Journal of Money Laundering Control
Issue(s) available: 99 – From Volume: 1 Issue: 1, to Volume: 25 Issue: 3
Volume 18
Global money laundering appeal index: application of principal component analysis
Milind Tiwari, Adrian Gepp, Kuldeep KumarThe paper aims at developing a global ranking system determining a country's appeal as a destination for money laundering.
Providing a headquarters for business to a company from the same capital group and the status of an obligated institution
Paulina LedwońBy implementing Directive (EU) 2015/849 of the European Parliament and of the Council of May 20, 2015, the Polish legislator decided to pass the Act of 1 March 2018 on…
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…
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…
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…
Challenges faced by financial institutes before onboarding politically exposed persons in undocumented Eastern economies: a case study of Pakistan
Nasir Sultan, Norazida MohamedThis study aims to evaluate and investigate the existing process of establishing a banking relationship with politically exposed persons.
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…
Financial intelligence unit of Pakistan: an evaluation of its performance and role in combating money laundering and terrorist financing
Nasir Sultan, Norazida MohamedThis study aims to determine the performance of the Pakistani financial intelligence unit in combating money laundering/terrorist financing in local and global contexts.
Financial fraud detection: the use of visualization techniques in credit card fraud and money laundering domains
Mark E. LokananThis paper aims to reviews the literature on applying visualization techniques to detect credit card fraud (CCF) and suspicious money laundering transactions.
Money laundering risk management in multiple-purpose financial institutions in Mexico: a Bayesian network approach
José Francisco Martínez-Sánchez, Francisco Venegas-Martínez, Gilberto Pérez-LechugaThis paper aims to develop a money laundering risk management model for multiple-purpose financial institutions (SOFOMES, Spanish acronym for “Sociedades Financieras de…
Effectiveness of regulatory technology implementation in Indonesian banking sector to prevent money laundering and terrorist financing
Meiryani Meiryani, Gatot Soepriyanto, Jessica AudreliaMoney laundering and terrorism financing use the banking sector system illegally and result in enormous losses for the state and nation. Regulatory Technology (RegTech) is…
Using graph database platforms to fight money laundering: advocating large scale adoption
Milind Tiwari, Jamie Ferrill, Vishal MehrotraThis paper advocates the use of graph database platforms to investigate networks of illicit companies identified in money laundering schemes. It explains the setup of the…
Money laundering in Ethiopia: an analysis of typologies and techniques
Messay Asgedom GobenaThe purpose of this study is to identify money laundering typologies and techniques in Ethiopia.
A study of Malaysian anti-money laundering law and the impact on public and private sector
Fahmi Bin Adilah, Mohd Zamre Mohd Zahir, Hasani Mohd. Ali, Muhamad Sayuti HassanThe objectives of this study are to analyse the present Malaysian law regarding money laundering, to identify advantages and disadvantages of the current anti-money…
Too lengthy and too low: an analysis of the sanctions imposed by Argentina’s Financial Information Unit between 2016 and 2019
Juan Agustin Argibay MolinaThis paper aims to evaluate how Argentina’s Financial Information Unit (Unidad de Información Financiera, FIU) has responded after detecting noncompliance with money…
How money laundering (ML) affects the loan portfolio quality of Islamic banks?
Ijaz Hussain Shah, Kinza Aish, Islam KashifThis research aims to examine the impact of money laundering (ML) and corruption on the asset quality of conventional and Islamic banks.
