Anti-Terrorism Financing Laws in Malaysia: Current Trends and Developments

Zubair, Aishat Abdul-Qadir; Oseni, Umar Aimhanosi; Yasin, Norhashimah Mohd

doi:10.31436/iiumlj.v23i1.163

Cited by 6 publications

(5 citation statements)

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“…The legal and regulatory measures for Malaysia regulating the NPOs from the peril of terrorism financing are in line with global Conventions and the FATF measures. The legal framework in Malaysia are wide-ranging in governing the terrorism financing but not comprehensive in regulating the charities as it involves multiple level of administration (Zubair, Oseni & Mohd. Yasin, 2015).…”

Section: Resultsmentioning

confidence: 99%

“…The 2015 FATF Mutual Evaluation Report on Malaysia reveals the country was generally in adherence to the Special Recommendation VIII, regardless of the intense on the crevices in the regulatory framework for disappointments by the NPOs with their commitment. Along the same line, the risk of the terrorist financing per due to the distinctions in the unequivocal record-keeping necessities by such substances (Zubair, Oseni & Mohd. Yasin, 2015).…”

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confidence: 99%

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The Preliminary Evidence Of The Exploitation Of Non-Profit Organisations For Terrorist Financing

Selamat¹

2018

The European Proceedings of Social and Behavioural Sciences

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Section: Resultsmentioning

confidence: 99%

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confidence: 99%

The Preliminary Evidence Of The Exploitation Of Non-Profit Organisations For Terrorist Financing

Selamat¹

2018

The European Proceedings of Social and Behavioural Sciences

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“…In case the Serial correlation LM test does not satisfy the level, then we go to CUSUM test, which is a graphical representation of long run and short run association between the variables. Finally, Wald test is used to determine long or short run impact and association due to terrorism (Zubair, Oseni and Yasin 2015).…”

Section: Methodsmentioning

confidence: 99%

Paris Terrorism Attacks: Interdisciplinary Studies of Insider Trading and Money Laundering on Global Scale

Nichilo

Prahara²

2022

iijse

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In this paper, we investigate past research and the development of knowledge and practice in the area of countering money laundering and terrorist financing. Additionally, we draw attention to the gaps in the preventive mechanisms adopted by countries to fight against AML & ATF and to highlight areas for possible future research. There are various avenues to invest and one of those is Stock Market. But the decision of the investor depends on various factors. One of the factors which affects the behavior of investment is Terrorism. The paper focuses on short run and long run association and influence of terrorism on major global stock indices and Gold. We have taken Paris attacks of 2015 as base and ARDL model is used to study the short run and long run impact on the selected stock indices. We find that terrorism has got short run impact on the global indices but there is no long run impact.

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“…This indicates that there are multiple approaches or avenues in addressing the issues of financial terrorism. The Malaysian government has implemented various anti-terrorism financing laws with the purpose of addressing the issues that are related to terrorism financing (Zubair et al , 2015).…”

Section: Literature Reviewmentioning

confidence: 99%

Financial innovations in terrorism financing: a case study of Malaysian terror financing

Zahari,

Said,

Abdullah

et al. 2023

JCRPP

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Purpose This paper aims to employ the use of focus groups composed of enforcement officers to explore and identify the financial methods used by terrorism-related organisations in Malaysia. Design/methodology/approach The study used an open-ended question and focus group methods to gather information from 20 Malaysian enforcement officers with extensive experience in dealing with terrorism-related activities, as they strive to prevent and counter terrorism incidents. In addition, experienced practitioners and field experts also contributed to the study. Findings The study reveals various innovative financial methods used by terrorist-linked organisations to evade detection by local enforcement agencies. These findings are consistent with previous research, which highlights the intelligence of these organisations in avoiding detection by financial regulators. Research limitations/implications The findings are based on the perspectives of enforcement officers involved in preventing and countering terrorism activities. Further research could be conducted to gather insights from other government agencies, such as the judiciary or local agencies. Practical implications The study offers practical suggestions for organisations and institutions on effectively monitoring and taking appropriate actions in financial activities related to terrorism. Originality/value This study provides unique insights into the financial methods of terrorism-related organisations in an emerging country in Southeast Asia. Its findings can be applied throughout the region, given the country’s global connectivity. Furthermore, the study is distinctive in that it provides information from enforcement officers within terrorism-related government organisations, an area where resources are limited. The study also considers the impact of the pandemic on the development of these financial innovations by terrorist organisations.

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Anti-Terrorism Financing Laws in Malaysia: Current Trends and Developments

Cited by 6 publications

References 0 publications

The Preliminary Evidence Of The Exploitation Of Non-Profit Organisations For Terrorist Financing

The Preliminary Evidence Of The Exploitation Of Non-Profit Organisations For Terrorist Financing

Paris Terrorism Attacks: Interdisciplinary Studies of Insider Trading and Money Laundering on Global Scale

Financial innovations in terrorism financing: a case study of Malaysian terror financing

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