Importance of meaningful co-operation in preventing and interdicting economically motivated crime and misconduct

Asanga Abeyagoonasekera

Journal of Financial Crime, 2020, vol. 28, issue 2, 386-393

Abstract: Purpose - The purpose of this paper will attempt to depict the importance of meaningful co-operation in preventing and interdicting economically motivated crime and misconduct in Sri Lanka while exploring the challenges faced by the state, its bureaucracy, extremist threat, war on drugs and anti-money laundering/countering the financing of terrorism (AML/CFT) mechanisms. Design/methodology/approach - Qualitative and secondary data. Findings - While mechanisms to introduce legislation and implement the national actions plan on combating bribery and corruption will add significant value to the entire system, Sri Lanka will need to improve co-operation among domestic and international agencies to overcome the challenges. For domestic co-operation educating the bureaucracy is essential in this regard who would take a central role in advising the policymakers. Originality/value - Sri Lankan perspective has not been discussed on challenges faced by the state, its bureaucracy, extremist threat, war on drugs and AML/CFT mechanisms. Paper was presented at the Cambridge International Symposium on Economic Crime 2019.

Keywords: Sri Lanka; Anti-money laundering; Countering the financing of terrorism; Economically motivated crime (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-01-2020-0009

DOI: 10.1108/JFC-01-2020-0009

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