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The South African non-profit sector and its vulnerabilities to economic crime

Bissett, Bernice; Steenkamp, Philip; Aslett, Duane - In: Journal of Money Laundering Control 26 (2023) 6, pp. 1179-1193

Purpose In a post-pandemic society, non-profit organisations (NPOs) have become vital. A safe environment for such organisations to function in is therefore important. In spite of efforts to safeguard this sector, rampant abuse exists. This paper aims to provide an in-depth analysis of the South...

Persistent link: https://www.econbiz.de/10014887063

E‐trade and money laundering: countering schemes and patterns

Nardo, Massimo - In: Journal of Money Laundering Control 7 (2004) 2, pp. 186-189

Reviews briefly the apparent inevitability of growth in electronic trade; the constraining factors seem to be security risks such as problems of transparency and symmetry of information, the need for defence from intrusive technologies and against threats from fraud, embezzlement, counterfeiting,...

Persistent link: https://www.econbiz.de/10014886059

Money laundering regulation and risk‐based decision‐making

Ross, Stuart; Hannan, Michelle - In: Journal of Money Laundering Control 10 (2007) 1, pp. 106-115

Purpose – The current emphasis in anti‐money laundering (AML)/ counter terrorist financing (CTF) regulation on “risk‐based” strategies means that regulatory, law enforcement and reporting agencies need to respond to money laundering and terrorist‐financing threats in ways that are...

Persistent link: https://www.econbiz.de/10014886147

Politically exposed persons (PEPs): risks and mitigation

Raymond Choo, Kim‐Kwang - In: Journal of Money Laundering Control 11 (2008) 4, pp. 371-387

Purpose – The purpose of this paper is to consider the risks posed by politically exposed persons (PEPs) and explain the money laundering risk when entering into financial transactions and business relationships with PEPs. Risk mitigation by regulated entities and corruption prevention...

Persistent link: https://www.econbiz.de/10014886194

Prevention of money laundering in Dutch casinos

Waterman, Lilith C.; van der Kemp, Jasper J. - In: Journal of Money Laundering Control 12 (2009) 4, pp. 340-352

Purpose – The purpose of this paper is to assess the possibilities of formulating risk behavior characteristics to determine a guest's risk category on money laundering in casinos. Design/methodology/approach – A total of 148 guests (27 women and 121 men) and their registered events (1,184...

Persistent link: https://www.econbiz.de/10014886217

Carrying out a risk‐based approach to AML in China: partial or full implementation?

Ai, Lishan; Broome, John; Yan, Hao - In: Journal of Money Laundering Control 13 (2010) 4, pp. 394-404

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....

Persistent link: https://www.econbiz.de/10014886248

“Rule‐based but risk‐oriented” approach for combating money laundering in Chinese financial sectors

Ai, Lishan - In: Journal of Money Laundering Control 15 (2012) 2, pp. 198-209

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...

Persistent link: https://www.econbiz.de/10014886289

Money laundering, media and European banks

Tiemann, Markus - In: Journal of Money Laundering Control 27 (2023) 1, pp. 93-126

relate concrete banks to concrete allegations of money laundering have an adverse impact on banks stock prices and what are … prices of affected banks generate, at the date of the news appearance, statistically significant negative abnormal returns …, the paper finds that the identified negative abnormal returns may be driven by the banks’ size in terms of total assets …

Persistent link: https://www.econbiz.de/10014886673

Money laundering risk management in multiple-purpose financial institutions in Mexico: a Bayesian network approach

Martínez-Sánchez, José Francisco; Venegas-Martínez, … - In: Journal of Money Laundering Control 26 (2022) 4, pp. 845-861

Purpose This paper aims to develop a money laundering risk management model for multiple-purpose financial institutions (SOFOMES, Spanish acronym for “Sociedades Financieras de Objeto Múltiple”) based on the best international practices. Design/methodology/approach A study of a sample of...

Persistent link: https://www.econbiz.de/10014886802

Terrorism financing and the threat to financial institutions

Simser, Jeffrey - In: Journal of Money Laundering Control 14 (2011) 4, pp. 334-345

Purpose – The purpose of this paper is to explore countering the financing of terrorism and its impact on financial institutions. Design/methodology/approach – Actual examples of terrorist financing are considered, as well as the international and Canadian framework for financial...

Persistent link: https://www.econbiz.de/10014886273