Journal of Money Laundering Control: Volume 25 Issue 1

Editorial

Barry Rider OBE

The impact of blacklists on external deposits: one size does not fit all

Michael Jonsson, Jan Pettersson, Christian Nils Larson, Nir Artzi

This study aims to measure the impact of the Non-Cooperative Countries and Territories, Organization for Economic Cooperation and Development and US PATRIOT Act Section 311…

Adopting a risk-based approach for non-profit organisations

Firas Murrar

This study aims to define how countries can implement a risk-based approach (RBA) for non-profit organisations (NPOs) by measuring how well certain countries have complied with…

Re-thinking de-risking: a systems theoretical approach

Noémi També Bearpark, Dionysios Demetis

This paper aims to explain the de-risking phenomenon through Luhmann’s risk/danger model and demonstrate that de-risking should be facilitated and encouraged.

An analysis of the forfeiture regime under the anti-money laundering law

Aspalella A. Rahman

This paper aims to analyze the forfeiture regime under the Malaysian anti-money laundering law. Apart from discussing the relevant provisions, several court cases also were…

Freeports: Innovative trading hubs or centres for money laundering and tax evasion?

Paul Michael Gilmour

This study aims to provide a critical overview of freeports’ trading operations and consider to what extent they may present a money-laundering and tax-evasion risk.

Threshold fine-tuning of money laundering scenarios through multi-dimensional optimization techniques

Abhishek Gupta, Dwijendra Nath Dwivedi, Ashish Jain

Transaction monitoring system set up by financial institutions is one of the most used ways to track money laundering and terrorist financing activities. While being effective to…

Money laundering through cryptocurrencies - analysis of the phenomenon and appropriate prevention measures

Christoph Wronka

The aim of this paper is to assess the relevance of cryptocurrencies with regard to the money laundering risk on the market and to present widespread money laundering techniques…

Chasing criminal wealth: broken expectations for the criminalization of illicit enrichment in Lithuania

Skirmantas Bikelis

This study aims at elaborating whether the criminalization of illicit enrichment has the potential to be an efficient and well-balanced measure against profiting from serious…

Asset recovery in the European Union: implementing a “no safe haven” strategy for illicit proceeds

George Pavlidis

This paper aims to explore existing and proposed methods for enhancing asset recovery and targeting the proceeds of illicit trades and other types of criminal activity in the…

Identifying financial patterns of money laundering with social network analysis: a Brazilian case study

Rafael Sousa Lima, André Luiz Marques Serrano, Joshua Onome Imoniana, César Medeiros Cupertino

This study aims to understand how forensic accountants can analyse bank transactions suspected of being involved with money laundering crimes in Brazil through social network…

The effectiveness of anti-money laundering legislation in Islamic banking of Pakistan: experts’ opinion

Syed Saqlain Ul Hassan, Mohammad Azam Hussain, Saima Sajid

The efficient and strong financial system is considered as the backbone of the economy to function properly along with to attract international capital flow, investment and…

Virtual currencies as a quasi-payment tool: the case of frequent-flier programs and money laundering

Doron Goldbarsht

The purpose of this paper is to explore the various characteristics of frequent-flier programs and the threats they pose to the Australian anti-money laundering regime.

Digital transformation of the banking system in the context of sustainable development

Imeda A. Tsindeliani, Maxim M. Proshunin, Tatyana D. Sadovskaya, Zhanna G. Popkova, Mariam A. Davydova, Oksana A. Babayan

The purpose of this paper is to study the current state of the Russian banking system in the context of digital economy development, to establish and identify the benchmarks and…

Money laundering and terror financing: issues and challenges in Pakistan

Munir Ahmad Zia, Rana Zamin Abbas, Noman Arshed

Pakistan is facing the momentous hazard of money laundering and a substantial risk of terror financing, which are seriously threatening its socioeconomic well-being. The purpose…

Overview of money laundering laws after 2020 amendments in Pakistan

Muhammad Fahad Anwar, Qamar Uz Zaman, Rana Umair Ashraf, Syed Iftikhar Ul Hassan, Khurram Abbas

This paper aims to provide a review of Anti-Money-Laundering (AML) after the latest amendments, i.e. Anti-Money Laundering Act of 2020 in Pakistan.

Impacts of psychological behaviors of managers on money laundering: evidence from Iran stock exchange

Hadi Saeidi

This study aims to investigate the impacts of the psychological behaviors of managers, including entrenchment, myopia, narcissism and overconfidence, on money laundering at…

Estimating the destination of Mexican-based laundered funds: an application of the modified Walker-Unger model

Juan Roman, Ana Machuca, Thomas Schaefer

This study aims to apply the modified Walker-Unger model to show the degree of attractiveness of a country for Mexican-based money launderers to send their illicit funds for the…

Electronic fraud: an emerging cause of bank failure in Nigerian deposit money banks

Folowosele Folarin Akinwale, Ikpefan Ochei Ailemen, Isibor Areghan

This study aims to review the degree to which fraud and other unethical practices especially in the digital space have affected the Nigerian banking industry both in the past and…