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Is it time to reform the counter-terrorist financing reporting obligations? A critical and comparative assessment of the counter-terrorist financing reporting obligations in the European Union and the United Kingdom

Ryder, Nicholas

Is it time to reform the counter-terrorist financing reporting obligations?  A critical and comparative assessment of the counter-terrorist financing reporting obligations in the European Union and the United Kingdom Thumbnail


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Abstract

This Article critically considers the effectiveness of the European Union’s (EU) counter terrorist financing (CTF) strategies. In particular, it concentrates on the use of financial intelligence gathered from the submission of suspicious activity reports (SARs) by reporting entities to Member States Financial Intelligence Units (FIU). The Article identifies a series of weaknesses in the United Kingdom’s (UK) reporting regime: Defensive reporting, increased compliance costs, and the definition of suspicion. It concludes by making a series of recommendations that are aimed at improving the effectiveness of the EU and UK CTF reporting obligations.

Citation

Ryder, N. (2018). Is it time to reform the counter-terrorist financing reporting obligations? A critical and comparative assessment of the counter-terrorist financing reporting obligations in the European Union and the United Kingdom

Journal Article Type Article
Acceptance Date May 1, 2018
Publication Date Jul 1, 2018
Deposit Date Dec 20, 2018
Publicly Available Date Mar 28, 2024
Journal German Law Review
Print ISSN 2071-8322
Peer Reviewed Peer Reviewed
Volume 19
Issue 5
Pages 1169-1190
Keywords terrorism financing, money laundering, suspicious activity reports
Public URL https://uwe-repository.worktribe.com/output/865136
Publisher URL https://static1.squarespace.com/static/56330ad3e4b0733dcc0c8495/t/5bb17047104c7bcce616071f/1538355272304/Vol_19_No_05_Ryder.pdf

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