Purpose – This paper attempts to explain the key elements and associated definitions of the financial institutions' enterprise‐wide anti‐money laundering (AML) information system, and to discuss the technical theory for implementing the information system. Design/methodology/approach –...

Purpose – The purpose of this paper is to explain the operating background of combating money laundering in transition countries, to demonstrate the unique phenomenon of “adopt but not enforce” and “selective implementation,” to discuss the role of anti‐money laundering (AML) system...

Purpose – The purpose of this paper is to reveal the money laundering vulnerabilities of internet payment services, to analyse the key elements of conducting risk‐based approach (RBA), and finally to provide recommendations of apply RBA to anti‐money laundering (AML) regulations on...

Purpose – The purpose of this paper is to systematically introduce the latest documents of customer due diligence (CDD) issued by international organizations and developed countries, and to examine practice of CDD in China. Design/methodology/approach – This paper reviews the latest...

Purpose – The purpose of this paper is to explain the rule‐based and risk‐based anti‐money‐laundering (AML) approach, to demonstrate the implementation problems in carrying out a risk‐based approach (RBA) to AML and finally propose in what way the RBA should be conducted in China....

Purpose – This paper attempts to examine the practical condition of implementing risk‐based approach (RBA) in Chinese financial sectors. Design/methodology/approach – This paper compares the differences between rule‐based approach and risk‐based approach (RBA), and provides different...

Purpose – The purpose of this conference paper is to provide a contextual and better understanding of the nexus between corruption and money laundering, in order to enhance the role of anti‐money laundering (AML) in combating corruption. Design/methodology/approach – This paper analyses...

Business research often requires use of survey‐based techniques for data acquisition. In the past, researchers had to rely on manual methodologies for survey distribution, data entry, and analysis. These approaches were generally characterized by uncertain (often low) response rates; batch...

Purpose: This paper aims to evaluate the relationship between financial inclusion and economic development in Pakistan based on available sources of detailed data and assess its outcome of financial inclusion on basic standards of life, then accord relevant recommendations to prompt economic...

The influence of fractal heterogeneity on a spiral wave in an excitable system is numerically studied based on the Barkley model. The heterogeneity is implemented by letting the diffusive coefficient in the heterogeneous area be different from the other area. The results show that fruitful...