... of the AML regime in Pakistan due to changes in structural financial criminals and international obligation on the part of Pakistan to have better AML laws. The State Bank of Pakistan (SBP) has the monumental task of ensuring that all the banks and other financial institutions promote AML measures since...

...Olha Bondarenko; Maryna Utkina; Oleg Reznik; Mykhailo Dumchikov Purpose The 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 field of counteracting and combating...

...Darshan Kumar; Mark Eshwar Lokanan Purpose This paper aims to advance the professional knowledge, experience and expertise of anti-money laundering (AML) professionals by focusing on how money laundering (ML) impacts a variety of financial institutions (FIs) and in what ways the FIs can retaliate...

...Muhammad Saleem Korejo; Ramalinggam Rajamanickam; Muhamad Helmi Md. Said Purpose Money laundering (ML) is one of the greatest challenges, the global community faces today. Corporate entities such as financial institutions (FIs) are most susceptible to facilitate and launder money. The paper raises...

...Ehi Eric Esoimeme This paper aims to help build awareness with financial institutions about the money laundering risks posed by individuals who have been unknowingly recruited as Money Mules and the measures that financial institutions can adopt to detect illicit funds which are being received...

... applied to financial institutions. According to the 2012 FATF Recommendations [Recommendation (R)10(i), (ii), (iii) and (iv)] (FATF, 2012), a financial institution should be required to undertake CDD measures when: The FATF and other international institutions (e.g. the Basel Committee...

... Appeal relating to the dealing of proceeds of crime offence. Also, a guideline case on sentencing is also examined. In terms of legislation, the author briefly outlines the main provisions of the newly enacted AML and Counter-Terrorist Financing (Financial Institutions) Ordinance. Findings...

... burdens placed on financial institutions as a result of this marriage are discussed. Findings The paper, while recognising the importance of targeting terrorist money, contends that inherent differences exist between money laundering and terrorist financing, and fusing them together is a hasty...

... system of financial institutions (by retailers and others who are not concerned with CDD). Those payment devices are being used to load cash. Jeffrey Simser can be contacted at: jeffsimser@yahoo.ca © Emerald Group Publishing Limited 2013 Money laundering Fraud Corruption Financial...

... acknowledged nexus between corruption and money laundering, a robust AML regime can be effectively utilised by Iraq to combat endemic public sector corruption. This regime must involve a system where financial institutions at their own expense monitor transactions and file suspicious transaction reports...

...Jeffrey Simser Purpose The purpose of this paper is to explore countering the financing of terrorism and its impact on financial institutions. Design/methodology/approach Actual examples of terrorist financing are considered, as well as the international and Canadian framework for financial...

...Abdullahi Y. Shehu Purpose The purpose of this paper is to discuss the impact of the recent financial crisis and the need for prudential management and effective supervisory and regulatory measures in ensuring the stability and integrity of the financial sector, especially financial institutions...

...Konyin Ajayi; Hamid Abdulkareem Purpose The purpose of this paper is to discuss the issues faced by financial institutions in detecting threats to their stability and integrity, and taking adequate steps to ensure that those who engage in abuse are detected and sanctioned. The focus...

...Jerry Hart Purpose The purpose of this paper is to discuss the findings of a security research project commissioned by a financial institution to identify security breaches that could facilitate illicit access to confidential information. Design/methodology/approach Using penetration...

... of the AML regulations elaborated by the policy makers. Research limitations/implications The paper limits its scope to the study of money laundering (ML) prevention focusing on the financial institutions – banks – which play the most important role in Russian AML network. Practical implications...

...Natalya Subbotina Purpose The purpose of this paper is to analyze the anti‐money laundering (AML) legislation created by the Russian regulator for the financial institutions with the aim to test banks' compliance with it. Design/methodology/approach Comparative analyses based on the data...

... are created for the assessment of the global regime efficiency. © Emerald Group Publishing Limited 2008 Money laundering Financial institutions Russia International cooperation Money laundering (ML) has, undoubtedly, become a significant issue not only in international community but also...

... by practitioners in the region. Findings It was discovered that the long‐term implications of US attitudes towards AML control had an effect of putting SE Asian financial institutions at a financial disadvantage when they came to deal with US regulatory demands, and that the question thereby raised was whether...

... more effective. Originality/value It is hoped that the study would encourage similar studies in respect of other FIUs and help in contributing to making the global financial‐intelligence regime more robust. Financial institutions Australia India Money laundering Crimes A financial...

..., designated the Commercial Bank of Syria (CBS) and its subsidiary the Syrian Lebanese Commercial bank as a “financial institution of primary money laundering concern” (www.treas.gov/press/releases/js1538.htm). The press release from the treasury cited the authorities' belief that the bank had been used...