Assessment of crowdfunding risks and threats in order to counteract the legalization (laundering) of criminal proceeds and the financing of terrorism T. G. Ilina, N. A. Tyuleneva, V. V. Makoveeva, E. I. Ruzina
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ArticleContent type: Текст Media type: электронный Subject(s): краудфандинг | риски отмывания денег | риски финансирования терроризма | риск-ориентированный подход | финансовый мониторинг | Группа разработки финансовых мер по борьбе с отмыванием денег (ФАТФ)Genre/Form: статьи в сборниках Online resources: Click here to access online
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Digital economy: complexity and variety vs. rationality P. 291-300Abstract: The rapid development of digital financial technologies poses new
challenges in the area of combating money laundering (AML) and the financing
of terrorism (TF). Crowdfunding is one of such non-traditional digital financing
tools, representing new ML and FT risks. The main tool to counter legalization
is a risk-based approach. Despite the fact that the FATF has developed a generally
accepted methodology for assessing the risks of ML and FT, it is not a
dogma and requires adaptation to new tools. Crowdfunding is one of the most
promising digital financial instruments, but at the same time it is one of the most
risky and insufficiently studied instruments in terms of ML and FT. Therefore,
the article has explored and identified the features of crowdfunding as a new
digital financing instrument for assessing its risks and threats in order to counter
ML and TF (using the example of the Russian Federation and France). Recommendations
on the areas of assessment, the formation of lists of risks of
crowdfunding and their classification are offered.
Библиогр.: с. 298-300
The rapid development of digital financial technologies poses new
challenges in the area of combating money laundering (AML) and the financing
of terrorism (TF). Crowdfunding is one of such non-traditional digital financing
tools, representing new ML and FT risks. The main tool to counter legalization
is a risk-based approach. Despite the fact that the FATF has developed a generally
accepted methodology for assessing the risks of ML and FT, it is not a
dogma and requires adaptation to new tools. Crowdfunding is one of the most
promising digital financial instruments, but at the same time it is one of the most
risky and insufficiently studied instruments in terms of ML and FT. Therefore,
the article has explored and identified the features of crowdfunding as a new
digital financing instrument for assessing its risks and threats in order to counter
ML and TF (using the example of the Russian Federation and France). Recommendations
on the areas of assessment, the formation of lists of risks of
crowdfunding and their classification are offered.
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