Journal of Money Laundering Control: Volume 20 Issue 4

Editorial

Chizu Nakajima

Compliance landscape in central and eastern Europe – the case of Hungary

Levente Kovács, Sandor David

This paper aims to explore how the understanding of the concept of compliance as its own risk category and the role of compliance as a separate internal banking function developed…

Implications of forfeiting property in money laundering cases in Malaysia

Zaiton Hamin, Normah Omar, Muhammad Muaz Abdul Hakim

The purpose of this paper is to examine the broad concept of forfeiture, its legal positions in the UK and Malaysia, and to highlight the implications of such forfeiture systems…

South Pacific transnational money laundering typologies

John Chelliah, Anita Prasad

The paper aims to present typologies of transnational money laundering in South Pacific island countries, thereby filling a gap in the extant literature.

Money laundering detection system (MLD) (a complementary system of Rastin banking)

Bijan Bidabad

This paper aims to define a new system for detecting money-laundering activities by comparing tax payments (especially value-added tax) data to banking transactions data.

The current challenges of money laundering law in Russia

Delphine Defossez

The purpose of this paper is to analyse the new Russian law on Money laundering. Globalisation has turned the international financial systems into a paradise for money launderers…

Shadow economy and tax evasion. The Achilles heel of Greek economy. Determinants, effects and policy proposals

Georgios L. Vousinas

This paper aims to bring into surface two major socioeconomic problems of Greece, tax evasion and shadow economy.

Legitimacy of the Summer 2017 GCC crisis and Qatar’s AML framework

Mohammed Ahmad Naheem

In June 2017, members of the Gulf Cooperation Council (GCC) ended diplomatic ties with Qatar. There is a legitimate concern about the accusation levied on Qatar. This paper aims…

A critical analysis of the effects of the Central Bank of Nigeria foreign exchange policy on financial inclusion, anti-money laundering measures and fundamental rights

Ehi Eric Esoimeme

Following the drop in crude oil prices from a peak of US$114 per barrel in July 2014 to as low as US$33 per barrel in January 2016, the country’s reserves have suffered great…

Practical application of anti-money laundering requirements in Bangladesh: An insight into the disparity between anti-money laundering methods and their effectiveness based on resources and infrastructure

Syed Alamin Ahmed

This paper aims to provide an insight into anti-money laundering (AML) regulations in light of the global AML framework. Specific analysis is drawn using a case study of…