Regulating and Combating Money Laundering and Terrorist Financing

The Law in Emerging Economies

von Nkechikwu Azinge-Egbiri

330 Seiten, Hardcover

Kurzbeschreibung des Verlags

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. This book offers a new direction on the impact of global AML/CFT standards on ACs/EEs and contributes to the understanding of the conditions under which the global standards are likely to facilitate proactive compliance within these blocs of countries. As such it will be a valuable resource for academics, researchers and policy-makers working in this area.

• Themen: Gesellschaft und Sozialwissenschaften Soziale Dienste und Sozialwesen, Kriminologie Verbrechen und Kriminologie (Kriminalistik) Ursachen und Prävention von Kriminalität
• ISBN: 9780367861421
• Sprache: Englisch
• Erscheinungsdatum: 02.03.2021
• Größe: 234 x 156 mm
• Verlag: Taylor & Francis Ltd (Sales)