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The role of information sharing in combating money laundering: the importance and challenges of mutual legal assistance for developing jurisdictions like Pakistan

Nasir Sultan (Accounting Research Institute, Universiti Teknologi MARA (UiTM), Shah Alam, Malaysia and Department of Management and Administrative Sciences, University of Gujrat, Punjab, Pakistan)
Norazida Mohamed (Accounting Research Institute (HICoE), University Technology MARA (UiTM), Bandar Puncak Alam, Malaysia)

Journal of Money Laundering Control

ISSN: 1368-5201

Article publication date: 8 December 2022

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Abstract

Purpose

The study aims to explore the challenges of developing jurisdictions like Pakistan in achieving significant mutual legal assistance from the international community, especially for sharing financial information.

Design/methodology/approach

A qualitative approach of semi-structured interviews was adopted to complete the study’s objective. The selection of financial experts for interviews was based on purposive sampling.

Findings

This study concluded that Pakistan is facing several challenges, including mistrust of the international community; political disinterestedness and instability; delaying tactics in implementation, capacity and resources of law enforcers; and proximity with hostile neighbours.

Originality/value

Rare studies discussed this issue in the Pakistani context.

Keywords

Citation

Sultan, N. and Mohamed, N. (2022), "The role of information sharing in combating money laundering: the importance and challenges of mutual legal assistance for developing jurisdictions like Pakistan", Journal of Money Laundering Control, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JMLC-09-2022-0128

Publisher

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Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

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