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The impact of economic, governance and terrorist activity on compliance with FATF recommendations
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Shami, Hattan. The impact of economic, governance and terrorist activity on compliance with FATF recommendations. Retrieved from https://doi.org/doi:10.7282/T3WH2RWV

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TitleThe impact of economic, governance and terrorist activity on compliance with FATF recommendations
NameShami, Hattan (author); Seiglie, Carlos (chair); Ferguson, Yale H. (internal member); Xiang, Jun (internal member); Alyas, Abdulmohsen (internal member); Rutgers University; Graduate School - Newark
Date Created2015
Other Date2015-05 (degree)
SubjectGlobal Affairs, Financial Action Task Force, Criminology, Terrorism--Finance
Extent1 online resource (v, 140 p. : ill.)
DescriptionTerrorism has become one of the most important threats today, not only because of the acts themselves, but because of the complex instruments that are used in order to put these actions into practice. Among them, the financing of terrorism has developed more diversified and increasingly complex facets, with various channels that terrorists use in order to launder funds and finance these actions. In order to better combat money laundering and terrorist financing, the Financial Action Task Force (FATF) was created, with a set of 40+9 recommendations that states should apply in order to address this pressing and potentially dangerous issue. States are evaluated among each other, in geographic groups, with the resulting mutual evaluations serving as a basis for compliance analysis. I propose to look at how certain economic, governance or terrorist activity indicators impact the level of implementation of FATF recommendations. I began by collecting a set of data reflecting the level of implementation of FATF recommendations in all states. The compliance level is measured on a scale from 1 to 4, with 1 showing no compliance and 4 reflecting full compliance. I then collected information for five indicators to reflect economic freedom (Index of Economic Freedom), economic activity and development (Real GDP), governance (Control of Corruption and Rule of Law) and terrorist activity (Global Terrorism Index). I then used a linear regression analysis model in order to understand the significance of regression results and the relationship between the indicators and the level of FATF compliance. My results show that only the first two indicators (Index of Economic Freedom and Real GDP) have significant results and correlation coefficients that show a direct relationship with the average FATF compliance. For 15 selected FATF recommendations, these two indicators consistently generate significant results. Implications for policy could include the fact that instruments to increase transparency in an economy and economic trade will also increase the level of compliance.
NotePh.D.
NoteIncludes bibliographical references
Noteby Hattan Shami
Genretheses, ETD doctoral
Persistent URLhttps://doi.org/doi:10.7282/T3WH2RWV
Languageeng
CollectionGraduate School - Newark Electronic Theses and Dissertations
Organization NameRutgers, The State University of New Jersey
RightsThe author owns the copyright to this work.
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