To report or not to report? An analysis of the relationship between defence against terrorism financing suspicious activity reports and fraud in the United Kingdom

Ryder, Nicholas ORCID: https://orcid.org/0009-0008-8712-2946 2024. To report or not to report? An analysis of the relationship between defence against terrorism financing suspicious activity reports and fraud in the United Kingdom. Goldbarsht, Doron and de Koker, Louis, eds. Financial Crime, Law and Governance, Ius Gentium: Comparative Perspectives on Law and Justice, vol. 116. London: Springer Cham, pp. 169-202. (10.1007/978-3-031-59547-9_8) Item availability restricted.

PDF - Accepted Post-Print Version Restricted to Repository staff only until 11 September 2025 due to copyright restrictions. Download (524kB) | Request a copy

Abstract

To tackle terrorism financing, the United Kingdom has implemented the global mechanisms introduced by the United Nations and the Financial Action Task Force. The ensuing legislative provisions have forced terrorism financiers to adapt their funding mechanisms and move away from their traditional funding sources. Consequently, terrorists can obtain funding by committing fraud, often without detection. While efforts have been made to identify new typologies and adapt relevant legislation, the link between fraud and terrorism financing is misunderstood. This chapter provides a novel investigation and identifies a new terrorism financing fraud typology which will assist in improving our understanding of how terrorists raise and use money. Furthermore, it will also shed a new light on the inadequacies of the United Kingdom’s counter-fraud and counter-terrorism financing reporting mechanisms. In doing so, it will highlight the deficiencies in the use of financial intelligence and the exchange of information from the submission of defence against terrorism financing suspicious activity reports.

Item Type:	Book Section
Date Type:	Publication
Status:	Published
Schools:	Cardiff Law & Politics
Uncontrolled Keywords:	Fraud, terrorism financing, typologies.
Publisher:	Springer Cham
ISBN:	9783031595462
Date of First Compliant Deposit:	5 September 2023
Last Modified:	12 Sep 2024 09:32
URI:	https://orca.cardiff.ac.uk/id/eprint/161479

Actions (repository staff only)

Edit Item