...). Thus, banks play a key role in detecting suspicious transactions linked to money laundering but also face high risks of criminal fund integration. As transactions volumes grow, maintaining control becomes harder, potentially weakening their role in AML. To address this, banks should invest in AI...

... Limited 2025 Emerald Publishing Limited Licensed re-use rights only Money laundering Anti-money laundering Suspicious transactions Layering Integration Fraudulent activities Data mining Machine learning Risk-based approach Artificial intelligence Money laundering (ML...

... to academics. Money laundering and Mauritius FIAMLA Mauritius FIU Risk-based approach Suspicious transactions The International Monetary Fund defines money laundering as the process of concealing assets obtained from criminal activity by obscuring the connection between the funds...

... to know their customers and to report suspicious transactions (Grant, 1995 , p. 227). As a result of this, KYC principles and KYC guidelines have evolved and become ingrained in the US AML regime as tools for banks to: prevent criminals from presenting as their legitimate customers; and reveal...

... Limited Licensed re-use rights only Other interesting facets conveyed in the internal audit of Bital include the institution’s failure to establish a specialised Compliance Department and placing responsibility for suspicious transaction reporting with client managers, “a serious internal control...