The counter-terrorist finance legal framework: the impact of regulatory compliance on relationships between charities and financial institutions

Abstract

Purpose

The purpose of this study is to explore the relationship between charities and financial institutions, as each represent pivotal structures in upholding the counter-terrorist finance (CTF) legal framework, and to investigate whether matters of regulatory compliance impact on the ability of charities to fulfil their charitable purpose.

Design/methodology/approach

This paper draws on the empirical evidence derived from 34 semi-structured interviews conducted by the author.

Findings

The understanding created by the interview data illuminates the challenges and opportunities of interaction between the charity sector and financial service sector in their interpretation and implementation of the CTF regulation. Both direct and indirect effects of this regulatory framework may ultimately affect the operating capability of some charities.

Originality/value

The research makes an original contribution to the available knowledge, providing new insights and perspectives by uniquely analysing relationships between stakeholders from the perspective of charities: asking a new set of questions to a new set of participants.

Citation

Fowler, A.M.T. (2022), "The counter-terrorist finance legal framework: the impact of regulatory compliance on relationships between charities and financial institutions", Journal of Financial Crime, Vol. 29 No. 3, pp. 792-804. https://doi.org/10.1108/JFC-05-2021-0110