Journal of Money Laundering Control
Issue(s) available: 105 – From Volume: 1 Issue: 1, to Volume: 26 Issue: 7
Volume 26
Volume 18
Legal persons and arrangements money laundering risk assessment: the Brazilian methodology
Guilherme Sganserla TorresThis paper aims to contribute to the discussion about the misuse of legal persons for money laundering and terrorism financing (ML/TF) through the study of methodologies for…
Financial intelligence (monitoring) during the martial law: main challenges and key points
Maryna Utkina, Oleg Reznik, Liudmyla PavlenkoThis paper aims to illustrate the main changes during martial law for conducting financial intelligence (monitoring), in particular, in the system of combating legalisation…
Virtual assets and the prevention of money laundering: a critical and comparative analysis of the laws of Mauritius, Japan and South Africa
Ambareen Beebeejaun, Bhavna MahadewDue to their particular nature, virtual assets (VA) are vulnerable to financial crimes such as money laundering and if the appropriate legal mechanisms are not established, this…
Corruption at country and corporate levels: impacts on environmental, social and governance (ESG) performance of Chinese listed firms
Haitian Wei, Rasidah Mohd-Rashid, Chai-Aun OoiAs a consequence of the proposal of the Carbon Neutral and Carbon Peak policy in 2020, the Chinese Government is paying more attention to developing sustainability performance…
The legal-criminal aspects of Iran’s anti-money laundering law in light of the FATF recommendations
Zeynab Malakouti Khah, Aref Khalili PajiThe purpose of this study is to examine Iran’s anti-money laundering (AML) system from a legal and criminal perspective and to understand the obstacles for international…
What works in policing money laundering?
Branislav Hock, Mark Button, David Shepherd, Paul Michael GilmourThis paper aims to provide a comprehensive review of literature on policing money laundering to evaluate the quality of evidence presented in academic and grey literature. In…
Ethical implications for teaching students to hack to combat cybercrime and money laundering
Tareq Na’el Al-TawilMalicious hackers are increasingly evolving with technology by developing advanced tools to infiltrate. They are looking at micro laundering via sites like PayPal or using job…
Whistleblowing: interrogating the complexities of law, governance, and freedom of expression in developing nations
Adeoye Johnson AdetunjiThe purpose of this paper is to investigate the influence of the rule of law, corporate governance and freedom of expression on the effectiveness of whistleblowing initiatives…
Assessing tax collection efficiency of G20 countries: an analysis of tax potential, tax evasion and anti-corruption efforts
Usama Alqalawi, Ahmad Alwaked, Anas Al QudahThis paper aims to determine the tax potential of G20 countries and estimate the tax revenue they could generate. The study evaluates the effectiveness of tax revenue collection…
How to identify norms, laws, and regulations that facilitate illicit financial flows and related financial crimes
Tiago Cardao-PitoIllicit financial flows are targeted by the United Nations’ (UN) sustainable development goals (SDGs). However, these illicit flows are not entirely understood. Furthermore, they…
Hundi payment mechanism on the border trade between Myanmar and Northern Thailand: what you do not know about?
Nisit Panthamit, Paisarn Panthamitr, Guowei TianThis study aims to convey the understanding of the ecosystem – how “hundi” works on the border trade between Myanmar and northern Thailand, which is an informal transfer system…
How can value added tax compliance be incentivized? An experimental examination of trust in government and tax compliance costs
Ahmad Alshira'hThis study aims to investigate the relationship between trust in government, value added tax (VAT) compliance costs and VAT compliance in the Jordanian retail industry context.
