Abstract

Strong frameworks for anti-money laundering (AML) and combating financing of terrorism (CFT) can have a powerful influence on preserving a nation’s financial stability. On the other hand, countries with weak AML/CFT regimes are subject to the negative effects that large international criminal organizations can have on their economic growth and financial stability. Thus the strengthening of AML/CFT systems is a subject of vital importance to individual nations and the international community.