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FATF (2) answer(s).
 
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1
ID:   099511


Interdicting terrorist financing with coercion: strategies for policy-makers to cut the cash flow of terrorist organizations / Berger, Michael A   Journal Article
Berger, Michael A Journal Article
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Publication 2010.
Summary/Abstract The following article examines how the principles of coercion theory can be applied towards the formulation of strategy aimed at countering terrorist financing. In doing so, this article provides a breakdown of coercion's relevant theoretical concepts on the subject matter. This is followed by an elaboration of the specific coercive approaches-non-military and military-that can be implemented to counter terrorist finance operations, along with an illustration, based on case-evidence, of how these approaches can be practically employed with power and policy mechanisms at the state and international levels. The article concludes with a discussion on what is required, from a coercion stand-point, to successfully counter a terrorist organization's financial operations, as well as the advantages and limitations involved in such a strategy.
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2
ID:   079667


Why worry? The impact of the OECD harmful tax competition initi / Vlcek, William   Journal Article
Vlcek, William Journal Article
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Publication 2007.
Summary/Abstract The economies of small states are vulnerable to a variety of external factors - economic, political and environmental. One economic/financial factor confronting those small states with offshore financial centres has been the effort by the OECD to eliminate tax arbitrage (harmful tax competition). A related initiative to eliminate money laundering and combat the financing of terrorism has increased the regulatory responsibilities and costs to these small jurisdictions and represents an example for the potential consequences of the OECD project. Using economic data from several Caribbean jurisdictions, this article investigates the direct impact of these international programmes to increase financial regulation upon their financial services industries. Two specific outcomes are demonstrated: a reduction in employment opportunities and a decline in government revenues. At present this situation bodes ill for the continued operation of offshore financial centres as a method towards achieving economic development
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