Structural deterrents of combating white-collar money laundering in emerging economies: evidence from Sri Lanka
Sisira Dharmasri Jayasekara, K.L. Wasantha Perera, Roshan AjwardThe purpose of this paper is to discuss how agency conflicts between people and main government organs affect the combatting ability of white-collar money laundering in an…
A study of the underground banking system in Sri Lanka – a phenomenon of Boyle’s law
Dinesh Sivaguru, Kamal TilakasiriThe purpose of the study is to examine the available literature to comprehend what the underground banking system is, for what purposes this method is used and how policymakers…
Cashless policy initiative in Nigeria: outline of crucial socio-economic and regulatory considerations
Ogochukwu MonyeThe Central Bank of Nigeria (CBN) recently relaunched Nigeria’s cashless policy initiative which seeks to reduce financial crime and tax avoidance, decrease cash dependency…
Compliant or not compliant? The challenges of anti-money laundering regulations in crypto assets: the case of Switzerland
Aline Renda, Stefano CaneppeleCriminals have quickly discovered the advantage of crypto assets, with its pseudo-anonymity, untraceability and the ability to freely exchange crypto assets across borders, which…
Is money laundering a hurdle to achieving Sustainable Development Goals?
Arij Gueddari, Sami Saafi, Ridha NouiraThe purpose of this study provide answers to the following research questions: Whether and to what extent money laundering affects the achievability and the trend of Sustainable…
Perceptions on jurisdiction risk: a cross-country analysis
Mete FeridunThe purpose of this article is to make a contribution to the existing knowledge by using the unique cross-jurisdiction data drawn from the FCA’s REP-CRIM submissions to explore…
Financial opacity and financial secrecy: lessons for Nepal
Abhiyan UpadhyayThe purpose of this paper is to understand the financial opaqueness established through offshore businesses and financial secrecy through the requirements of information…
Practical considerations regarding the implementation of economic sanctions by Swiss financial service providers
Fabian Maximilian Johannes Teichmann, Chiara WittmannThe purpose of this paper is to discuss the practical problems which Swiss financial service providers face following the government’s decision to implement economic sanctions.
Digitalization and money laundering: the moderating effects of ethical behaviour of firms and corruption
Imen Khelil, Anis El Ammari, Mohamed Amine Bouraoui, Hichem KhlifThis paper aims to investigate the relationship between digitalization and money laundering and tests whether ethical behaviour of firms and corruption moderate this association.
Exploring anti-corruption education in Malaysian educational institutions
Nor Farizal Mohammed, Norziana Lokman, Norazida Mohamed, Norsuhaily Abu BakarFrom 2000 to 2021, the Malaysian corruption perception index demonstrated a declining tendency, identifying Malaysia as a highly corrupt nation. Corruption in the nation has…
Shariah-compliant status and investors demand for IPOs: the moderating role of regulatory quality
Waqas Mehmood, Anis Ali, Rasidah Mohd-Rashid, Attia Aman-UllahThe purpose of this study is to look at how Shariah-compliant status and Shariah regulation affect the demand for initial public offerings (IPOs) in Pakistan. The…
Uncovering the depths of trade-based money laundering: evidence from a seaport in Bangladesh
Md Noor Uddin Milon, Habib ZafarullahMoney laundering (ML) is a major criminal offence stemming from unethical practices by personnel on the ground at Chattogram Port, an important import and export facility in…
Estimating the magnitude of money laundering in the United Arab Emirates (UAE): evidence from the currency demand approach (CDA)
Mariam Aljassmi, Awadh Ahmed Mohammed Gamal, Norasibah Abdul Jalil, Joseph David, K. Kuperan ViswanathanDespite the vulnerability of rapidly developing and emerging market economies, researchers have paid less attention to the determination of the size of money laundering (ML) in…
A critical analysis of Somalia’s current antimoney laundering and counter financing of terrorism regime: a comparative study with Malaysia
Abdirahman Hassan HersiConcerns on money laundering (ML) and terrorist financing increased, as ML accounted 2%–5% of the global GDP, with Switzerland, the USA, Canada, India and Russia having high…
Does institutional quality modulate the effect of capital flight on economic growth in sub-Saharan Africa?
