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Abstract

Details

Compliance in Multinational Corporations
Type: Book
ISBN: 978-1-78756-870-9

Abstract

Details

Compliance in Multinational Corporations
Type: Book
ISBN: 978-1-78756-870-9

Abstract

Details

Compliance in Multinational Corporations
Type: Book
ISBN: 978-1-78756-870-9

Abstract

Details

Compliance in Multinational Corporations
Type: Book
ISBN: 978-1-78756-870-9

Content available
Book part
Publication date: 15 October 2018

Fabian M. Teichmann and Bruno S. Sergi

Abstract

Details

Compliance in Multinational Corporations
Type: Book
ISBN: 978-1-78756-870-9

Abstract

Details

Compliance in Multinational Corporations
Type: Book
ISBN: 978-1-78756-870-9

Abstract

Details

Compliance in Multinational Corporations
Type: Book
ISBN: 978-1-78756-870-9

Content available
Book part
Publication date: 15 October 2018

Fabian M. Teichmann and Bruno S. Sergi

Abstract

Details

Compliance in Multinational Corporations
Type: Book
ISBN: 978-1-78756-870-9

Article
Publication date: 12 May 2022

Fabian Teichmann and Sonia Ruxandra Boticiu

This paper aims to examine the current situation in Afghanistan after the rapid withdrawal of US troops and the Taliban takeover of the country, and how this has shed new light on…

Abstract

Purpose

This paper aims to examine the current situation in Afghanistan after the rapid withdrawal of US troops and the Taliban takeover of the country, and how this has shed new light on the financing of terrorism.

Design/methodology/approach

Informal interviews were conducted with alleged perpetrators as well as formal interviews with compliance experts to further investigate the subject of terrorist financing in the wake of the latest changes in Afghanistan and terrorist financing through hawala banking. The interviewees were analysed through a qualitative analysis.

Findings

Based on the interviews, it was concluded that both illegal and legal sources of income could be used by terrorist financiers. This study also shows why hawala represents a significant challenge for counter-terrorist financing policies.

Originality/value

While existing literature sufficiently links parallel banking systems, such as hawala, to terrorist financing, this study shows the implications for Switzerland’s perceived commitment against financial crime in light of current changes in Afghanistan, and in addition, certain dogmatic weaknesses of Article 260quinquies of the Swiss Penal Code are critically analysed.

Details

Journal of Financial Crime, vol. 30 no. 5
Type: Research Article
ISSN: 1359-0790

Keywords

Article
Publication date: 9 July 2020

Fabian Maximilian Teichmann and Marie-Christin Falker

This paper aims to demonstrate how illicit funds are being laundered through underground currency exchange networks.

Abstract

Purpose

This paper aims to demonstrate how illicit funds are being laundered through underground currency exchange networks.

Design/methodology/approach

Sixty interviews with money launderers and compliance officers were conducted to identify methods relevant to current money laundering issues. Further, a quantitative survey of 200 compliance officers was administered.

Findings

The currency exchange method is highly suitable for money launderers with access to a criminal network. It may be used for placement or pre-placement. Evidently, the vast majority of compliance officers fail to recognize the utilization of this method in their daily business.

Research limitations/implications

Implications are based on the statements of 60 interviewees, comprising both alleged money launderers and compliance officers.

Practical implications

The study identified gaps in anti-money laundering mechanisms. The documentation of said inconsistencies aims to provide compliance officers, law enforcement agencies and legislators with useful insights into the minds of money launderers.

Originality/value

Whereas most prior literature focuses on money laundering prevention methods, how money launderers operate is not illustrated. This study comprehensively overviews the issue by interviewing not only compliance officers but also money launderers. Understanding how money launderers operate is essential to effectively prevent money laundering. In particular, compliance officers must be able to view money laundering from the criminal’s perspective to sufficiently combat the issue.

Details

Journal of Financial Regulation and Compliance, vol. 29 no. 1
Type: Research Article
ISSN: 1358-1988

Keywords

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