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-15-0740This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License
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