...Anita Golzarjannat; Robin Gustafsson Purpose As sustainability regulations tighten, Regulatory Technologies (RegTech) solutions have become more crucial, enabling real-time monitoring, predictive risk analytics, automated reporting and data-driven decision-making to support compliance. The purpose...

...Bahriye Basaran-Brooks Purpose Already suffering reputational damage from the global financial crisis, banks face a further loss of trust due to their poor money laundering (ML) compliance practices. As confidence-driven institutions, the loss of reputation stemming from inadequate compliance...

... findings from the analysis of semi-standardised interviews are limited to the 30 interviewees’ perspectives. Practical implications Identification of gaps in existing CFT mechanisms provides compliance officers, law enforcement agencies and legislators with valuable insights into how criminals operate...

...Hela Borgi; Yosra Mnif Purpose The purpose of this study is to investigate the effect of enforcement, and more particularly government quality and the stock market development, on compliance with International Financial Reporting Standards (IFRS) disclosure requirements in 12 African countries...

...Fabian Maximilian Teichmann; Marie-Christin Falker Purpose This paper aims to demonstrate how illicit funds are being laundered through underground currency exchange networks. Design/methodology/approach Sixty interviews with money launderers and compliance officers were conducted to identify...

... of 28 semi-standardized expert interviews with both criminals and prevention experts, and a quantitative survey of 200 compliance officers led to the identification of concrete money-laundering techniques involving the employment of consulting companies. Findings Consulting companies continue...

... a qualitative content analysis of 60 semi-structured expert interviews with both criminals and money laundering prevention experts, and a quantitative survey of 200 financial sector compliance officers. Findings Some banks in Dubai are highly suitable for all stages of the money laundering process. However...

... approaches to this and other FinTech developments. Regulation Compliance Insurance FinTech Blockchain Sandbox To critically apply blockchain to the insurance industry, it is crucial to establish the type of innovation blockchain brings to insurance, the functions that allow insurance...

... to take compliance issues into account. It is found that multinational corporations should eliminate. Research limitations/implications This study’s findings are limited to the perspectives of 30 interviewees. Hence, it is possible that a study with a larger sample conducted in different countries...

... subjected to qualitative content analysis. Based on the findings, a quantitative survey of 200 compliance officers was carried out. Findings The interviews and survey revealed concrete techniques of laundering money and financing terrorism through the financial services industry and its affiliates...

...David Mutua Mathuva; H. Gin Chong Purpose This paper aims to utilize institutional theory to examine the impact of the 2008-2010 regulatory reforms on compliance with mandatory disclosures by savings and credit co-operatives (SACCOs) in Kenya. Design/methodology/approach Two-stage least...

...Mohammed Ahmad Naheem Purpose – This paper aims to provide an analysis of the HSBC Swiss bank accounts scandal, from the perspective of anti-money laundering (AML) compliance, and considers the future AML implications for the banking sector and HSBC. It reviews the use of a whistleblower...

...Lukasz Prorokowski Purpose – This paper aims to discuss the impact of nascent Markets in Financial Instruments Directive (MiFID II) initiatives and, thus, to deliver practical insights into MiFID II implementation, compliance and cost reduction MiFID II constitutes the backbone for the upcoming...

..., and the monitoring and elimination of practices promoting excessive risk. GCC compliance regimes through multinational organizations and the exposure of the region to cross-border financial linkages to test for financial soundness are assessed. Findings – Overall, results indicate that comprehensive regulatory...

...Paola Musile Tanzi; Giampaolo Gabbi; Daniele Previati; Paola Schwizer Purpose The purpose of this paper is to focus on changes in the compliance function within major European banks and other financial intermediaries and on the effects of Markets in Financial Instruments Directive (MiFID...

...Jonathan Edwards; Simon Wolfe Compliance is key to the operation and reputation of the financial services sector and is now completely embedded in the way financial services organisations carry on investment business. It is also fundamental to the Financial Services Authority (FSA) in seeking...

...Virginia Garcia If financial services institutions (FSIs) do not comply with a variety of new regulations they can face criminal charges. Despite budget pressures they must therefore continue to invest in technologies in support of their compliance mandate. This paper describes the major...

...Jonathan Edwards This paper considers the meaning of the term ‘compliant competent life assurance companies’, within the current regulatory regime. It defines the terms of competence and compliance in the context of the change of emphasis from individual to corporate compliance competence...