Concealment of Illegally Obtained Assets in Nigeria: Revisiting the Role of the Churches in Money Laundering

2020 ◽  
Vol 28 (1) ◽  
pp. 106-121
Author(s):  
Kato Gogo Kingston
Keyword(s):  
Economic Growth ◽  
Money Laundering ◽  
Financial Crime ◽  
The Past ◽  
Key Drivers ◽  
Nigerian Government

Financial crime in Nigeria – including money laundering – is ravaging Nigeria's economic growth. In the past few years, the Nigerian government has made efforts to tackle money laundering by enacting laws and setting up several agencies to enforce the laws. However, there are substantial loopholes in the regulatory and enforcement regimes. This article seeks to unravel the involvement of the churches as key drivers in money laundering crimes in Nigeria. It concludes that the permissive secrecy which enables churches to conceal the names of their financiers and donors breeds criminality on an unimaginable scale.

RegTech solutions and AML compliance: what future for financial crime?

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Esman Kurum
Keyword(s):  
Money Laundering ◽  
Financial Institutions ◽  
Design Methodology ◽  
Financial Crime ◽  
Strong Positive Correlation ◽  
Content Type ◽  
Compliance Programs ◽  
Time Required ◽  
International Experts

Purpose This study aims to discuss the growing use of RegTech solutions by financial institutions to comply more efficiently with regulation in terms of anti-money laundering compliance and more specifically its influence on the evolution of financial crime in the next ten years. Design/methodology/approach Based on two online Delphi surveys sent to a panel of international experts composed of eight specially recruited professionals and specialists of anti-financial crime compliance and RegTech, five main predictions have been developed. Findings It was found that artificial intelligence would become the most impactful technology for financial institutions to fight financial crime, and that there will be a strong positive correlation between ever-more elaborated compliance programs and the level of sophistication of methods used for money laundering. Furthermore, the panel designated regulators’ recommendations as likely to be less influential than RegTech solutions, and the time required to integrate RegTech solutions for AML compliance as the main future challenge. Originality/value These predictions are meant to provide financial institutions and regulators with useful outlooks. While the reviewed literature focused on the role of regulations on the evolution of money laundering, this study puts stress on RegTech solutions and their impact on both compliance and financial crime.

Technological Revolutions, Structural Change, and Catching up

2021 ◽  
pp. 131-155
Author(s):  
Jan Fagerberg ◽  
Bart Verspagen
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Renewable Energy ◽  
Structural Change ◽  
Final Section ◽  
Foreign Technology ◽  
Technological Revolution ◽  
The Past ◽  
Catching Up

This chapter interprets the transition to a more sustainable type of growth as a technological revolution in progress. The chapter opens with a general discussion of the role of technological revolutions and structural change and economic growth, with special emphasis on the acquisition of foreign technology, exports, and catching-up-based growth. It then goes on to examine whether the transition to renewable energy can be seen as a technological revolution in line with the great technological revolutions of the past. The answer to this question is in the affirmative. The final section discusses the implications of this for catching-up-based growth in China and other developing countries.

Evolution of the Structure of the American Economy

2005 ◽  
pp. 84-96 ◽  
Author(s):  
A. Porokhovsky
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Information Technologies ◽  
Economic Structure ◽  
The Past ◽  
The World ◽  
The Usa ◽  
American Economy

The author pays special attention to the USA leading positions in the world economy. The basic significance of traditional industries, first of all manufacturing, in the structure of the American economy and its evolution are underlined. The article analyzes in detail the increasing role of services including finance. Information technologies create new economic structure and new quality of economic growth. A reader learns from the article about sustainable reproduction role of business cycle in the past and present.

Collective Bargaining as an Internal Sanction: the Rôle of U.S. Corporations in South Africa

1981 ◽  
Vol 19 (4) ◽  
pp. 647-665 ◽  
Author(s):  
Christopher Coker
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Collective Bargaining ◽  
Trade Union ◽  
Codes Of Conduct ◽  
Focus Of Attention ◽  
Black Workers ◽  
The Past ◽  
Conditions Of Employment

Foreign investment in South Africa during the past 20 years has been subject to criticism form several diverse schools of thought, ranging from those who believe it has contributed to country's economic growth without improving the condition of the black workers, to those who maintain that – at best – apartheid has been modernised rather than fundamentally changed.Today the focus of attention has shifted to collective bargaining and trade union rights, to the action that can be taken on their own behalf by the ecomomically underprivileged and the politically dispossessed, and to the assistance which foreign-owned companies have been given in improving the terms and conditions of employment of their own non-white employees by the codes of conduct that have quite recently been adopted by their own governments.

scholarly journals The Role of Human Capital in Economic Growth: A Comparative Study of Pakistan and India

2000 ◽  
Vol 39 (4II) ◽  
pp. 451-473 ◽  
Author(s):  
Qaisar Abbas
Keyword(s):  
Economic Growth ◽  
Formal Model ◽  
Adam Smith ◽  
Division Of Labour ◽  
Neoclassical Growth Model ◽  
The Past ◽  
Per Capita ◽  
Intellectual Challenge ◽  
Neoclassical Growth

Economic Growth has posed an intellectual challenge ever since the beginning of systematic economic analysis. Adam Smith claimed that growth was related to division of labour, but he did not link them in a clear way. After that Thomas Malthus developed a formal model of a dynamic economic growth process in which each country converge toward stationary per capita income. According to this model, death rates fall and fertility rises when income exceed the equilibrium, and opposite occur when incomes are less than that level. Despite the influence of the Malthusian model in nineteenth century economists, fertility feel rather than rose as income grew during the past 150 years in the west and other parts of the world. The Neoclassical growth model of Solow (1956), which has been for the past thirty years the central framework to account for economic growth, focuses on exogenous technical population factors that determine output-input ratios, responded to the failure of Malthusian model.

