Akartuna, Eray Arda; (2023) Money Laundering and Terrorist Financing: Future Directions. Doctoral thesis (Ph.D), UCL (University College London).

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Abstract

Money laundering and terrorist financing are, arguably, two of the most serious financial crimes in existence. The former enables effectively all other profit-motivated crimes, and the latter facilitates devastating attacks against civilians and critical infrastructure. However, the prevailing prevention measures against these crimes have been criticised for their relative ineffectiveness, and in particular their adaptability to emerging technologies. Despite major benefits to legitimate users, financial innovation such as blockchain technologies and new payment methods are revolutionising the way criminals launder money and finance terrorism. In response, this thesis has two core aims. The first seeks to address a fundamental issue that hinders the effectiveness of prevention measures, namely the lack of a consistent approach to disseminating how these two crimes are committed. A standardised approach is crucial for developing a uniform way of visualising, analysing and sharing financial intelligence, including for the purpose of crime-proofing future trends. Using the “crime scripting” approach first devised in 1994 by Derek Cornish, this thesis devises a highly customisable protocol for visualising money laundering schemes – named “schematic scripting” – to standardise the way financial intelligence is disseminated and understood across stakeholders. This leads to the second aim of this thesis, which is to delve deeper into how new and emerging technologies will affect these two crimes through a comprehensive horizon scanning exercise. A range of new technology enablers, futuristic criminal methods, relevant stakeholders, risk characteristics and potential prevention measures are collected through scoping reviews of relevant literature and consulting expert stakeholders. The thesis will combine its two aims by visualising future trends through schematic scripting, demonstrating the utility of this protocol from academic, practitioner and policymaking perspectives. The overall objective is to aid the sustainable innovation of beneficial technologies in a manner resilient to money laundering and terrorist financing exploitation.

Type:	Thesis (Doctoral)
Qualification:	Ph.D
Title:	Money Laundering and Terrorist Financing: Future Directions
Language:	English
Additional information:	Copyright © The Author 2022. Original content in this thesis is licensed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) Licence (https://creativecommons.org/licenses/by-nc-nd/4.0/). Any third-party copyright material present remains the property of its respective owner(s) and is licensed under its existing terms. Access may initially be restricted at the author’s request.
UCL classification:	UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Security and Crime Science
URI:	https://discovery.ucl.ac.uk/id/eprint/10181102

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