Taiwo AkinloSub-Saharan African (SSA) region has been battling illegal outflow of capital over the years, with little success recorded so far. Without adequate attention, unemployment…
The EU MiCA Directive – chances and risks from a compliance perspective
Fabian Maximilian Johannes Teichmann, Sonia Ruxandra Boticiu, Bruno S. SergiThis study aims to review the current EU approach to regulating crypto assets. It highlights the key points, opportunities and risks of the MiCA regulation, which is designed to…
Mechanisms for interaction of law enforcement agencies in the field of countering money laundering
Olha Bondarenko, Maryna Utkina, Oleg Reznik, Mykhailo DumchikovThe purpose of this paper is to develop a new methodology for the interaction of law enforcement agencies with each other, financial institutions and other legal entities in the…
Exploration of potential money laundering crimes with virtual currency facilities in Indonesia
MeiryaniThe purpose of this study is to exploration potential money laundering crimes with virtual currency facilities in Indonesia. Money laundering using crypto is the process of…
Illicit capital movement through trade misinvoicing in Burundi: a disaggregated approach
Arcade NdoricimpaThis study aims to examine the illicit capital movement through trade misinvoicing in Burundi, at disaggregated levels by major trading partners and by major export and import…
Ponzi scheme like investment schemes in India – causes, impact and solution
Shubhasree Bhadra, Kamakhya Narain SinghNews items like “A whopping 2 lakh gullible investors were cheated…….” amply illustrate the extent of problems and hardships caused by financial frauds related to Ponzi schemes…
Crypto-asset market development: the role of country’s institutional quality
Blanka Škrabić Perić, Ana Rimac Smiljanić, Ivana JerkovićCrypto-asset can be traded on many different exchanges worldwide with servers located in countries with different financial characteristics and institutional surroundings. Trading…
A legal perspective of corporate compliance governance to collusive bidding in China
Tingting Li, Mohd Zamre Mohd Zahir, Hasani Mohd AliThis study aims to make some contribution to the process of corporate compliance governance in China.
Investigating the determinants of money laundering risk
Yaseen Ghulam, Blandina SzalayWith the growing interconnectedness of global markets brought about by globalization and technological innovation, there is a heightened worldwide risk of money laundering, posing…
The control of tax corruption: evidence from nonfungible token market in China
Jahidur Rahman, Yahan JinIn 2021, nonfungible token (NFT) has emerged and grown as a new digital asset and became a carrier for cryptocurrency holders in China. NFT opens the door of the digital world for…
Is the UK’s anti-money laundering regime “worth the candle”? A tentative cost-benefit analysis
Peter Alan SproatThis paper aims to raise, and consider, first-order questions about the United Kingdom’s anti-money laundering (AML) regime.
Mutual legal assistance and extradition under anti-money laundering laws: a comparative analysis between Palestine and Malaysia
Husameddin Alshaer, Muhamad Helmi Md. Said, Ramalinggam RajamanickamThe global cooperation and cooperation between nations at differing stages in anti-money laundering (AML) is critical. To improve the effectiveness of international cooperation in…
The role of virtue ethics in enhancing reputation through combatting financial crimes
Ritab AlKhouri, Pashaar Halteh, Khaled Halteh, Milind TiwariThis paper aims to outline how certain lessons from ethical systems can be relevant and applicable to tackling unethical behavior, including financial crime, within the finance…
Preempting fraud: a financial distress prediction perspective on combating financial crime
Khaled Halteh, Milind TiwariThe prevention of fraudulent activities, particularly within a financial context, is of paramount significance in all spheres, as it not only impacts the sustainability of…
Relationships between foreign direct investment and official development assistance with trade-related illicit financial flows. Evidence from low- and middle-income countries
Bienvenido Ortega, Jesús SanjuánThis paper aims to analyse empirically the association between flows of foreign direct investment (FDI), net official development assistance (ODA) inflows and trade-related…
Evidencing source of wealth–challenges, questions, solutions and recommendations
Mario MenzThe purpose of this paper is twofold. Firstly, it highlights areas of disconnect between how the financial services sector in the UK approaches the requirement to evidence source…
Is Bangladesh’s policy response to the growing e-commerce sector compatible with its commitment to fight predicate offences for money laundering?
