Financial services organisations facilitate the movement of money worldwide, and keep
records of their clients' identity and financial behaviour. As such, they have been enlisted by …

This study examined the current developments in customer due diligence (CDD) in the
financial technology (FinTech) era. The study of anti-money laundering (AML) and …

Money laundering is essentially the process of disguising the unlawful source of criminally
derived proceeds to make them appear legal. Anti-money laundering legislation is aimed at …

The article shows how excessive reporting, called “crying wolf”, can dilute the information
value of reports and how more reports can mean less information. Excessive reporting is …

The scope for financial crime has widened with the expansion and increased integration of
financial markets. Money laundering, terrorism financing and tax crime have all changed in …

Abstract In 2005 the European Commission adopted the Third Directive on Anti-Money
Laundering (AML), which was to be implemented into national laws at the latest by …

Considers evidence of the costs and benefits of money laundering compliance activity within
the UK, in light of the fact that despite the UK's particularly assiduous compliance, it remains …

Purpose–The purpose of this paper is to present an empirical assessment and outline
issues in criminal regulation relating to international anti‐money laundering (AML) …

Explores views on the costs and benefits of financial institution compliance with money
laundering regulations as a precursor to a full cost benefit study. Notes that there is very little …

Purpose This study aims to investigates the challenges faced by Pakistani financial institutes
(FIs) and regulators in implementing robust customer due diligence measures …