Sub-Saharan Africa (SSA) accounts for a third of the countries on the Financial Action Task Force (FATF) grey list. In the Money Laundering and Terrorist Financing (ML/TF) Ranking and Risk Assessment Tool, the region performed poorly in terms of resilience to ML/TF, with more than 60% of...

Sub-Saharan Africa (SSA) accounts for a third of the countries on the Financial Action Task Force (FATF) grey list. In the Money Laundering and Terrorist Financing (ML/TF) Ranking and Risk Assessment Tool, the region performed poorly in terms of resilience to ML/TF, with more than 60% of...

This paper examines the popularity of forex and derivatives - contracts for difference (‘CFD’) spread bets and binary options - at a time when the markets are turbulent and speculating by trading is popular. The paper provides theoretical calculations of the probability of success of trading...

Bu bölüm, kara para aklama yöntemlerinin gerek klasik gerek modern genel çerçevesini çizdiği gibi, kara para aklama faaliyetlerinin mikro ve makro etkilerini açıklamakta, bunun yanı sıra kara para aklamayla mücadele perspektifinde önleyici tedbirleri sunmaktadır. Kara para aklama...

This paper examines the popularity of forex and derivatives - contracts for difference (‘CFD’) spread bets and binary options - at a time when the markets are turbulent and speculating by trading is popular. The paper provides theoretical calculations of the probability of success of trading...

This study investigates the correlation between financial inclusion and legal system quality among developed countries from 2004 to 2012. The findings reveal a positive correlation between financial inclusion and legal system quality. The findings suggest that improvements in legal system...

This paper aims to define measure and identify the determinants of illicit financial flows from MENA region. Various indicators were used to evaluate the level of illicit financial flows and a panel data model was estimated on the basis of 160 observations covering 16 countries and 10 years...

Nearly $2 trillion of illegally trafficked goods flow across international borders every year, generating violence and other social costs along the way. Due to the absence of legal contracts and the challenge of finding trading partners in an illegal market, traffickers may rely on co-ethnic...

Moving-violation traffic stops are pretextual when motivated by suspicion of unrelated crimes. Despite concerns that they are subject to racial bias, and recent reforms hoping to curb the practice; we lack empirical evidence to inform our understanding of pretextual stops. Using a decade's worth...

We investigate the roles of individual characteristics and punishment progressivity on crime. Our analysis reconciles low crime rates with light punishments in self-governed communities (Ostrom, 1990), using formal punishments to deter crime (Becker, 1968). We use a novel trial dataset on water...