The thin line between corporate gift, hospitality and corruption: a legal study on Malaysia’s and the UK’s position
Nur Hazirah Ahamad Kuris, Mohd Zamre Mohd Zahir, Hasani Mohd Ali, Muhamad Sayuti HassanCorporate gift-giving and hospitality are some of the high-risk areas for corruption. This paper aims to see comparisons between the Malaysian Ministerial Guidelines and…
Trade-based money laundering and informal remittance services: implications on the sustainability of the balance of payments of a small open economy
Sisira Dharmasri JayasekaraThis study aims to discuss the consequences of trade-based money laundering (TBML) and informal remittance services on the sustainability of the position of balance of…
The use of predictive modeling to identify relevant features for suspicious activity reporting
Emmanuel Hayble-GomesThe purpose of this study is to explore and use artificial intelligence (AI) techniques for identifying the relevant attributes necessary to file a suspicious activity…
Integral representation method based efficient rule optimizing framework for anti-money laundering
Tamás Badics, Dániel Hajtó, Kálmán Tornai, Levente Kiss, István Zoltán Reguly, István Pesti, Péter Sváb, György CsereyThis paper aims to introduce a framework for optimizing rule-based anti-money laundering systems with a clear economic interpretation, and the authors introduce the…
The role of legal professionals in the European and international legal and regulatory framework against money laundering
Elissavet-Anna ValviThe aim of the present study is to shed light on the role of legal practitioners, namely, lawyers and notaries, in the fight against money laundering: Are they considered…
Compliance determinants of anti-money laundering regime among professional accountants in Malaysia
Masetah Ahmad Tarmizi, Salwa Zolkaflil, Normah Omar, Suhaily Hasnan, Sharifah Nazatul Faiza Syed Mustapha NazriMoney laundering offences occur worldwide, with recent discussions involving issues related to the low levels of compliance among professional accountants towards the…
Biases in risk assessments under EU anti-money laundering law – evidence of the better-than-average effect from Germany
Lars HaffkeAnti-money laundering (AML) obligations follow a risk-based approach, making their extent subject to the degree of AML risk. Money Laundering Reporting Officers (MLROs…
Explaining prosecution outcomes for cryptocurrency-based financial crimes
Arianna Trozze, Toby Davies, Bennett KleinbergCryptocurrencies have been used to commit various offences, but enforcement efforts remain underdeveloped relative to the value of these crimes. This paper aims to examine…
Plea bargain dilemma, financial crime and asset recovery
Muhammad Saleem Korejo, Ramalinggam Rajamanickam, Muhamad Helmi Md. Said, Erum Naseer KorejoThis paper aims to debate moral and legal dilemma embedded with plea bargaining (PB) and raises a question whether the approach of “PB” is a viable tool to tackle…
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…
From crime prevention to norm compliance: anti-money laundering (AML) policy adoption in Singapore from 1989–2021
Rishik Elias MenonPolicy mobility scholarship concerning anti-money laundering (AML) has typically favoured the study of power structures and interests to the neglect of the constructivist…
The effect of corporate lobbying on fraud and money laundering
Mahdi Salehi, Fatemeh NorouziThis study aims to assess the effect of corporate lobbying power on fraud and money laundering in listed firms on the Tehran Stock Exchange. For the study, the information…
Financial intelligence (monitoring) of the transactions with virtual assets: new legislation and best practices of foreign countries
Maryna Utkina, Roman Samsin, Maksym PochtovyiThis paper aims to illustrate how virtual assets are used in such criminal offenses as money laundering and seeks to study the role of financial intelligence (monitoring…
Accountability in anti-money laundering – findings from the banking sector in Finland
Juuli Juntunen, Henri TeittinenThe purpose of this study is to explore how the banking industry seeks to prevent money laundering and how the phenomenon is reflected in practice in the daily work of…
The effect of social and intellectual capital on fraud and money laundering in Iraq
Mahdi Salehi, Hasanain Ali Mohammed Al-Msafir, Saeid Homayoun, Grzegorz ZimonThis study aims to assess the relationship between intellectual and social capital and financial statement fraud and money laundering of Iraqi firms before and after the…
Central bank digital currency research around the world: a review of literature
Peterson K. OziliThe purpose of this paper is to gain some insight into central bank digital currency research by reviewing the recent advances in central bank digital currency (CBDC…
Developing a laundered funds destination theory: applying the Walker–Unger gravity model to US-based money launderer country preference from 2000 to 2020
Juan Roman, Thomas SchaeferAlthough economists and academics have studied money laundering for several decades, there continues to be gaps in the research due to a lack of reliable data on money…
Money laundering risk judgement by compliance officers at financial institutions in Malaysia: the effects of customer risk determinants and regulatory enforcement
Ainul Huda Jamil, Zuraidah Mohd-Sanusi, Yusarina Mat-Isa, Najihah Marha YaacobThis paper aims to provide an empirical analysis of the effects of regulatory enforcement and customer risk determinants on money laundering risk judgment. The study…
Third-party and creditor rights: provisional attachment under §5 of the Indian PMLA, 2002
Sarthak Sethi, Kevin DavisThe purpose of this paper is to consider the effect of the Prevention of Money Laundering Act (PMLA), 2002 on the property rights of third parties, by evaluating whether…
Combatting the financing of hate groups
Austin Eggers, Jeffrey HobbsThis study aims to make the reader aware of recent changes in the white supremacist movement and how such changes have altered the ways in which the movement can be combatted.
