... 03 2023 30 01 2024 30 01 2024 © Emerald Publishing Limited 2024 Emerald Publishing Limited Licensed re-use rights only Free banking Blockchain Adam Smith’s wealth of nations Hayek Cryptocurrencies Money laundering Cryptos vary in stability, volatility...

...Isaac Ofoeda Purpose This study aims to examine the impact of anti-money laundering (AML) regulations on financial inclusion using a comprehensive measure of AML regulations developed by the Basel Institute on Governance. Again, this study investigates the existence of threshold effects in the AML...

...Nadir Hussain; Salman Masood Sheikh; Ijaz Hussain Shah Purpose Corruption and money laundering (ML) are severe concerns for both developing and developed countries. According to international organizations, such as Transparency International, the Basel Institute on Governance and the International...

...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...

...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...

.... Evidently, the compliance mechanisms aimed at preventing money laundering and terrorism financing can be easily circumvented. Research limitations/implications This study’s findings are limited to the perspectives of 70 interviewees. Hence, it is possible that a study with a larger sample conducted...

...Emmanuel Senanu Mekpor; Anthony Aboagye; Jonathan Welbeck Purpose This paper aims to compute a measure for anti-money laundering/counter-financing of terrorism (AML/CFT) compliance and investigate its determinants. Design/methodology/approach Using the Financial Action Task Force (FATF...

...Norman Mugarura Purpose – Money laundering schemes are inextricably linked to corruption whereby the latter is utilised either as “a means to an end or as an end in itself”. The prevalence of one of these offences in a country usually signifies the prevalence of the other. The foregoing...

...Ameya Kelkar; Asha Rao Purpose Money laundering is a financial crime that does not directly affect a business but poses a serious threat to a nation's stability and security. The Australian Anti‐money Laundering and Counter Terrorism Financing Act (AML/CTF Act – the Act) passed into law in 2006...

...Norman Mugarura Purpose The purpose of this paper is to underscore the current supranational anti‐money laundering (AML) regimes articulating challenges of harnessing them as a robust framework. Some aspects of the above framework are created under the auspices of the United Nations treaties, some...

...Jos de Wit Purpose The purpose of this paper is to present a risk‐based approach to anti‐money laundering (AML) systems. Design/methodology/approach The paper covers the areas of: customer due diligence, customer acceptance, risk management and implementation. Findings Regulators...

...Marcus Killick; David Parody Purpose The purpose of this paper is to discuss the implementation of effective risk‐based anti‐money laundering (AML)/combating the financing of terrorism (CFT) systems of control in order to properly address the risks facing the financial services industry. It seeks...

... of prepaid electronic value, the regulatory requirements on banks and e‐money institutions and the application of anti‐money laundering requirements. Europe Electronic commerce Money laundering Telecommunication services Journal of Financial Regulation and Compliance Volume 13 Number 4 Commission...

...Andrew Proctor This paper sets out how the FSA intends to use enforcement tools to support its financial crime strategy and reduce the risk that regulated firms are used to further money laundering. It reiterates that public enforcement action is only one of a wide range of regulatory tools...

...Frank Veyder How to fight money laundering and comply with anti‐money laundering legislation in a way that is both cost effective and precise? Many banks are struggling with this question. This paper presents a case study discussing the pros and cons of implementing a transaction monitoring system...

.... ABSTRACT KEYWORDS: enforcement, market abuse, money laundering, listing rule breaches, mis-selling On 1st December, 2001, the Financial Services Authority (FSA) became responsible for enforcement and discipline in respect of the UK s nancial services industry. At the same time, its enforcement teeth...

...Antony Whitehouse © Emerald Group Publishing Limited 2003 Money laundering Legislation Proceeds of crime MLAC JMLSG FSA Journal of Financial Regulation and Compliance Volume 11 Number 2 A brave new world: The impact of domestic and international regulation on money laundering...

...Eva H.G. Hüpkes On 9th July 2002, the Swiss Federal Banking Commission (SFBC) published for consultation a proposal for a new SFBC Money Laundering Regulation. The draft regulation proposes stricter rules for banks and securities dealers to prevent money laundering and financing of terrorism...