Abstract

MARXEN, K. When Context Matters - Application and Potential of Financial Crime Risk Indicators in Selected African Jurisdictions. PER [online]. 2022, vol.25, n.1, pp.1-22. ISSN 1727-3781.  https://doi.org/10.17159/1727-3781/2022/v25i0a14586.

This article explores the application and potential of financial crime risk indicators in international banking and mercantile transactions. Special emphasis is placed on lists of financial crime risk indicators which are circulated or have been drafted by governments and public institutions in sub-Saharan Africa. This article investigates inter alia whether such financial crime risk indicator lists created by African institutions differ noticeably - regarding content, drafting style, and availability - from other well-established indicator lists, and whether African financial crime risk indicator lists appropriately represent African commercial realities and thus meaningfully contribute to fighting financial crime on the continent and beyond.

Keywords : International financial crime; risk indicator; suspicious transaction; commercial fraud; money laundering; corruption; international economic sanctions; illicit capital flows; illicit financial flows; de-risking; banking law; international trade finance.

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