Purpose – To describe anticipatory risk as a fundamental pillar for a framework of international law in relation to global terrorism. Design/methodology/approach – Economic terrorism and global terrorist transactions are used as a case study to demonstrate asymmetric financial crime and...

Purpose – This paper seeks to deconstruct the proposed risk‐based approach to anti‐money laundering (AML) and to relate it to the text of the European Union's 3rd Directive. The paper also aims to discuss a variety of risk‐related aspects and how they have come to be constructed on the...

Purpose – The purpose of this paper is to draw attention to the difficulties that non‐bank reporting entities have in establishing a best practice risk‐based approach to their anti money laundering and counter terrorism financing (AML/CTF) controls. Design/methodology/approach – The...

Purpose – The purpose of this paper is to highlight the extent of the use of the internet by terrorist organisations to achieve their strategic and operational objectives. Design/methodology/approach – The methodology adopted consisted of an extensive literature review on topics to include...

Purpose To implement a risk-based regulatory approach, this paper aims to make an assessment on customers' money laundering risk and conducts some applications. Design/methodology/approach During the transition of a regulatory approach from “rule-based” to “risk-based”, this paper...

Purpose This paper aims to contribute to the discussion about the misuse of legal persons for money laundering and terrorism financing (ML/TF) through the study of methodologies for countries’ legal persons and legal arrangements risk assessments in accordance with the transparency and...