REGIONAL ANTI-MONEY LAUNDERING COOPERATION IN THE AFRICAN UNION

The major purpose of the paper is to discuss the problems relating to, and review the basic principles of, mechanism of anti-money laundering cooperation in the African Union. The latter is considered through the prism of efficiency in terms of institutional interaction among member states, and of t...

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Autor principal:	H. D. Gambarov
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2018
Materias:	the african union regional cooperation counteraction of criminality financial criminality corruption money laundering International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/8dd64e5802c142adb1ec17bda2249086
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spelling	oai:doaj.org-article:8dd64e5802c142adb1ec17bda22490862021-11-23T14:50:40ZREGIONAL ANTI-MONEY LAUNDERING COOPERATION IN THE AFRICAN UNION2071-81602541-909910.24833/2071-8160-2018-3-60-126-138https://doaj.org/article/8dd64e5802c142adb1ec17bda22490862018-07-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/776https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The major purpose of the paper is to discuss the problems relating to, and review the basic principles of, mechanism of anti-money laundering cooperation in the African Union. The latter is considered through the prism of efficiency in terms of institutional interaction among member states, and of the extent to which the potential of such interaction is fulfilled. Such approach, in turn, calls for: identification of forms in which the states in the region of concern cooperate on the subject-matter; assessment of the extent to which such forms are efficient and are comparable with those of the Council of Europe and the United Nations, and; definition of the perspectives for African Union’s anti-moneylaundering cooperation mechanism improvement. The paper includes the results of comparative analysis of various international conventions and local acts and regulations, and considers the compliance of regional “soft law” and institutional cooperation framework with the accepted anti-money-laundering standards, where it particularly discusses the characteristics of African Peer-Review Mechanism and the Centre for the Study and Research on Terrorism as essential elements for African Union member states’ cooperation. The author emphasizes several discrepancies, and concludes that, despite the existence of sufficiently developed regulatory framework in the region, its commitment to antimoney-laundering, and creation of the applicable monitoring mechanism, the African Union fails so far to achieve high efficiency implementing the proposed measures.H. D. GambarovMGIMO University Pressarticlethe african unionregional cooperationcounteraction of criminalityfinancial criminalitycorruptionmoney launderingInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 3(60), Pp 126-138 (2018)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	the african union regional cooperation counteraction of criminality financial criminality corruption money laundering International relations JZ2-6530
spellingShingle	the african union regional cooperation counteraction of criminality financial criminality corruption money laundering International relations JZ2-6530 H. D. Gambarov REGIONAL ANTI-MONEY LAUNDERING COOPERATION IN THE AFRICAN UNION
description	The major purpose of the paper is to discuss the problems relating to, and review the basic principles of, mechanism of anti-money laundering cooperation in the African Union. The latter is considered through the prism of efficiency in terms of institutional interaction among member states, and of the extent to which the potential of such interaction is fulfilled. Such approach, in turn, calls for: identification of forms in which the states in the region of concern cooperate on the subject-matter; assessment of the extent to which such forms are efficient and are comparable with those of the Council of Europe and the United Nations, and; definition of the perspectives for African Union’s anti-moneylaundering cooperation mechanism improvement. The paper includes the results of comparative analysis of various international conventions and local acts and regulations, and considers the compliance of regional “soft law” and institutional cooperation framework with the accepted anti-money-laundering standards, where it particularly discusses the characteristics of African Peer-Review Mechanism and the Centre for the Study and Research on Terrorism as essential elements for African Union member states’ cooperation. The author emphasizes several discrepancies, and concludes that, despite the existence of sufficiently developed regulatory framework in the region, its commitment to antimoney-laundering, and creation of the applicable monitoring mechanism, the African Union fails so far to achieve high efficiency implementing the proposed measures.
format	article
author	H. D. Gambarov
author_facet	H. D. Gambarov
author_sort	H. D. Gambarov
title	REGIONAL ANTI-MONEY LAUNDERING COOPERATION IN THE AFRICAN UNION
title_short	REGIONAL ANTI-MONEY LAUNDERING COOPERATION IN THE AFRICAN UNION
title_full	REGIONAL ANTI-MONEY LAUNDERING COOPERATION IN THE AFRICAN UNION
title_fullStr	REGIONAL ANTI-MONEY LAUNDERING COOPERATION IN THE AFRICAN UNION
title_full_unstemmed	REGIONAL ANTI-MONEY LAUNDERING COOPERATION IN THE AFRICAN UNION
title_sort	regional anti-money laundering cooperation in the african union
publisher	MGIMO University Press
publishDate	2018
url	https://doaj.org/article/8dd64e5802c142adb1ec17bda2249086
work_keys_str_mv	AT hdgambarov regionalantimoneylaunderingcooperationintheafricanunion
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REGIONAL ANTI-MONEY LAUNDERING COOPERATION IN THE AFRICAN UNION

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