Money laundering in the United Arab Emirates: the risks and the reality
Fabian Maximilian Johannes Teichmann, Chiara WittmannThis study aims to examine the possibility of laundering money through the United Arab Emirates (UAE), the perceived risk and the stark reality. That money laundering…
The comparative analysis of regulations in the Italian Republic and the Russian Federation against cryptolaundering techniques
Katsiaryna Bahamazava, Stanley ReznikIn the age of DarkNetMarkets proliferation, combatting money laundering has become even more complicated. Constantly evolving technologies add a new layer of difficulty to…
Peculiarities of countering legalization of criminal income with the help of virtual assets: legislative regulation and practical implementation
Mykhailo Dumchikov, Oleg Reznik, Olha BondarenkoThe purpose of this paper is to define and characterize peculiarities of countering the legalization of criminal income with the help of virtual assets.
Regulated sector professionals and reporting suspicion of money laundering: is it a disproportionate burden?
Muhammet Emir ÇelikThe purpose of the research paper is to determine the efficiency of all crimes approach, their relationship with a risk-based approach and the consequences on regulated…
Barriers and solutions to cross-border asset recovery
Ari WibowoThis study aims to first analyze the inhibiting factors for cross-border asset recovery and, second, analyze the solutions to any barriers to cross-border asset recovery.
A critical analysis of the anti-money laundering legal and regulatory framework of Mauritius: a comparative study with South Africa
Ambareen Beebeejaun, Lubnaa DullooIndeed, the value of money laundering globally is between 2% and 5% of the world’s gross domestic product, which represents $800bn to $2tn per year. There is therefore a…
Combating the crimes of money laundering and terrorism financing in Nigeria: a legal approach for combating the menace
Olusola Joshua Olujobi, Ebenezer Tunde YebisiThis study aims to investigate the Federal Government’s failure to combat money laundering and terrorism financing and the various hurdles to enforce the Money Laundering…
Money laundering influence on financial institutions and ways to retaliate
Darshan Kumar, Mark Eshwar LokananThis paper aims to advance the professional knowledge, experience and expertise of anti-money laundering (AML) professionals by focusing on how money laundering (ML…
Asset recovery practices in combating money laundering: evidence from FATF mutual evaluation report of FATF member countries of Asia pacific region
Salwa Zolkaflil, Sharifah Nazatul Faiza Syed Mustapha Nazri, Normah OmarThis study aims to understand the member countries’ current asset recovery mechanism based on two elements, namely, confiscation policy and asset recovery management framework.
