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Compliance with the AML/CFT [Anti-Money Laundering and Combating the Financing of Terrorism] international standard : lessons from a cross-country analysis

Verdugo Yepes, Concepcion - 2011

This paper assesses countries’ compliance with the Anti-Money Laundering and Combating the Financing of Terrorism (AML …

Persistent link: https://www.econbiz.de/10009424878

Islamic Finance and Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)

Kyriakos-Saad, Nadim; Vasquez, Manuel; El Khoury, Chady; … - 2016

The money laundering (ML) and terrorist financing (TF) risks associated with conventional finance are generally well identified and understood by the relevant national authorities. There is, however, no common understanding of ML/TF risks associated with Islamic finance. Some are likely to be...

Persistent link: https://www.econbiz.de/10011445375

Loss of correspondent banking relationships in the Caribbean : trends, impact, and policy options

Alleyne, Trevor; Bouhga-Hagbe, Jacques; Dowling, Thomas; … - 2017

Banks across the Caribbean have lost important Correspondent Banking Relationships (CBRs). The macroeconomic impact has so far been limited, in part because banks either have multiple relationships or have been successful in replacing lost CBRs. However, the cost of services has increased...

Persistent link: https://www.econbiz.de/10011743070

A Theory of ""Crying Wolf"" : The Economics of Money Laundering Enforcement

Takáts, Elöd - 2007

The paper shows how excessive reporting, called ""crying wolf"", can dilute the information value of reports. Excessive reporting is investigated by undertaking the first formal analysis of money laundering enforcement. Banks monitor transactions and report suspicious activity to government...

Persistent link: https://www.econbiz.de/10014400226

Money Laundering and the International Financial System

Tanzi, Vito - 1996

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014396214

Macroeconomic Implications of Money Laundering

Quirk, Peter J. - 1996

This paper reviews the main analytical, empirical, and policy issues related to the macroeconomic implications of money laundering. The paper discusses, first, how money laundering can be measured, given that it is unobservable, and reports cross-section econometric estimates of the displacement...

Persistent link: https://www.econbiz.de/10014396228

Caribbean offshore Financial Centers : Past, Present, and Possibilities for the Future

Suss, Esther C. - 2002

The paper reviews the development of offshore financial activities in the English-speaking Caribbean islands and takes stock of the size and status of these sectors today. In view of the heightened concerns of the international community about money laundering, the costs and risks to countries...

Persistent link: https://www.econbiz.de/10014399653

Fiscal consequences of terrorism

Cevik, Serhan; Ricco, John - 2015

This paper provides an empirical analysis of how the frequency and severity of terrorism affect government revenue and … expenditure during the period 1970-2013 using a panel dataset on 153 countries. We find that terrorism has only a marginal … robust to alternative specifications and empirical strategies. On the other hand, we find strong evidence that terrorism is …

Persistent link: https://www.econbiz.de/10011408259

VAT Attacks!

Keen, Michael - 2007

Like the theory of the second best that the 2006 congress marks, the VAT is now fifty years old. Judged by the extent and speed of its spread around the world, and the revenue that it raises, the VAT would seem to have been a remarkable success. Over the last few years, however, it has come...

Persistent link: https://www.econbiz.de/10014401162

Inflation and conflict in Iraq : the economics of shortages revisited

Grigorian, David A.; Kock, Udo - 2010

Containing inflation has turned out to be one of the most challenging aspects of economic management in Iraq. This paper posits that conventional as well as unconventional factors explain inflation dynamics in the recent past. We build a theoretical model based on the insights into the workings...

Persistent link: https://www.econbiz.de/10014402642