Advances in information technology have the potential to make anti-money laundering more efficient and successful. It is a serious crime that can significant impact on global economy, as it allows criminals profit from their illicit activities evade detection by law enforcement agencies. Technologies help identify suspicious activity detect patterns may indicate money laundering. This financial...

Purpose This paper aims to examine the validity of a state’s prohibition on virtual assets in context its global commitment battle against money laundering. Design/methodology/approach was empirical legal research exploring how general lack expertise apply risk-based approach anti-money laundering strategies might have implications for invoking Financial Action Task Force (FATF) exclusion provi...

Money laundering offences have becoming important issues worldwide. Within the accounting fraternity, discussions involved an issue related to low level of compliance by professional accountants towards anti-money regime in Malaysia. In context this study, refers both legislative requirements Anti-Money Laundering, Anti-Terrorism Financing and Proceeds Unlawful Activities Act 2001 (AMLA 2001) i...

In the wake of the September 11, 2001, terrorist attacks on the United States, the UN Security Council passed a resolution targeting transnational sources of terrorist funds. At least one offshore Islamic bank was shut down, and American officials, ignorant about Islamic finance, viewed any “Islamic” bank with heightened suspicion. The Bush Administration targeted Al-Baraka in particular, confu...

Ukraine constantly continues to move towards the consolidation of economic processes with European Union, and issue rapid integration as a whole is extremely relevant. Currently, number simplified procedures have been introduced EU countries: «economic visa-free travel», transport energy «visa-free travel» (all this contributes abolition tariffs quotas simplify documentation, save money, avoid ...

The art and science of clustering is used in many fields, from ubiquitous customer segmentation for gauging marketing effectiveness, to predicting default patterns among credit card holders, to its recent application by financial institutions to segment investment customers to enhance liquidity management. In the area of anti-money-laundering, the use of peer grouping, or segmenting, is even mo...

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