Md. Zahurul HaqThis study aims to investigate Bangladesh’s e-commerce regulations in light of the growing criticism that they are insufficient to curb predicate crimes like fraud and money…
Virtual currencies and money laundering: existing and prospects for jurisdictions that comprehensively prohibited virtual currencies like Pakistan
Nasir Sultan, Norazida Mohamed, Mervyn Martin, Hafizah Mohd LatifThis study aims to examine the Financial Action Task Force’s recommendations on virtual currencies (VCs) and how Pakistan has responded to them.
Money laundering, media and European banks
Markus TiemannThis paper aims to assess, from an empirical perspective, the research question if public media reports which relate concrete banks to concrete allegations of money laundering…
Changes in credit score, transaction volume, customer characteristics, and the probability of detecting suspicious transactions
Endre J. Reite, Are Oust, Rebecca Margareta Bang, Stine MaurstadThis study aims to use a unique customer-information data set from a Norwegian bank to identify how small changes in firm-specific factors correlate with the risk of a client…
The sustainability of the international AML regime and the role of the FATF. The objectivity of the greylisting process of developing jurisdictions like Pakistan
Nasir Sultan, Norazida Mohamed, Jamaliah Said, Azroz MohdThis study aims to explore the perception of the compliance officers of the Pakistani financial sector towards the placement of Pakistan on the grey list by the Financial Action…
The South African non-profit sector and its vulnerabilities to economic crime
Bernice Bissett, Philip Steenkamp, Duane AslettIn a post-pandemic society, non-profit organisations (NPOs) have become vital. A safe environment for such organisations to function in is therefore important. In spite of efforts…
How does the General Data Protection Regulation (GDPR) affect financial intelligence exchange with third countries?
Md. Zahurul HaqThis paper aims to examine the probable effect of the General Data Protection Regulation of the European Union on the transfer of financial intelligence to a third country without…
The magnitude and consequences of money laundering
Sadia Nazar, Abdul Raheman, Muhammad Anwar ul HaqThis study aims to estimate the amount of money laundering (ML) with multiple proxy approaches and measure the effects of ML on various indicators of the economic and financial…
The role of information sharing in combating money laundering: the importance and challenges of mutual legal assistance for developing jurisdictions like Pakistan
Nasir Sultan, Norazida MohamedThe study aims to explore the challenges of developing jurisdictions like Pakistan in achieving significant mutual legal assistance from the international community, especially…
Acquiring an awareness of the latest regulatory developments concerning digital assets and anti-money laundering
Mohammad Belayet HossainThe purpose of this study is to analyze the anti-money-laundering (AML) policies in place around the world for digital assets and cryptocurrencies.
The phenomenon of trade-based money laundering (TBML) – a critical review in Sri Lankan context
Dinesh Sivaguru, Kamal TilakasiriMoney laundering (ML) has become a significant challenge all over the world today. Trade-based money laundering (TBML) is a type of ML that poses a hazard to any country. In…
Bibliometric analysis of Journal of Money Laundering Control: emerging trends and a way forward
Charu Saxena, Pardeep KumarThe purpose of this study is to provide a bibliometric analysis of the Journal of Money Laundering and Control (JMLC) from 2010 to 2021 and map its way forward.
Foreign exploration of immature markets and incidence of money laundering
Nadia Hanif, Anam Javaid, Noman Arshed, Abdul RafayMoney laundering (ML) is the process used to convert the proceeds of crimes into lawful form. This global problem promotes social ills, corruption and organized crimes. Various…
The money laundering typologies and the applicability of placement-layering-integration model in undocumented South Asian economies: a case of Pakistan
Nasir Sultan, Norazida MohamedThis study aims to determine the applicability of the placement-layering-integration model of money laundering (ML) in the South Asian context with emphasis on Pakistan by…
The background, significance and legal application of self-money laundering in China
Ping HeThe purpose of this paper is to introduce the background and significance of criminalization of self-money laundering in China and to analyze its application in judicial practice.
