Combating terrorist financing in Switzerland in the light of current changes in Afghanistan

Fabian Teichmann and Sonia Ruxandra Boticiu

Journal of Financial Crime, 2022, vol. 30, issue 5, 1231-1242

Abstract: Purpose - This paper aims to examine the current situation in Afghanistan after the rapid withdrawal of US troops and the Taliban takeover of the country, and how this has shed new light on the financing of terrorism. Design/methodology/approach - Informal interviews were conducted with alleged perpetrators as well as formal interviews with compliance experts to further investigate the subject of terrorist financing in the wake of the latest changes in Afghanistan and terrorist financing through hawala banking. The interviewees were analysed through a qualitative analysis. Findings - Based on the interviews, it was concluded that both illegal and legal sources of income could be used by terrorist financiers. This study also shows why hawala represents a significant challenge for counter-terrorist financing policies. Originality/value - While existing literature sufficiently links parallel banking systems, such as hawala, to terrorist financing, this study shows the implications for Switzerland’s perceived commitment against financial crime in light of current changes in Afghanistan, and in addition, certain dogmatic weaknesses of Article 260quinquiesof the Swiss Penal Code are critically analysed.

Keywords: Afghanistan; Dogmatic challenges; Hawala system; Switzerland; Terrorist financing (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-04-2022-0079

DOI: 10.1108/JFC-04-2022-0079

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