Higher education institutions and money laundering

Ryder, Nicholas ORCID: https://orcid.org/0009-0008-8712-2946 2023. Higher education institutions and money laundering. Presented at: Charity Law and Policy Unit Research Seminar Series, Liverpool University - Charity Law and Policy Unit, 24 October 2023.

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Abstract

To tackle money laundering and terrorism financing, the United Kingdom has implemented global mechanisms introduced by the United Nations and the Financial Action Task Force. These mechanisms viewed financial institutions as gatekeepers to the financial system, requiring the introduction of preventative measures. In response, money launderers adapted their techniques and targeted other sectors. While efforts have been made to identify new typologies and adapt relevant legislation, the link between Higher Education Institutions and money laundering remains poorly understood. This paper provides a novel investigation into the money laundering and terrorism financing risks to which universities and their students are exposed. Through an analysis of the responses to freedom of information requests, the paper also identifies significant disparities among universities regarding the implementation of anti-money laundering and counter-terrorism financing legislation. Consequently, the paper offers an original insight into the application and implementation of this legislation to a high-risk, yet under-researched, sector.

Item Type:	Conference or Workshop Item (Paper)
Status:	Published
Schools:	Law Cardiff Centre for Crime, Law and Justice (CCLJ)
Subjects:	K Law > KD England and Wales
Date of First Compliant Deposit:	23 October 2023
Last Modified:	08 Nov 2023 09:30
URI:	https://orca.cardiff.ac.uk/id/eprint/163428

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