Theoretical foundations of money laundering and terror financing conceptual analysis of legal frameworks and global challenges /
Money laundering (ML) and terrorism financing (TF) remain major threats to the financial stability of the global financial system. These illicit activities exploit transnational networks and take advantage of the interconnectedness of an increasingly globalized world. While international framework m...
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| Dokumentumtípus: | Könyv része |
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BC GRUP INC.
Ankara
2025
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| Sorozat: | Conference Proceedings of “38th RSEP International Conference on Economics, Finance and Business”
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| Tárgyszavak: | |
| doi: | 10.19275/RSEPCONFERENCES347 |
| mtmt: | 36244252 |
| Online Access: | http://publicatio.bibl.u-szeged.hu/37531 |
| Tartalmi kivonat: | Money laundering (ML) and terrorism financing (TF) remain major threats to the financial stability of the global financial system. These illicit activities exploit transnational networks and take advantage of the interconnectedness of an increasingly globalized world. While international framework models were adapted in the form of conventions, treaties, recommendations, and directives, the gap between the theoretical model and its actual application remains significant, particularly in less-developed countries (LDCs). These problems are aggravated by globalization, which makes complex transnational financial crimes easy. This study critically examines global instruments, such as the Vienna, Palermo, and Merida Conventions. I employ doctrinal legal research and a legal narrative analysis method to explore how these frameworks address the challenges posed by transnational financial crimes. The results indicate considerable variation in term implementation, especially in LDCs, where limited resources and institutional capacity erode international Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) progress. Moreover, financially motivated crimes are constantly evolving, and advancements and regulatory loopholes outpace the existing enforcement mechanisms. Moreover, this study demonstrates that a harmonized approach integrating legal and financial perspectives is essential for effectively combating ML and TF. This study highlights the importance of strong international cooperation, consistent legal standards, and technological tools. This study addresses the gap between theory and practice, supporting the formulation of adaptive policies regarding AML and CTF that increase resilience to transnational financial crimes. The implications of these findings for global policymaking are significant, and they provide a roadmap for reconciling international frameworks and mechanisms in domestic framing and policing. More needs to clarify the refinement of risk-based approaches, enhancement of regulatory compliance in LDCs, and promotion of collaborative networks between states to counter dynamic threats posed by ML and TF in the future. |
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| Terjedelem/Fizikai jellemzők: | 14 75-88 |
| ISBN: | 9786259756639 |