- White Collar Crime
Money Laundering
- Crime and Justice 34(1)
- Cardiff University
- University of Maryland, College Park
Abstract and Figures
Discover the world's research
- 25+ million members
- 160+ million publication pages
- 2.3+ billion citations
- J FINANC ECON
- Kaiwen Leong
- Christoph Walsh
- McKay White
- Alexandra Lyn
- Bernardette Naa Hoffman
- Katharina Stoll
- Yona Wanjala
- Eur J Crim Pol Res
- Stephen Flowerday
- James Eagan
- Joshua Brand
- Rian Matanky-Becker
- James H. Frey
- James F. Smith
- Jack A. Blum
- R. Thomas Naylor
- Peter M. Gutmann
- J CRIM LAW CRIM
- C. P. Simon
- A. D. Witte
- Ulrike Suendorf
- DAVID GARLAND
- Recruit researchers
- Join for free
- Login Email Tip: Most researchers use their institutional email address as their ResearchGate login Password Forgot password? Keep me logged in Log in or Continue with Google Welcome back! Please log in. Email · Hint Tip: Most researchers use their institutional email address as their ResearchGate login Password Forgot password? Keep me logged in Log in or Continue with Google No account? Sign up
Academia.edu no longer supports Internet Explorer.
To browse Academia.edu and the wider internet faster and more securely, please take a few seconds to upgrade your browser .
Enter the email address you signed up with and we'll email you a reset link.
- We're Hiring!
- Help Center
PhD Thesis - Anti Money Laundering Regulation - VIRITHA.pdf
Related Papers
The aim of this study was to assess the level of awareness and acceptance of bank customers regarding anti-money laundering (AML) practices of banks. The study also aimed to understand their constraints in following the bank’s AML practice. The target population was account holders of the banks above the age of 18 years, residing in the Puducherry and Chennai regions in India. Convenience sampling was adopted in selecting the sample from these states. The sample consisted of 416 customers of the public, private and foreign banks in India. The responses were collected by administering the pre-tested structured questionnaire. The data was collected during the period June–December 2014. Descriptive and non-parametric tests were applied, and the significance was considered at p = 0.5. Respondents showed low level of awareness with regard to usage of banks as a channel for money laundering (ML) and terrorism financing (TF) activities (62.3 per cent), reporting function of the banks (70.4 per cent), AML and combating financing of terrorism (CFT) legislation (86.3 per cent) and about the existence of Financial Intelligence Unit (FIU)-India and its function (96.9 per cent). The customers were quite aware of ML (62.5 per cent) and customer identification requirements (95.2 per cent). The participants exhibited neutral attitude towards acceptance of AML measures (3.11 ± 1.31). The descriptive analysis showed 97.4 per cent were ready to provide their identification documents to the bank; however, 64.5 per cent of the participants were reluctant to update their Know Your Customer particulars when it has not experienced any change, and about 68.3 per cent expressed that banks should not disclose the details of their transactions to any third party including financial intelligence units.
V. Mariappan , Viritha b , Varun Venkatachalapathy
The study was conducted to assess the level of compliance with regulatory guidelines on anti-money laundering (AML) in the scheduled commercial banks in India, and to understand the bottlenecks in AML implementation. The respondents were employees working in the banks located in the States of Puducherry and Tamilnadu. Snowball sampling method was adopted in selecting the sample. The sample consisted of 392 employees from the public sector, private sector, and foreign banks in India. The data was collected by administering the structured questionnaire during the period June, 2014 to January, 2015. Descriptive and non-parametric tests were applied, and the significance was considered at þ <= 0.5. Results indicated that the banks were largely complying (3.67 1.39) with the AML measures under study. The compliance with guidelines on KYC updation was found to be higher (79.9 per cent), followed by reporting requirements (72.7 per cent), and customer identification procedures (57.4 per cent). The practice of customising or amending the AML policy of the bank according to the bank’s business risks and evolving regulatory obligations was found unsatisfactory (67.1 per cent). The respondents in majority agreed to the identified issues such as deficit of resources, lack of customer support, training, feedback and information exchange as constraints in the practice of AML.
CGAP Focus …
Jennifer Isern , David Porteous
pp. 82-93 in R.K. Mishra, S. Sreenivasa Murthy and J. Kiranmai (eds.) Contemporary Challenges for the Indian Banking Sector, Bloomsbury Publishing India Pvt. Ltd., New Delhi, 2012.
G. Sreekumar, Ph.D. , L. Prakash Sai
Loading Preview
Sorry, preview is currently unavailable. You can download the paper by clicking the button above.
- We're Hiring!
- Help Center
- Find new research papers in:
- Health Sciences
- Earth Sciences
- Cognitive Science
- Mathematics
- Computer Science
- Academia ©2024
COMMENTS
5.2 Global Anti-Money Laundering Guidelines for Private Banking (Wolfsberg Principles) 37 5.3 Egmont Group 39 6. Prevention of Money Laundering by the G7/8 39 6.1 Money Laundering Countermeasures Adopted during 1994 and 2000 40 6.2 Money Laundering Countermeasures Adopted during 2001 and 2006 41 6.3 Financial Action Task Force 43 7.
