Terrorism PLC

Sally Leivesley

Journal of Money Laundering Control, 2006, vol. 9, issue 2, 141-156

Abstract: Purpose - To describe anticipatory risk as a fundamental pillar for a framework of international law in relation to global terrorism. Design/methodology/approach - Economic terrorism and global terrorist transactions are used as a case study to demonstrate asymmetric financial crime and vulnerabilities of financial districts, economies and populations. Findings - The act of anticipation of risk is quantifiable and imposes a duty to manage foreseeable catastrophic consequences. Such a duty in turn creates a proportionate reaction that can be recognised in law. Practical implications - Recommendations are made for international discussions by jurists, global agreements through the United Nations and the G8 and for national laws, corporate governance standards and regulatory measures to become a seamless extension of the international framework. Originality/value - Commercial law, criminal law and the international laws and conventions of war require a framework that defines foreseeability, catastrophic risk, uncertainty, adequacy and proportionality.

Keywords: Risk assessment; Terrorism; Economic forecasting (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jmlcpp:13685200610660961

DOI: 10.1108/13685200610660961

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