Journal of Money Laundering Control: Volume 25 Issue 4

Editorial

William (Bill) Tupman

Could banning virtual assets be a breach of the doctrine of legitimate expectation?

Md. Zahurul Haq, Kazi Fahmida Farzana, Moniruzzaman Md

This paper aims to examine the validity of a state’s prohibition on virtual assets in the context of its global commitment to battle against money laundering.

A nexus between corruption, money laundering (ML) and inflation: evidence from South Asian countries

Ijaz Hussain Shah, Kinza Aish

Many studies of corruption and money laundering (ML) have been conducted throughout the previous few decades. The impact of corruption and ML on economic growth, banking…

Does holding offshore jurisdictions to higher AML standards really assist in preventing money laundering?

Andrew James Perkins

This paper aims to contend that when tackling financial crimes such as money laundering and terrorist financing, international regulators are seeking to hold offshore…

Providing a headquarters for business to a company from the same capital group and the status of an obligated institution

Paulina Ledwoń

By implementing Directive (EU) 2015/849 of the European Parliament and of the Council of May 20, 2015, the Polish legislator decided to pass the Act of 1 March 2018 on…

Combating money laundering with machine learning – applicability of supervised-learning algorithms at cryptocurrency exchanges

Eric Pettersson Ruiz, Jannis Angelis

This study aims to explore how to deanonymize cryptocurrency money launderers with the help of machine learning (ML). Money is laundered through cryptocurrencies by distributing…

Review of information asymmetry in banking in the Russian Federation

Imeda A. Tsindeliani, Irina E. Mikheeva

The purpose of this study is to identify the prospects and main directions for improving Russian legislation on the protection of the rights of consumers of financial services…

Institutionalizing the fight against money laundering in Tanzania: the potential, limitations and challenges

Eugene E. Mniwasa

This paper aims to examine the authorities tasked to fight against money laundering in Tanzania and appraise the efficacy of the country’s anti-money institutional framework to…

Anti-money laundering and counter-terrorism financing disclosure by money exchange providers in the GCC countries

Md Abubakar Siddique, Haitham Nobanee, Osama Fayez Atayah, Mohammed Khereldin Bayzid

The purpose of this paper is to measure anti-money laundering (AML) and counter-terrorism financing (CTF) disclosures by money exchanger providers in the Gulf Cooperation Council…

The existing financial intelligence tools and their limitations in early detection of terrorist financing activities

Hussain Syed Gowhor

This paper aims to inform the readers about the existing financial intelligence tools that are being used by financial intelligence units. It tries to demonstrate, with the help…

Customer’s awareness, trust, discomfort and acceptance of anti-money laundering practices in Malaysian Banks

Zuliera Zariz Azman Aziz, Seri Ayu Masuri Md Daud

This study aims to examine the associations between customers’ awareness of money laundering and terrorism financing, trust in banking secrecy measures and discomforts in…

Improving the detection and reporting of suspicious financial transactions: the Spanish case

Joel Harry Clavijo Suntura

The purpose of this paper is to analyze the obligation of regulated entities to detect unusual and suspicious transactions and to report them to external control bodies, as…

Fair value accounting practices in the banking industry: a possible opportunity to launder money through manipulated performance

K.L. Wasantha Perera, Roshan Ajward, Sisira Dharmasri Jayasekara

The purpose of this paper is to discuss the possible money laundering threats in fair value accounting practices giving particular attention to the list of predicate offences…

Do Islamic banks gain from corruption and money laundering (ML)?

Kinza Aish, M. Kabir Hassan, Qamar Uz Zaman, Sadaf Ehsan, Khurram Abbas, Ijaz Hussain Shah

This paper aims to examine the impact of corruption and money laundering (ML) on the profitability and stability of Islamic banks.