Purpose: 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. Design/methodology/approach: This paper performs a detailed review of AML and related laws and amendments to record notable changes and...

Purpose: The purpose of this paper is to address the effect of corruption and money laundering (ML) on banking profitability and stability. Design/methodology/approach: This study uses the panel data of 72 banks of Pakistan and Malaysia from 2012–2018. This paper uses fixed effect (FE) and...

Purpose: This paper aims to examine the impact of corruption and money laundering (ML) on the profitability and stability of Islamic banks. Design/methodology/approach: This study used the data of 53 conventional and 19 Islamic banks of Pakistan and Malaysia to have comparative insights. The...