scholarly journals Literacy and Educational Attainment Levels in Pakistan: 1951-1973

1978 ◽  
Vol 17 (3) ◽  
pp. 267-301 ◽  
Author(s):  
Naushin Mahmood
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Educational Development ◽  
Technical Training ◽  
Subsequent Paper ◽  
The Past ◽  
Trained Personnel ◽  
Development Plans ◽  
Economic Growth Rates

The role of education as a necessary means of meeting the shortages of trained personnel and manpower requirements as well as a factor in increasing productivity and economic growth rates, is of fundamental importance to the developing countries [14, p. 13], and has greatly reinforced the need for educational planning as an integral part of development plans [17, p. 612]. Education is recognized as a factor of prime importance in the Fifth Five-Year Development Plan of Pakistan. While high priority has been assigned to primary education and vocational and technical training, qualitative im¬provement has also been emphasized for the secondary and higher levels of education [8, p. 147]. Although proportion of literates has increased sub¬stantially during the past thirty years; Pakistan like other developing countries, still has predominantly illiterate population. In the present study an attempt has been made to assess the literacy status of the country quantitatively. The qualitative aspects which are equally important for educational development, shall be studied in a subsequent paper. With the aim to review the educational progress on the basis of the number of literate and illiterate persons, levels of education attained and the extent of participation of children in schools, the broad objectives of this study are as follows:

Role of money mules in money laundering and financial crimes a discussion through case studies

2020 ◽  
Vol 27 (3) ◽  
pp. 911-931
Author(s):  
Muhammad Subtain Raza ◽  
Qi Zhan ◽  
Sana Rubab
Keyword(s):  
Case Studies ◽  
Money Laundering ◽  
Design Methodology ◽  
Internet Usage ◽  
Financial Crime ◽  
Content Type ◽  
Financial Condition ◽  
Financial Crimes ◽  
The World

Purpose This paper aims to explain the role of money mules in money laundering and financial crimes through the discussion of case studies. The authors also explain the red flags of money mules and provide advice. Design/methodology/approach The authors use a case analysis approach. The paper mainly discusses ten cases about the use of money mules in financial crimes. Findings It has been found that money mules help criminal syndicates to remain anonymous while moving funds around the world. The unemployment, internet usage involvement of teenagers and youth in money laundering-related crime around the world are on a rising trend, and criminals are constantly looking for their victims by exploiting their mental and financial condition. Originality/value This paper provides case studies to understand the role of money mules in money laundering and financial crime.

Impact of Mobile Money on Financial Crime, Money Laundering, and Terrorism Financing

2021 ◽  
pp. 416-429
Author(s):  
Gilbert Ouko Oyoo
Keyword(s):  
Risk Management ◽  
Money Laundering ◽  
Financial Inclusion ◽  
Financial Crime ◽  
Mobile Money ◽  
The Past ◽  
Financial Crimes ◽  
Terrorism Financing ◽  
The Face ◽  
Made In

Financial crime, money laundering, and terror financing have been perennial menaces that downplay the major headway made in the financial transaction space. Businesses and individuals have found it prudent to always try remaining ahead of the perpetrators behind the vices. The springing into life of the mobile money in the second half of the first decade of this century has revolutionized the manner with which risk management in this respect is handled. In this chapter, the author posits that although mobile money has led to greater financial inclusion, the rate with which the myriad financial crimes have been reported over the past decade in the face of this phenomenon raises the need to stay abreast of developments in this space.

The Role of Blended Learning in 21st Century Medical Education

2011 ◽  
pp. 132-146 ◽  
Author(s):  
Geoffrey W. Payne
Keyword(s):  
Medical Education ◽  
Medical Students ◽  
Blended Learning ◽  
21St Century ◽  
Core Competencies ◽  
The Past ◽  
The Future ◽  
Key Drivers

The teaching of medical students is of paramount importance for society as the goal is to have well-educated and competent physicians that can help address the healthcare issues facing today’s society. The pedagogical influences that drive medical education have seen many advances in the past 30 years, but one that is seen as a leader for the future is the use of blended learning. This chapter will highlight that blended learning in medicine allows learners to be flexible in their education, as they are not constrained by time or distance as they move towards developing core competencies needed for their chosen discipline. One of the key drivers of this momentum in medicine is technology, and blended learning is one of the leading pedagogical influences in medical education for the future.

scholarly journals ADULT EDUCATION AND NATIONAL TRANSFORMATION IN NIGERIA

2015 ◽  
Vol 16 (1) ◽  
pp. 10
Author(s):  
Musa Usman Muhammad
Keyword(s):  
Adult Education ◽  
Adult Population ◽  
National Development ◽  
Developmental Changes ◽  
Literacy Rate ◽  
The Past ◽  
Nigerian Government ◽  
The Government ◽  
National Transformation

This is a discussion on Adult Education programmes and National Transformation in Nigeria. The study was necessitated by observing the various efforts made by the Nigerian government, local and international interventions from 1980s to date and the present literacy rate and the present level of development in Nigeria. Adult education connotes a desirable change that can improve the role of adult population in their community and national development. It is not the children, but the adults who hold in their hands the destiny of a society. The paper reviewed the various transformational plans implemented in Nigeria from 1980s to date. It also reviewed how the Chinese and American governments implemented and used adult education programmes to bring developmental changes in their countries. It concluded that, being  a means of acquiring general knowledge, skills, values, social and political changes by adults, the Nigerian government did not give adult education due priority and that was why most of the government programmes and plans failed in the past.. Some of the recommendations include: to adequately finance adult education programmes and give sustainable and effective priority to achieve the desired objectives.  

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