Financial Crime and the Law: Identifying and Mitigating Risks

Dive into the intricate realm of modern financial crime combating with this latest collection. Edited by global experts and featuring contributions from leading international scholars, the collection spans a spectrum of financial crimes, including crypto crime, terrorist financing, illegal logging, and money laundering. The collection provides focused insights into institutional risk-based compliance, offering perspectives on practices employed by banks and challenges faced in implementing risk-based measures to combat the financing of weapons of mass destruction. Additionally, it explores the interplay between cannabis regulation and money laundering.

The collection raises thought-provoking questions about the effectiveness and efficiency of the risk-based approach to financial crime. It explores the evidence supporting its implementation and whether it has proven to be the best alternative. Specific concerns regarding bias and discrimination, especially in relation to mutual evaluations conducted by the Financial Action Task Force, are addressed. In light of these concerns and current evidence, the collection provides constructive proposals and enhances the understanding of the challenges that need to be navigated in the ongoing fight against financial crime.

This book a product of the Financial Integrity Hub (FIH), is essential reading for professionals, scholars, and anyone interested in staying ahead in the ever-evolving landscape of financial crime risk management.

Chapters ＂The Crime-Crypto Nexus: Nuancing Risk across Crypto-Crime Transactions＂ and ＂The FATF’s Combating of Financing of Proliferation Standards: Private Sector Implementation Challenges＂ are available open access under a Creative Commons Attribution 4.0 International License> via link.springer.com.

Doron Goldbarsht LLB LLM (HUJI) PHD (UNSW) is an Associate Professor at Macquarie Law School, Australia, where he teaches in the field of banking and financial crime, and also the Director of the Financial Integrity Hub (FIH). He is an authority on anti-money laundering and combating of financing of terrorism and proliferation regulations (AML/CTF), with expertise in the related fields of compliance and financial innovation. Doron’s recent books, along with his journal and chapter publications, focus on international AML/CTF standards and the mechanisms for their effective implementation and compliance at the national level.

Louis de Koker LLB LLM (UFS) LLM (Cantab) LLD (UFS) FSALS is a Professor at the La Trobe Law School, Australia, and a Board Member of the Financial Integrity Hub (FIH). From 2014 to 2019, he was the national program leader of the Law and Policy research program at the Australian Government-funded Data to Decisions Cooperative Research Centre. Louis is an expert on AML/CTF and proliferation financing, especially the relationship between financial integrity and financial inclusion policies and regulations. Over the past two decades, he has worked with the Consultative Group to Assist the Poor, the World Bank, the Alliance for Financial Inclusion, and regulators and financial service providers on the design and implementation of effective and efficient AML/CFT measures that also support financial inclusion.