Challenges resulting from hawala banking for anti-money laundering and anti-terrorist financing policies of Swiss banks
Fabian Maximilian Johannes Teichmann, Chiara WittmannThe purpose of this paper is to illustrate threefold how hawala banking poses a problem for Swiss banks implementing anti-money laundering (AML) and anti-terrorist…
Customer’s awareness, trust, discomfort and acceptance of anti-money laundering practices in Malaysian Banks
Zuliera Zariz Azman Aziz, Seri Ayu Masuri Md DaudThis study aims to examine the associations between customers’ awareness of money laundering and terrorism financing, trust in banking secrecy measures and discomforts in…
Combating money laundering with machine learning – applicability of supervised-learning algorithms at cryptocurrency exchanges
Eric Pettersson Ruiz, Jannis AngelisThis study aims to explore how to deanonymize cryptocurrency money launderers with the help of machine learning (ML). Money is laundered through cryptocurrencies by…
The existing financial intelligence tools and their limitations in early detection of terrorist financing activities
Hussain Syed GowhorThis paper aims to inform the readers about the existing financial intelligence tools that are being used by financial intelligence units. It tries to demonstrate, with…
Could banning virtual assets be a breach of the doctrine of legitimate expectation?
Md. Zahurul Haq, Kazi Fahmida Farzana, Moniruzzaman MdThis paper aims to examine the validity of a state’s prohibition on virtual assets in the context of its global commitment to battle against money laundering.
Anti-money laundering and counter-terrorism financing disclosure by money exchange providers in the GCC countries
Md Abubakar Siddique, Haitham Nobanee, Osama Fayez Atayah, Mohammed Khereldin BayzidThe purpose of this paper is to measure anti-money laundering (AML) and counter-terrorism financing (CTF) disclosures by money exchanger providers in the Gulf Cooperation…
Institutionalizing the fight against money laundering in Tanzania: the potential, limitations and challenges
Eugene E. MniwasaThis paper aims to examine the authorities tasked to fight against money laundering in Tanzania and appraise the efficacy of the country’s anti-money institutional…
Why money laundering is nurtured in Ethiopia?
Messay Asgedom GobenaThe purpose of this paper is to examine the divers and facilitators of money laundering in Ethiopia. Specifically, it looks at the risk factors that existed in the…
Review of information asymmetry in banking in the Russian Federation
Imeda A. Tsindeliani, Irina E. MikheevaThe purpose of this study is to identify the prospects and main directions for improving Russian legislation on the protection of the rights of consumers of financial…
Effects of trade misinvoicing on money laundering in developing economies
Bello UmarThis study aims to define the concepts and determine the extent to which trade misinvoicing influences money laundering activities in developing countries.
Do Islamic banks gain from corruption and money laundering (ML)?
Kinza Aish, M. Kabir Hassan, Qamar Uz Zaman, Sadaf Ehsan, Khurram Abbas, Ijaz Hussain ShahThis paper aims to examine the impact of corruption and money laundering (ML) on the profitability and stability of Islamic banks.
A nexus between corruption, money laundering (ML) and inflation: evidence from South Asian countries
Ijaz Hussain Shah, Kinza AishMany studies of corruption and money laundering (ML) have been conducted throughout the previous few decades. The impact of corruption and ML on economic growth, banking…
Crime scripting the criminal activities of money laundering – holistically
Nicholas GilmourThis paper aims to demonstrate the benefit of applying crime script analysis at a macro level to expose money laundering as an interconnected series of events that…
Does holding offshore jurisdictions to higher AML standards really assist in preventing money laundering?
Andrew James PerkinsThis paper aims to contend that when tackling financial crimes such as money laundering and terrorist financing, international regulators are seeking to hold offshore…
The international fraud triangle
Anastasia Cheliatsidou, Nikolaos Sariannidis, Alexandros Garefalakis, Jamel Azibi, Paschalis KagiasFraud omnipresent in the media, the corporate world and the academic literature has attracted a great deal of research interest. Fraud and its various types and forms have…
Global sanctions against corruption and asset recovery: a European approach
Georgios PavlidisThis paper aims to critically examine whether it is timely and actionable for the European Union (EU) to adopt a global sanctions regime against corruption and how such a…
Fair value accounting practices in the banking industry: a possible opportunity to launder money through manipulated performance
K.L. Wasantha Perera, Roshan Ajward, Sisira Dharmasri JayasekaraThe purpose of this paper is to discuss the possible money laundering threats in fair value accounting practices giving particular attention to the list of predicate…
Can Latin America AML effectiveness impact corruption prevention?