1 Money Laundering Control: A Guide for Registered Accountants and Auditors (June 2013), 10. 2 FATF Annual Report, 2002-2003, 1. ... 8 De Jager, M, 'The Act of Money Laundering', Unpublished LLB dissertation, University of Pretoria, 2016, 19. 9 Economic Effect of Money Laundering
money laundering in the banking sector. The objectives of the study are to establish the causes of money laundering in the Kenyan banking sector; the challenges hindering effective enforcement of money laundering laws and regulations in the banking sector; on one hand, and the other to suggest possible measures that would help deter the crime.
According to Zakiah and Ahmad (2012), money laundering is a crime of. concealment; it involves a process of hiding the origin or identity of the source of funds. In 2009, criminal assets accounted for 3.6% of the worldwide GDP with 2.7% or 1.6. trillion dollars being laundered (Khrawish, 2014).
To put this in simple terms, money laundering refers to 'financial transaction scheme which aims to. conceal the identity, source, and destination of illicitly-obtained money'.56 The empirical study of the. money laundering phenomenon first started between the 1970s and 1980s where 'some suspected.
This thesis examines money laundering and AML techniques, drawing on ideas from the science, technology and society (STS) tradition. It explains the driving forces behind enhanced international action against the problem and demonstrates that an international AML regime has emerged.
According to Buchanan (2004), the process of money. laundering comprises three stages, namely placement, layering and integration. With the growing concerns in the US regarding the movements of ...
assessing the implication of cannabis regulations on money laundering; and, finally, developing a money-laundering attractiveness index. This dissertation first conducts a thematically systematised literature review to identify the extent of research conducted on money laundering. The complexity of techniques adopted
banks in combating the money laundering is reviewed. In doing so the different types of the banks' anti-money laundering obligations are regarded. The thesis follows with the research of the banks' civil liability if they have failed to properly enforce the anti-money laundering measures and by doing so have caused losses to their customers.
This PhD thesis adheres to the literature of law and economics, while trying to approach the. analysis of money laundering from a conception of choice that reflects human behaviour as. real as ...
This dissertation investigates Money Laundering as a global phenomenon which undermines the economic and political stabilities of States, raising national and international concerns. The author examines the concise impact of money laundering in the economic and political structures of developing countries, looking at the legislative measures that are being taken in combating the menace of ...
sources used in this dissertation have been appropriately cited or quoted, and are indicated and acknowledged in the comprehensive list of references. RP BALOYI ... Money laundering is one of the most commonly used types of financial crime and it can hinder the operations of financial institutions. Countries, including South Africa (SA), are ...
1.1. Money Laundering from Bootlegging to Cybercrime: Legal and Historical Overview. The offence of money laundering means secondary criminalisation of financial facilitation of criminal activities, in order to provide a disincentive to the primary crime.1 Although people have engaged in money laundering for a long time, the term 'money
THE ADEQUACY AND EFFICACY OF ANTI-MONEY LAUNDERING LEGISLATIONS WITHIN THE CONTEXT OF ELECTRONIC BANKING AND INFORMAL REMITTANCE SYSTEMS IN DEVELOPING COUNTRIES ... I declare that the work presented in this dissertation is mine alone. Timinipere David March 21, 2018 . 3
laundering of the illicit proceeds most preferably through banks— trading off the risks and returns of detection against confidentiality (Mullineux and Murinde, 2003, p.553). Studies have shown that increasing the probability of detecting and/or punishing money laundering (ML) of PEPs (and predicate offences) has a negative effect on corruption.
become a criminal activity, in a sense created by a new set of laws and. regulations aimed at "money laundering.". Developed initially in the United States in the 1970s to combat use. of ...
The thesis aims to identify the current practices of anti-money laundering and counter-terrorist financing (AMLCTF) disclosure in the UK banking sector and its potential economic consequences. To achieve this aim, the thesis has three objectives. The first objective is to measure AMLCTF disclosure practices in annual reports.
MONEY LAUNDERING STUDENT: VICTOR VINYA MULE NO: G62/64734/2010 SUPERVISOR: DR. CONSTANCE WANGECHI GIKONYO A Thesis Submitted to the University of Nairobi in Partial Fulfilment of the Requirements for the Award of the Degree of Masters of Laws (LLM) 2020 DECLARATION . 2
Ur-Rehman, Haseeb, 'The convergence of anti-money laundering laws: legitimacy. and effects on offshore centres', (2010) PhD dissertation, Institute of. Advanced Legal Studies, School of Advanced Study) Van Fossen, Anthony B, 'Money laundering, global financial instability, and tax. havens in the Pacific Islands'(2003) 15 Contemporary ...
Network - are researched on synthetic data having various different combinations of money laundering typologies. This thesis contributes to existing research by comparing the performance of these four machine learning models, by comparing the performance on various money laundering typologies, and by an analysis of the performance of the ...
Respondents showed low level of awareness with regard to usage of banks as a channel for money laundering (ML) and terrorism financing (TF) activities (62.3 per cent), reporting function of the banks (70.4 per cent), AML and combating financing of terrorism (CFT) legislation (86.3 per cent) and about the existence of Financial Intelligence Unit ...
1 Money laundering and financing of terrorism. Money laundering and financing of terrorism have been topics of great concern to the world leaders, in other words the highest authorities in the world, not only as serious and highly sophisticated forms of crime but also as threats to human rights, democracy and the rule of law.
Ammattikorkeakoulut - Theseus