Sustainable development goals: is the global framework for fighting financial crime aligned with environmental objectives?

Mete Feridun

Applied Economics Letters, 2024, vol. 31, issue 21, 2328-2331

Abstract: This article explores the impact of anti-money laundering and countering the financing of terrorism (AML/CFT) regulations on environmental performance for a sample of 141 countries. Results of cross-sectional regression models show that the impact is significant and negative, which suggests that the current AML/CFT regulations jeopardize global efforts towards achieving the United Nation’s Sustainable Development Goals by 2030 as planned. This can be attributed to the costly efforts of compliance with AML/CFT regulations which may be holding back the finance sector from prioritizing environmental goals.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:31:y:2024:i:21:p:2328-2331

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DOI: 10.1080/13504851.2023.2244145

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