Terrorism Financing with Virtual Currencies: Can Regulatory Technology Solutions Combat This?

Article


Salami, I. 2017. Terrorism Financing with Virtual Currencies: Can Regulatory Technology Solutions Combat This? Studies in Conflict and Terrorism. 41 (12), pp. 968-989. https://doi.org/10.1080/1057610X.2017.1365464
AuthorsSalami, I.
Abstract

This article considers the terrorism financing risk associated with the growth of Financial Technology innovations and in particular, focuses on virtual currency products and services. The ease with which cross-border payments by virtual currencies are facilitated, the anonymity surrounding their usage, and their potential to be converted into the fiat financial system, make them ideal for terrorism financing and therefore calls for a coordinated global regulatory response. This article considers the extent of the risk of terrorism financing through virtual currencies in “high risk” States by focusing on countries that have been recently associated with terrorism activities. It assesses the robustness of their financial regulatory and law enforcement regimes in combating terrorism financing and considers the extent to which Regulatory Technology and its global standardization, can mitigate this risk.

JournalStudies in Conflict and Terrorism
Journal citation41 (12), pp. 968-989
ISSN1057-610X
Year2017
PublisherTaylor & Francis
Accepted author manuscript
Digital Object Identifier (DOI)https://doi.org/10.1080/1057610X.2017.1365464
Web address (URL)https://doi.org/10.1080/1057610X.2017.1365464
Publication dates
Online11 Aug 2017
Publication process dates
Deposited18 Sep 2017
Accepted04 Aug 2017
Accepted04 Aug 2017
Copyright information© 2017 Taylor & Francis. This is an Accepted Manuscript of an article published by Taylor & Francis in Studies in Conflict & Terrorism on 11.08.17, available online: http://www.tandfonline.com/10.1080/1057610X.2017.1365464
LicenseAll rights reserved (under embargo)
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