Enhancing International Cooperation in the Fight Against the Financing of Terrorism
Tuesday, September 2, 2008 at 15:10 CONCEPCION VERDUGO-YEPES
This paper contributes to the enhancement of the international cooperation in the fight against the financing of terrorism, by offering an in-depth analysis of the level of implementation of the international standards (Anti Money-Laundering and the Combating of Terrorist Financing) at a domestic level. First, this evaluation serves to identify the most relevant failures hampering international cooperation in this field. Second, it suggests priority actions to be taken into account at an international and domestic level in order to persuade governments, financial institutions and transgovernmental regulatory networks to adopt cooperative stances. The most relevant contribution of this work is that it makes very clear what kind of failures and tensions should be overcome to improve the exchange of confidential information and mutual legal assistance. Both are a great necessity to eventual prevent the misuse of the global financial system by criminal / terrorist networks.
