Purpose

The purpose of this paper is to study the impact of global anti-money laundering and countering the financing of terrorism (AML/CFT) standards on combating money laundering and terrorist financing (ML/TF) efforts. This study will assess the impact of AML/CFT legal framework as well as the effective implementation of the framework on combating crimes.

Design/methodology/approach

The author develops an AML/CFT effectiveness index using the results of 11 immediate outcomes in mutual evaluation reports to measure the overall effectiveness of regimes in combating ML/TF. In addition to this index, the AML/CFT compliance index is used to measure the strength of the AML/CFT legal framework of countries. A model was developed and tested to measure the impact of the AML/CFT legal framework and its effective implementation on corruption, bribery, terrorism and crimes.

Findings

The results suggest that the effective implementation of the AML/CFT legal framework is important to combat ML/TF. The existence of a sound AML/CFT legal framework alone will not be sufficient to combat ML/TF. Therefore, countries are required to implement their legal framework effectively to achieve the AML/CFT goals of the country as well as the global policymaker. The empirical results show a significant relationship between the AML/CFT effectiveness index with the proxies the author used to capture corruption, bribes and crimes. Considering the wide range of implications of the crimes, which are related to ML/TF, this study suggests the global policymakers to further strengthen the monitoring mechanism of AML/CFT deficient countries to protect the global financial systems from criminals.

Practical implications

There is a dearth of studies on the impact of the effectiveness of the AML/CFT regime on combating ML/TF. Therefore, this study will lay the foundation for future studies on measuring the effectiveness of an AML/CFT regime. More appropriate measures will be developed in the future based on this foundation.

Originality/value

This paper is an original work done by the author, which discusses the impact of Financial Action Task Force standards on combating ML/TF. The AML/CFT effectiveness index is the original idea of the author, which can be used as a quantitative measure to capture the effectiveness of the AML/CFT regimes in future studies.

中文翻译：

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当前的全球标准在打击洗钱和恐怖主义融资方面的效果如何？

目的

本文的目的是研究全球反洗钱和打击资助恐怖主义 (AML/CFT) 标准对打击洗钱和恐怖主义融资 (ML/TF) 工作的影响。本研究将评估 AML/CFT 法律框架的影响以及该框架在打击犯罪方面的有效实施。

设计/方法/方法

作者使用相互评估报告中的 11 个直接结果的结果制定了一个 AML/CFT 有效性指数，以衡量制度在打击 ML/TF 方面的整体有效性。除该指数外，AML/CFT合规指数用于衡量各国AML/CFT法律框架的强度。开发并测试了一个模型，以衡量 AML/CFT 法律框架的影响及其对腐败、贿赂、恐怖主义和犯罪的有效实施。

发现

结果表明，有效实施 AML/CFT 法律框架对于打击 ML/TF 很重要。仅存在完善的 AML/CFT 法律框架不足以打击 ML/TF。因此，各国需要有效地实施其法律框架，以实现该国和全球政策制定者的反洗钱/打击资助恐怖主义目标。实证结果表明 AML/CFT 有效性指数与作者用来捕捉腐败、贿赂和犯罪的代理之间存在显着关系。考虑到与 ML/TF 相关的犯罪的广泛影响，本研究建议全球政策制定者进一步加强对 AML/CFT 缺陷国家的监测机制，以保护全球金融体系免受犯罪分子的侵害。

实际影响

缺乏关于 AML/CFT 制度对打击 ML/TF 的影响的研究。因此，这项研究将为未来衡量 AML/CFT 制度有效性的研究奠定基础。今后将在此基础上制定更合适的措施。

原创性/价值

这篇论文是作者的原创作品，讨论了金融行动特别工作组标准对打击 ML/TF 的影响。AML/CFT 有效性指数是作者的原创想法，可作为量化衡量指标，在未来的研究中捕捉 AML/CFT 制度的有效性。