Sarahí Cruz Salazar, Marcio Adriano AnselmoThe purpose of this paper is to analyze the effectiveness of the Financial Action Task Force (FATF’s) recommendations in Latin America in the fight against Money…
Improving the detection and reporting of suspicious financial transactions: the Spanish case
Joel Harry Clavijo SunturaThe purpose of this paper is to analyze the obligation of regulated entities to detect unusual and suspicious transactions and to report them to external control bodies…
Policies, instrumentalities, compliance and control: combatting money laundering in Bangladesh
Habib Zafarullah, Halima HaqueMoney laundering (ML) has become a global threat in recent years, impacting both developed and poor countries. Developing an efficient anti-money laundering (AML) regime…
Alternate remittance systems in Ghana: a trade enabler or an organised fraud
Alexander Asmah, Williams Abayaawien AtuilikAlternate remittance systems (ARS) are inherently not illegal; however, the nature of their activities has mostly been linked with money laundering and terrorist…
Financial intelligence (monitoring) as an effective way in the field of combating money laundering
Oleg Reznik, Maryna Utkina, Olha BondarenkoThe purpose of the article is to analyze the notion of “financial intelligence (monitoring)” in the system of combating money laundering and compare foreign financial…
Exploring infiltration behaviour by organised crime groups
Mariska Fourie, Philip Steenkamp, Jacqui-Lyn McIntyre-Louw, Clinton OellermannThis paper aims to provide a holistic view of infiltration behaviour by organised crime groups (OCGs), with a specific focus on the methods used to access the legal…
A qualitative study exploring challenges in money laundering investigations
Syed Mahmood Ali ShahThis study aims to investigate the behavior of investigating officers in performance of their official duties of conducting inquiries and investigations of money…
Trinidad and Tobago and money laundering control: a country committed to strengthening the link
Sherene Alicia Murray-BaileyIn 2008, the author wrote on the Concept of “Money Laundering Control: The Missing Link in Trinidad and Tobago. Now, approximately two years after that seminal assessment…
Nigeria’s upstream petroleum industry anti-corruption legal framework: the necessity for overhauling and enrichment
Olusola Joshua OlujobiThis study aims to investigate why anti-corruption statutes are not efficient in Nigeria’s upstream petroleum industry.
Financial crimes in the real estate sector in Austria, Germany, Liechtenstein and Switzerland
Fabian Maximilian Johannes TeichmannThe purpose of this paper is to demonstrate how criminals commit financial crimes in the real estate business in Austria, Germany, Liechtenstein and Switzerland.
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.
Money laundering through exchange offices
Fabian Maximilian Johannes Teichmann, Marie-Christin FalkerThe purpose of this paper is to illustrate how money launderers circumvent compliance measures by using exchange offices to launder incriminated funds.
Current developments in money laundering and terrorism financing
Fabian Maximilian Johannes TeichmannWhilst the existing literature focuses on developing prevention mechanisms for banks, this paper aims to demonstrate the ongoing feasibility of money laundering and…
Money laundering – the gold method
Fabian Maximilian Johannes Teichmann, Marie-Christin FalkerThe purpose of this paper is to demonstrate how illicit funds are laundered by using the gold method in German-speaking European countries.
Presenting a legal and regulatory analysis of the United Arab Emirates’ past, present and future legislation on combating money laundering (ML) and terrorist financing (TF)
Mohammed Ahmad NaheemThis paper aims to study the three levels of anti-money laundering (AML) and combating of terrorist financing (CTF) regulations that apply to banks and financial…
ISSN:
1368-5201Online date, start – end:
1997Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditors:
- Dr Li Hong Xing
- Prof Barry Rider
Further Information
