Criminal Abuse of Non-Traditional Payment Methods: A Comparative Analysis of the Application of Anti-Money Laundering and Counter-Terrorist Financing Frameworks in the United Kingdom, United States, and Australia.

Shillito, Matthew Robert ORCID: 0000-0001-5816-2895 (2017) Criminal Abuse of Non-Traditional Payment Methods: A Comparative Analysis of the Application of Anti-Money Laundering and Counter-Terrorist Financing Frameworks in the United Kingdom, United States, and Australia. PhD thesis, University of Liverpool.

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Abstract

This doctoral thesis is concerned with the application of the international framework for anti-money laundering and counter-terrorist financing to the threats emerging from the criminal misuse of non-traditional payment methods. The international framework plays a significant role in the development of national responses to money laundering and terrorist financing, it is therefore important to understand how it, and then individual countries have responded to this emerging threat. The thesis will explore three developed economies, with advanced anti-money laundering and counter terrorist financing frameworks, they are: the UK, the US and Australia. From these countries best practices and deficiencies will be identified. This thesis will examine five NTPMs and outline the money laundering and terrorist financing risks associated with them. It will then Identify and analyse the relevant parts of the international AML and CTF framework, in relation to NTPMs. The analysis that follows will be broken down into the following thematic headings: 1. Global Role and Implementation of the International Framework; 2. Competent Authorities; 3. Application of the Risk-based Approach; 4. Preventive measures; 5. Confiscation of the Proceeds of Crime; and 6. Mutual Legal Assistance. Following on from this it will assess the compliance of three case study countries with the parts of the international AML and CTF framework that are relevant to NTPMs. The abuse of NTPMs, whilst still an emerging trend, are likely to increase in frequency and evolve in nature, in the coming years. It is therefore important to know how both the international framework and national responses adapt to these emerging challenges. For these reasons the area is worthy of academic consideration.

Item Type:	Thesis (PhD)
Divisions:	Faculty of Humanities and Social Sciences > School of Law and Social Justice
Depositing User:	Symplectic Admin
Date Deposited:	07 Sep 2017 09:37
Last Modified:	16 Jan 2024 17:21
DOI:	10.17638/03007606
Supervisors:	stokes, R Arora,
URI:	https://livrepository.liverpool.ac.uk/id/eprint/3007606