Terrorism and financial supervision
This article presents an analysis of how legislators on international, European and national level combat the financing of terrorism. The central question in this article is whether European regulations concerning the prevention of money laundering and the financing of terrorism, are effective, prop...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Utrecht University School of Law
2005-12-01
|
| Series: | Utrecht Law Review |
| Subjects: | |
| Online Access: | http://www.utrechtlawreview.org/articles/10.18352/ulr.11/ |
| _version_ | 1818929795362193408 |
|---|---|
| author | Anatoli van der Krans |
| author_facet | Anatoli van der Krans |
| author_sort | Anatoli van der Krans |
| collection | DOAJ |
| description | This article presents an analysis of how legislators on international, European and national level combat the financing of terrorism. The central question in this article is whether European regulations concerning the prevention of money laundering and the financing of terrorism, are effective, proportional and mutually harmonious. Now that many regulations in this field have been established by intra-national bodies, it is important to examine how these regulations are further elaborated in the respective national systems. This article gives a broad overview of legislative initiatives of the UN, USA, FATF, EU and Council of Europe. The Netherlands for numerous reasons serves as a legal example. It is concluded that measures taken or proposed to avoid or at least reduce the financing of terrorism are quite effective to prevent abuse of the financial system. On the other hand, these measures increase the risk of underground or illegal financing, which is even more difficult to control. |
| first_indexed | 2024-12-20T03:50:29Z |
| format | Article |
| id | doaj.art-724368c7cd3b490ea6f298281ade4548 |
| institution | Directory Open Access Journal |
| issn | 1871-515X |
| language | English |
| last_indexed | 2024-12-20T03:50:29Z |
| publishDate | 2005-12-01 |
| publisher | Utrecht University School of Law |
| record_format | Article |
| series | Utrecht Law Review |
| spelling | doaj.art-724368c7cd3b490ea6f298281ade45482022-12-21T19:54:29ZengUtrecht University School of LawUtrecht Law Review1871-515X2005-12-011211913310.18352/ulr.1111Terrorism and financial supervisionAnatoli van der KransThis article presents an analysis of how legislators on international, European and national level combat the financing of terrorism. The central question in this article is whether European regulations concerning the prevention of money laundering and the financing of terrorism, are effective, proportional and mutually harmonious. Now that many regulations in this field have been established by intra-national bodies, it is important to examine how these regulations are further elaborated in the respective national systems. This article gives a broad overview of legislative initiatives of the UN, USA, FATF, EU and Council of Europe. The Netherlands for numerous reasons serves as a legal example. It is concluded that measures taken or proposed to avoid or at least reduce the financing of terrorism are quite effective to prevent abuse of the financial system. On the other hand, these measures increase the risk of underground or illegal financing, which is even more difficult to control.http://www.utrechtlawreview.org/articles/10.18352/ulr.11/terrorism, money laundering, financial supervision, unusual transactions, legal entity |
| spellingShingle | Anatoli van der Krans Terrorism and financial supervision Utrecht Law Review terrorism, money laundering, financial supervision, unusual transactions, legal entity |
| title | Terrorism and financial supervision |
| title_full | Terrorism and financial supervision |
| title_fullStr | Terrorism and financial supervision |
| title_full_unstemmed | Terrorism and financial supervision |
| title_short | Terrorism and financial supervision |
| title_sort | terrorism and financial supervision |
| topic | terrorism, money laundering, financial supervision, unusual transactions, legal entity |
| url | http://www.utrechtlawreview.org/articles/10.18352/ulr.11/ |
| work_keys_str_mv | AT anatolivanderkrans terrorismandfinancialsupervision |