Regulating and Combating Money Laundering and Terrorist Financing : The Law in Emerging Economies
| Autor: | Nkechikwu Azinge-Egbiri |
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| Předmět: | |
| Kategorie: |
BUSINESS & ECONOMICS / Business Law, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / International / General, BUSINESS & ECONOMICS / Development / Economic Development, BUSINESS & ECONOMICS / Development / General, LAW / General, LAW / Business & Financial, LAW / Commercial / General, LAW / Comparative, LAW / Criminal Law / General, LAW / International, SOCIAL SCIENCE / Criminology, SOCIAL SCIENCE / Developing & Emerging Countries
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| Popis: | 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. |
| Databáze: | eBook Index |
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