Force (FATF) and its regional bodies (also referred to as FATF-style regional bodies) in connection with the current international standard for combating money laundering and terrorism financing (i.e. the FATF recommendations). It also provides three observations for enhancing the use...

...Durgesh Pandey Purpose This paper aims to analyse the Financial Intelligence Units (FIUs) of Canada, Australia, The Netherlands and India, focussing on key internal and external processes, such as the exchange of information, operations and compliance with Financial Action Task Force (FATF...

... (FATF) recommendations. This study finds that the banking sector is well-placed to combat money laundering relating to the IWT and is, by virtue of its international nature and strong focus on compliance, able to be effective in preventing the use of the proceeds of IWT as well as in identifying...

..., this is the first study to focus on changes in a firm's use of a bank and link this to the probability of detecting a suspicious transaction. Anti-money laundering Client risk Suspicious transaction monitoring Corporate clients FATF Money laundering is the process by which illegally acquired funds...

...Nasir Sultan; Norazida Mohamed; Jamaliah Said; Azroz Mohd Purpose This study aims to explore the perception of the compliance officers of the Pakistani financial sector towards the placement of Pakistan on the grey list by the Financial Action Task Force (FATF). Design/methodology/approach...

... laundering or terrorism financing (ML/TF) is emphasized by the Financial Action Task Force (FATF) Recommendation 24 (transparency and beneficial ownership of legal persons) and 25 transparency and beneficial ownership of legal arrangements) (FATF, 2022). It is, like all its recommendations, part...

... for ML/FT. Broadly, it is found that the significance of this study will be two-pronged: empirical development and policy implications. This paper mainly focuses on the developing region, a newly emerging market and, peculiarly, a grey-listed region by the Financial Action Task Force (FATF...

...-based approach followed in Financial Action Task Force (FATF) recommendations and its adaptation in the UK with all crimes approach caused discrepancy in the judicial system and influenced regulated sector professionals negatively. Findings The paper points out that in spite of protective amendments...

... at: nicholas.gilmour@protonmail.com © Emerald Publishing Limited 2021 Emerald Publishing Limited Licensed re-use rights only Crime script Analysis Money laundering Terrorism financing Organised crime Situational crime prevention Typologies FATF AML Placement Layering Integration...

... of crime Predicate offence FATF AML Legal definition All above-mentioned denotations, however, appear valid; centered on income, property, illicit proceeds and unlawful activities largely anchored to criminal aspects. Yet, such a proposal is a deficient definition of the concept of ML...

... Publishing Limited 2021 Emerald Publishing Limited Licensed re-use rights only Singapore Regulation FATF Anti-money laundering Precious stones and metals Until the Precious Stones and Precious Metals (prevention of ML and TF) Act (PSPMA) [ 6 ] was enacted in 2019, there was no single...

... not be achieved in an atmosphere engulfed with corruption and money laundering. As a result, it became necessary for them to intervene albeit through direct or indirect mechanisms demonstrated by the use of soft law bodies such as Basel Committee on Banking Supervisors (BCBS) and Financial Action Task Force (FATF...

... as opposed to dallying with agreed, immaterial or irrelevant evidence. Sherene Murray-Bailey can be contacted at: smurraybailey@gmail.com Money laundering FATF Trinidad and Tobago COVID-19 In 2018, this author wrote on the concept of “Money Laundering Control: The Missing Link...

... monitoring and increased reputational risks (Balakina et al., 2017). This paper examines the impact of three blacklists on external deposits at the jurisdictional level: the FATF Non-Cooperative Countries and Territories (NCCT) blacklist created in 2001, the OECD List of Non-Cooperative Tax...

... to the landscape of commercial transactions. One notable development is the expansion of virtual currencies, which poses novel and unprecedented risks to the anti-money laundering (AML) regime. The Financial Action Task Force (FATF) – the apex international organization responsible for standard setting...

... of committing the crime. The threat affects the balance of risk and reward, and the prospect of diminished or no profits at all, may deter some from crime (FATF, 2012 , p. 1). Many offenders are more affected by the impact on confiscation, especially on their families and futures when they return to society...

... to Ionescu and Power (2011) , corruption and money laundering often occur at the same time and reinforce each other (p. 94). Therefore, combating money laundering is essential to mitigate corruption. This paper examines the effectiveness of the implementation of FATF recommendations in the UK...