Anti-money laundering and anti-terrorism financing: a survey of the existing literature and a future research agenda
- 16 May 2020
- journal article
- review article
- Published by Emerald in Journal of Money Laundering Control
- Vol. 24 (2), 396-426
- https://doi.org/10.1108/jmlc-03-2020-0029
Abstract
There is a significant focus today on the deficiencies of the financial system as the sector continues to boom while facing the growing pains of financial scandals, money laundering and the financing of terrorism around the world. Here, this study aims to investigate past research and the development of knowledge and practice in the area of countering money laundering and terrorist financing. Additionally, we draw attention to the gaps in the preventive mechanisms adopted by countries to fight against anti-money laundering (AML) and anti-terrorism financing (ATF) and to highlight areas for possible future research. This study was carried out through a systematic literature review of the existing work on AML and ATF. The general findings of the reviewed papers show the deficiencies in the laws, acts and preventive measures meant to fight money laundering and terrorism financing and support the need for more research in this area in terms of law, regulations and technological matters. Providing a concrete understanding of the concept of AML and terrorist financing and contributing the theoretical development in the area.Keywords
This publication has 48 references indexed in Scilit:
- Malevolent Creativity in Terrorist OrganizationsThe Journal of Creative Behavior, 2013
- A New Role for For-Profit Actors? The Case of Anti-Money Laundering and Risk ManagementJCMS: Journal of Common Market Studies, 2011
- The Visibility of Information Science and Library Science Research in Bibliometric Mapping of the LIS FieldThe Library Quarterly, 2010
- The Risk-Based Approach in the New European Anti-Money Laundering Legislation: A Law and Economics ViewReview of Law & Economics, 2009
- Psychological Factors in Terrorism and Counterterrorism: Individual, Group, and Organizational Levels of AnalysisSocial Issues and Policy Review, 2009
- The Fight Against Terrorist FinancingPolitical Science Quarterly, 2006
- Combating terrorist financing and other financial crimes through private sector partnershipsJournal of Money Laundering Control, 2006
- False and Reluctant Friends? National Money Laundering Regulation, International Compliance and Non-Cooperative CountriesEuropean Journal of Law and Economics, 2005
- Detecting money laundering and terrorist financing via data miningCommunications of the ACM, 2004
- Towards a Methodology for Developing Evidence‐Informed Management Knowledge by Means of Systematic ReviewBritish Journal of Management, 2003