Regulating and Combating Money Laundering and Terrorist Financing : The Law in Emerging Economies
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.
- Hardback | 330 pages
- 156 x 234 x 25.4mm | 617g
- 02 Mar 2021
- Taylor & Francis Ltd
- London, United Kingdom
- 7 Line drawings, black and white; 3 Tables, black and white; 7 Line drawings, black and white; 3 Tables, black and white
Other books in this series
30 Nov 2021
24 Feb 2012
03 Mar 2020
28 Feb 2013
02 Mar 2021
Table of contents
Chapter 2 The International Financial Sector Reform And International Legal Framework For AML/CFT Regulation
Chapter 3 Preconditions For Effective Regulations Of AML/CFT And Compliance Drivers In African Countries And Emerging Economies
Chapter 4 The Agency Relationship Between Collective Principals And Their Interaction With African Countries And Emerging Economies
Chapter 5 Determinants Of Africa's Compliance Levels To The Global Anti-Money Laundering Regime
Chapter 6 AML/CFT Regime: Compliance Within Emerging Economies (EE)
Chapter 7 Legitimacy - A Means Of Levelling The Playing Field?
Chapter 8 Explanations And Conclusion
About Nkechikwu Valerie Azinge-Egbiri