Finding the best method to assess the effectiveness of Anti-Money Laundering(AML)policies is a controversial issue. Based on about 9,000 questionnaires circulated to AML professionals and other related staff at the Pe...Finding the best method to assess the effectiveness of Anti-Money Laundering(AML)policies is a controversial issue. Based on about 9,000 questionnaires circulated to AML professionals and other related staff at the People's Bank of China and other banking institutions,this study acquired first-hand data from respondents and has resulted in the following key findings:The effectiveness of the whole AML system is rated as"largely effective"in respect to China’s legislation,regulation and supervision,suspicious transaction monitoring and analyses and administrative investigation;the system is rated as"basically effective"in respect to money-laundering prosecutions and convictions and international cooperation.Financial institutions'compliance with AML regulations is rated as"largely effective"in respect to internal control,customer identification,large-value transaction and suspicious transaction reporting,and the record-keeping of ID information and transactions.Statistically,58.48%of respondents said they think that China’s AML regime is"completely effective"or"largely effective;"35.21%say it is"basically effective,"and the remaining 4.68% call it"largely ineffective"or"completely ineffective."The authors conclude by proposing some policy recommendations to enhance the effectiveness of AML policy.展开更多
This study aimed at identifying the role and importance of internal control procedures for detecting and preventing money laundering operations in banks through defining the internal control procedures which contribut...This study aimed at identifying the role and importance of internal control procedures for detecting and preventing money laundering operations in banks through defining the internal control procedures which contribute to detecting money laundering operations. These procedures include the guide and policies issued by the administration of banks in order to combat laundering money operations as well as to train employees on matters pertaining to the money laundering operations. The study showed the role of the internal control procedures in detecting practically the money laundering through the automated programs and the system of saving the files and records. Furthermore, the study showed the factors affecting the internal control procedures to anti-money laundering operations. The researcher used an analytical descriptive approach for collecting data which relate to the main elements of the study, analyzing and explaining them. This study aimed at building the theoretical framework depending on audit literature which addressed internal control system, anti-money laundering systems, and control procedures of anti-money laundering. Through the theoretical framework, a questionnaire related to the application of internal control procedures and its relation to anti-money laundering operations was designed. It was distributed to the population of the study which includes internal and external auditors and the head of anti-money laundering operations unit in the Jordanian banks. The study found that applying internal control procedures is important for detecting and preventing money laundering operations in the Jordanian banks and that there are factors affecting the nature and the extent of internal control standards pertaining to anti-money laundering operations in the Jordanian banks.展开更多
开放经济体条件下,跨境洗钱对全球金融安全和稳定构成严峻挑战,洗钱手段日趋复杂化令打击非法洗钱任务的难度持续加大,国际反洗钱治理成效依旧不够稳固,这一现实情形引起大量国内外学者对反洗钱监管领域的持续关注。本文选取中国知网(CN...开放经济体条件下,跨境洗钱对全球金融安全和稳定构成严峻挑战,洗钱手段日趋复杂化令打击非法洗钱任务的难度持续加大,国际反洗钱治理成效依旧不够稳固,这一现实情形引起大量国内外学者对反洗钱监管领域的持续关注。本文选取中国知网(CNKI)和Web of Science(WOS)核心合集数据库中1990—2023年发表的反洗钱监管领域国内外文献2824篇,借助CiteSpace软件进行文献计量研究,以可视化图谱形式展现过去30余年国内外反洗钱领域的整体脉络。研究表明,政府部门、高校、(非)金融机构各自合作网络固定,但三方之间交叉研究合作趋势尚不成熟;反洗钱监管领域数据库建设的发展相对滞后,可供分析、决策使用的数据资料依旧缺乏;前沿科技与数字技术驱动下新金融业态领域洗钱引发对未来如何平衡好金融科技迭代加速与反洗钱治理效能提升间关系的系统性思考。后续研究应致力于不断完善金融安全视域下反洗钱监管的理论框架,拓宽研究领域,并加强政府、高校与(非)金融机构间的跨部门、跨学科研究合作,以推动该领域的全面深入发展。展开更多
文摘Finding the best method to assess the effectiveness of Anti-Money Laundering(AML)policies is a controversial issue. Based on about 9,000 questionnaires circulated to AML professionals and other related staff at the People's Bank of China and other banking institutions,this study acquired first-hand data from respondents and has resulted in the following key findings:The effectiveness of the whole AML system is rated as"largely effective"in respect to China’s legislation,regulation and supervision,suspicious transaction monitoring and analyses and administrative investigation;the system is rated as"basically effective"in respect to money-laundering prosecutions and convictions and international cooperation.Financial institutions'compliance with AML regulations is rated as"largely effective"in respect to internal control,customer identification,large-value transaction and suspicious transaction reporting,and the record-keeping of ID information and transactions.Statistically,58.48%of respondents said they think that China’s AML regime is"completely effective"or"largely effective;"35.21%say it is"basically effective,"and the remaining 4.68% call it"largely ineffective"or"completely ineffective."The authors conclude by proposing some policy recommendations to enhance the effectiveness of AML policy.
文摘This study aimed at identifying the role and importance of internal control procedures for detecting and preventing money laundering operations in banks through defining the internal control procedures which contribute to detecting money laundering operations. These procedures include the guide and policies issued by the administration of banks in order to combat laundering money operations as well as to train employees on matters pertaining to the money laundering operations. The study showed the role of the internal control procedures in detecting practically the money laundering through the automated programs and the system of saving the files and records. Furthermore, the study showed the factors affecting the internal control procedures to anti-money laundering operations. The researcher used an analytical descriptive approach for collecting data which relate to the main elements of the study, analyzing and explaining them. This study aimed at building the theoretical framework depending on audit literature which addressed internal control system, anti-money laundering systems, and control procedures of anti-money laundering. Through the theoretical framework, a questionnaire related to the application of internal control procedures and its relation to anti-money laundering operations was designed. It was distributed to the population of the study which includes internal and external auditors and the head of anti-money laundering operations unit in the Jordanian banks. The study found that applying internal control procedures is important for detecting and preventing money laundering operations in the Jordanian banks and that there are factors affecting the nature and the extent of internal control standards pertaining to anti-money laundering operations in the Jordanian banks.
文摘开放经济体条件下,跨境洗钱对全球金融安全和稳定构成严峻挑战,洗钱手段日趋复杂化令打击非法洗钱任务的难度持续加大,国际反洗钱治理成效依旧不够稳固,这一现实情形引起大量国内外学者对反洗钱监管领域的持续关注。本文选取中国知网(CNKI)和Web of Science(WOS)核心合集数据库中1990—2023年发表的反洗钱监管领域国内外文献2824篇,借助CiteSpace软件进行文献计量研究,以可视化图谱形式展现过去30余年国内外反洗钱领域的整体脉络。研究表明,政府部门、高校、(非)金融机构各自合作网络固定,但三方之间交叉研究合作趋势尚不成熟;反洗钱监管领域数据库建设的发展相对滞后,可供分析、决策使用的数据资料依旧缺乏;前沿科技与数字技术驱动下新金融业态领域洗钱引发对未来如何平衡好金融科技迭代加速与反洗钱治理效能提升间关系的系统性思考。后续研究应致力于不断完善金融安全视域下反洗钱监管的理论框架,拓宽研究领域,并加强政府、高校与(非)金融机构间的跨部门、跨学科研究合作,以推动该领域的全面深入发展。
