This paper aims to examine the influence of controlling corruption, tax burden reduction, price stability and trade liberalization on trade-related illicit financial flows. The analysis focuses on a sample of 120 developing and emerging countries, drawn from data collected over the period...

This paper proposes a new framework to provide insights into the techniques launderers adopt to clean illicit funds, drawing on existing literature and theories including rational choice, public value, structural coupling, and stakeholder. The proposed APPT framework is named after four factors...

This paper investigates the connection between money laundering risk and Chief Executive Officer (CEO) compensation in the Iranian stock market. For this goal, we construct a firm-level measure of money laundering risk using the opinion of certified auditors. Our findings documented a positive...

Food crimes, including adulteration, poisoning, mislabelling, and misrepresentation of information, have cost billions in the global food industry. The coronavirus (COVID-19) pandemic has highlighted the weaknesses of the food supply chain. Unfortunately, such weaknesses are exploited by actors...

Despite the existence of legal and regulated systems, a significant proportion of Bangladeshi immigrants choose to utilize informal channels for the purpose of transferring funds. This practice has the potential to result in macroeconomic ramifications for Bangladesh. The rise of Hundi in...

This paper examines the intersection of international arbitration and money laundering and corruption in jurisdictions where corruption is endemic, such as some Eastern European countries, to provide insight into the challenges and risks involved in arbitrating. Few sources have addressed the...

Financial intelligence units (FIUs) are crucial pillars of international anti-money laundering (AML) law as national authorities that gather, analyze, and disseminate financial intelligence to law-enforcement authorities (LEAs). This paper offers an in-depth insight into national models of...

The Financial Action Task Force (FATF) is the primary authority for setting standards in the fields of anti-money laundering and countering the financing of terrorism. However, there are legitimate concerns regarding the unintended adverse effects resulting from the expansion of FATF standards....

When Russia attacked Ukraine, national states as well as multinational bodies such as the European Union imposed economic sanctions against Russia. Companies in sanctioning countries were expected to terminate their business with companies in the sanctioned country. However, the threat of...