IDEAS home Printed from https://ideas.repec.org/a/ssi/jouesi/v5y2017i2p243-262.html
   My bibliography  Save this article

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

Author

Listed:
  • Marek Kordík

    (Comenius University in Bratislava, Slovakia)

  • Lucia Kurilovská

    (Comenius University in Bratislava, Slovakia)

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”.

Suggested Citation

  • Marek Kordík & Lucia Kurilovská, 2017. "Protection of the national financial system from the money laundering and terrorism financing," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(2), pages 243-262, December.
    • Handle: RePEc:ssi:jouesi:v:5:y:2017:i:2:p:243-262
    DOI: 10.9770/jesi.2017.5.2(7)
    as

    Download full text from publisher

    File URL: https://jssidoi.org/jesi/uploads/articles/18/Kordik_Protection_of_the_national_financial_system_from_the_money_laundering_and_terrorism_financing.pdf
    Download Restriction: no
    File URL: https://jssidoi.org/jesi/article/148
    Download Restriction: no
    File URL: https://libkey.io/10.9770/jesi.2017.5.2(7)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gennady Vasilievich Osipov & Vladimir Ivanovich Glotov & Svetlana Gennadievna Karepova, 2018. "Population in the shadow market: petty corruption and unpaid taxes," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(2), pages 692-710, December.

    More about this item

    Keywords

    effectiveness; criminal proceeding; confiscation of assets; sanction; vulnerability; statistics;
    All these keywords.

    JEL classification:

    • K14 - Law and Economics - - Basic Areas of Law - - - Criminal Law
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G40 - Financial Economics - - Behavioral Finance - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ssi:jouesi:v:5:y:2017:i:2:p:243-262. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Manuela Tvaronaviciene (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.