Importance of meaningful co-operation in preventing and interdicting economically motivated crime and misconduct. The Sri Lankan perspective
| Pages | 386-393 |
| DOI | https://doi.org/10.1108/JFC-01-2020-0009 |
| Date | 20 April 2020 |
| Published date | 20 April 2020 |
| Subject Matter | Accounting & Finance,Financial risk/company failure,Financial crime |
| Author | Asanga Abeyagoonasekera |
Importance of meaningful
co-operation in preventing and
interdicting economically
motivated crime and misconduct
The Sri Lankan perspective
Asanga Abeyagoonasekera
Institute of National Security Studies Sri Lanka, Battaramulla, Sri Lanka
Abstract
Purpose –The purpose of this paper will attempt to depict the importance of meaningful co-operation in
preventing and interdictingeconomically motivated crime and misconduct in Sri Lanka while exploring the
challenges faced by the state, its bureaucracy, extremist threat, war on drugs and anti-money laundering/
counteringthe financing of terrorism (AML/CFT) mechanisms.
Design/methodology/approach –Qualitativeand secondary data.
Findings –While mechanisms to introduce legislation and implement the national actions plan on
combating bribery and corruption will add significant value to the entire system, Sri Lanka will need to
improve co-operation among domestic and international agenciesto overcome the challenges. For domestic
co-operation educating the bureaucracy is essential in this regard who would take a central rolein advising
the policymakers.
Originality/value –Sri Lankan perspective has not been discussed on challenges faced by the state, its
bureaucracy, extremist threat, war on drugs and AML/CFT mechanisms. Paper was presented at the
CambridgeInternational Symposium on Economic Crime 2019.
Keywords Sri Lanka, Anti-money laundering, Countering the financing of terrorism,
Economically motivated crime
Paper type Viewpoint
Introduction
“The old world is dying, and the new world struggling to be born: now is the time of monsters”–
Antonio Gramsci
It is fitting to quote Gramsci because the monsters we have created are real especially the
extremist threat thatentered Sri Lanka on April 21, 2019.
Dr Emma Sky has clearlyexplained the instability in the Middle Eastand its ripple effect
to all nations in her new book In a Time of Monsters: Travels through the Middle East in
Revolt.
Instability of the Middle East is the direct geopolitical consequence we all are facing
today. Millions of refugees fleeing the horror to the extremist terror that affected London,
Paris, Brussels and Colomboare products and results of geopolitics in the Middle East.
This paper will attempt to depict the importance of meaningful co-operation in
preventing and interdicting economically motivated crime and misconduct in Sri Lanka
while exploring the challenges faced by the state, its bureaucracy, extremist threat, war on
JFC
28,2
386
Journalof Financial Crime
Vol.28 No. 2, 2021
pp. 386-393
© Emerald Publishing Limited
1359-0790
DOI 10.1108/JFC-01-2020-0009
The current issue and full text archive of this journal is available on Emerald Insight at:
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