A professional money laundering scandal; a narrative-based exploration of undocumented foreign workers in a large construction project
Hafizah Mohd Latif, Norazida Mohamed, Morrison Handley-Schachler, Azhan JalaludinMoney laundering weakens the role of the construction industry in stimulating economic growth. The purpose of this paper is to explore the connection between money laundering on…
Evolution of cannabis regulations and their overlooked link with money laundering: Australia as a critical case study
Milind Tiwari, Jamie FerrillThe purpose of this paper is to interrogate if the legal status of a cannabis affects money laundering activity. The legal status of cannabis continues to evolve globally; at the…
Strengthened rule of law to reduce corruption: evidence from Asia-Pacific countries
Rasidah Mohd-Rashid, Waqas Mehmood, Chai-Aun Ooi, Siti Zakiah Che Man, Chui Zi OngRule of law is essential in reducing corruption in a country. This study aims to investigate the factors contributing to corruption in 41 of the most competitive countries in the…
The abuse of hawala banking for terrorist financing in German-speaking countries
Fabian Maximilian Johannes Teichmann, Chiara WittmannThe purpose of this article is to determine how terrorist financiers have continued to exploit hawala banking in German-speaking countries, despite regulations in place to…
Juridical review of law enforcement on money launderers: case study from Indonesia
Meiryani, Dezie Leonarda WarganegaraEfforts to prevent and eradicate the crime of money laundering require a strong legal basis to ensure legal certainty. This paper aims to analyse law enforcement on money…
Remittances and homicides in Jamaica
Kaycea Campbell, Anupam Das, Leanora Brown, Adian McFarlaneIt has been suggested that homicides in Jamaica are partly driven by conflicts among criminals over funds coming from international lottery scams; most of these funds are…
Money laundering and sanctions enforcement: large rewards, leniency and witness protection for whistleblowers
Theo Nyreröd, Stelios Andreadakis, Giancarlo SpagnoloWith sanctions becoming an increasingly important tool in ostracising autocratic regimes from western markets, the need for effective enforcement of sanctions and anti-money…
Prevalence of money laundering and terrorism financing through stock market: a comprehensive conceptual review paper
Tooba Akram, Suresh A/I Ramakrishnan, Muhammad NaveedThis paper aims to provide a comprehensive conceptual framework and strong arguments with an intent to examine the stock market variables (predictors) indicating the money…
Anti-money laundering regulation of cryptocurrency: UAE and global approaches
Tareq Na’el Al-TawilThe purpose of this paper is to provide a high-level analysis of the intersection emerging cryptocurrency sector with anti-money laundering (AML) regulations and risk-based AML…
Does capital flight undermine growth: a case study of Pakistan
Malik Fahim Bashir, Taimur Khan, Yasir Bin Tariq, Muhammad AkramThis study aims to estimate the magnitude of capital flight from Pakistan. Furthermore, it analyzes the impact of capital flight on the economic growth of Pakistan in the short…
Interagency and global coalitions in combating illicit financial flows: the case of Nigeria
Kolawole Ebire, Patrick Olasehinde DanielsThis paper aims to assess the roles of agencies in combating illicit financial flows (IFFs) in Nigeria. Specifically, this paper explores the roles of the major anti-corruption…
Money laundering in corruption cases in Indonesia
Meiryani , Sani Muhamad Isa, Johan Muliadi KertaIn the case of money laundering (ML) originating from the predicate crime of corruption, law enforcers find it difficult to prove all or the existence of a predicate crime on…
Challenges for financial institutes in implementing robust customer due diligence in Pakistan
Nasir Sultan, Norazida MohamedThis study aims to investigates the challenges faced by Pakistani financial institutes (FIs) and regulators in implementing robust customer due diligence measures.
Money laundering through raw diamonds
Fabian Maximilian Johannes Teichmann, Marie-Christin FalkerThis paper aims to illustrate how illegally obtained funds are laundered through raw diamonds in Austria, Germany, Liechtenstein and Switzerland.
ISSN:
1368-5201Online date, start – end:
1997Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditors:
- Dr Li Hong Xing
- Prof Barry Rider
Further Information
