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Security and Cross-Border Capital Movements in North America

25 Pages Posted: 3 Oct 2005  

Tapen Sinha

Instituto Tecnológico Autónomo de México (ITAM) - Division of Actuarial Science, Statistics and Mathematics; Nottingham University Business School

Bradly J. Condon

Instituto Tecnológico Autónomo de México (ITAM) - School of Law; Bond University - School of Law

Abstract

The need to stem the international capital flows associated with terrorist financing can increase the transaction costs for legitimate capital flows in the NAFTA region. This article focuses on the cross-border movement of capital in the NAFTA countries, which is at once the lifeblood of commerce and transnational crime. The increasing integration of the financial services sector facilitates both capital flows and security measures. Moreover, the participation of all three NAFTA countries in multilateral organizations and international conventions provides a solid basis for harmonizing efforts in this area, particularly with respect to money laundering and terrorist financing. However, the growing volume of capital flows among the NAFTA countries increases the difficulty of detecting illicit transfers of money across borders. Moreover, differences remain among the three countries with respect to the regulation of financial transactions.

Keywords: capital movement, North America, terrorism, NAFTA, financial sector, banking

JEL Classification: F2, E22, E32

Suggested Citation

Sinha, Tapen and Condon, Bradly J., Security and Cross-Border Capital Movements in North America. Available at SSRN: https://ssrn.com/abstract=811594 or http://dx.doi.org/10.2139/ssrn.811594

Tapen Sinha (Contact Author)

Instituto Tecnológico Autónomo de México (ITAM) - Division of Actuarial Science, Statistics and Mathematics ( email )

Rio Hondo #1 Col. Tizapan San Angel
C.P. 01000 Del. Alvaro Obregon
52 55 5628 4088 (Phone)
52 55 5628 4086 (Fax)

Nottingham University Business School ( email )

Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom

Bradly J. Condon

Instituto Tecnológico Autónomo de México (ITAM) - School of Law ( email )

Rio Hondo No. 1
Col. Tizapan-San Angel, 01000
Mexico
52 55 56 28 40 00 x3789 (Phone)
52 55 56 28 40 49 (Fax)

Bond University - School of Law ( email )

Gold Coast, QLD 4229
Australia

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