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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2017-05-16  |  Accepted: 2017-10-25  |  Published: 2017-12-29

Title

Protection of the national financial system from the money laundering and terrorism financing


Abstract

The contribution deals with national risk assessment of the money laundering and the terrorism financing at the national level. The contribution shows what are decisive criteria to evaluate the national system of anti-money laundering and counter terrorism financing examining the legal frame, the institutional frame, the competency of the personnel, the infrastructure to prevent, avoid and respond such a threat. It identifies how every product, sector and all designed non-financial business and professions should be evaluated. It elaborates on the factors that may aggravate or mitigate the risks of the proposed variables. The contribution tries to draw a complexity of conducting the national risk assessment as well it hints what may be the data sources for the evaluating process. It compares the variables, its risks and description with the FATF recommendations, FATF methodology and FATF risk assessment as the main open sources but goes further and tries to adjust it to the local level and makes it “more customizing”.


Keywords

effectiveness, criminal proceeding, confiscation of assets, sanction, vulnerability, statistics


JEL classifications

K14 , G10 , G30 , G40


URI

http://jssidoi.org/jesi/article/148


DOI


HAL


Pages

243-262


Funding

This research was supported by the project Guidelines and tools for effective elimination of unlawful acts in relation with potential insolvency, which has received funding from the Slovak Research and Development Agency under the contract No. APVV-15-0740

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Kordík, Marek
Comenius University in Bratislava, Bratislava, Slovakia https://uniba.sk
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Kurilovská, Lucia
Comenius University in Bratislava, Bratislava, Slovakia https://uniba.sk
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

5


Number

2


Issue date

December 2017


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

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