The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia
This article highlights the adverse consequences of corruption and money laundering and its crippling effect on the nation’s economy with special attention to the Malaysian landscape. This article argues that the effects are worse than previously predicted. The devastating effects include political...
| Main Authors: | , , |
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| Format: | Proceeding Paper |
| Language: | English |
| Published: |
2018
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/70718/ http://irep.iium.edu.my/70718/1/70718_THE%20DEVASTATING%20EFFECTS%20OF%20MONEY_complete_new.pdf |
| _version_ | 1848787338444931072 |
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| author | Azman, Izza Maryam Zul Kepli, Mohd Yazid Puniran, Mohd Noor Ikram |
| author_facet | Azman, Izza Maryam Zul Kepli, Mohd Yazid Puniran, Mohd Noor Ikram |
| author_sort | Azman, Izza Maryam |
| building | IIUM Repository |
| collection | Online Access |
| description | This article highlights the adverse consequences of corruption and money laundering and its crippling effect on the nation’s economy with special attention to the Malaysian landscape. This article argues that the effects are worse than previously predicted. The devastating effects include political instability, economic instability and digression, loss of control over economic policy, loss of reputation, loss of competitiveness, productivity and investment, loss of government revenue and privatization efforts. In addition, money laundering encourages crimes and reduces people’s lifestyle and quality of life. The main references for this article include analysis reports prepared by regulators, articles in established journals, newspaper reports and interviews with academicians and leading experts. |
| first_indexed | 2025-11-14T17:23:21Z |
| format | Proceeding Paper |
| id | iium-70718 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T17:23:21Z |
| publishDate | 2018 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-707182019-03-05T05:07:22Z http://irep.iium.edu.my/70718/ The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia Azman, Izza Maryam Zul Kepli, Mohd Yazid Puniran, Mohd Noor Ikram K Law (General) This article highlights the adverse consequences of corruption and money laundering and its crippling effect on the nation’s economy with special attention to the Malaysian landscape. This article argues that the effects are worse than previously predicted. The devastating effects include political instability, economic instability and digression, loss of control over economic policy, loss of reputation, loss of competitiveness, productivity and investment, loss of government revenue and privatization efforts. In addition, money laundering encourages crimes and reduces people’s lifestyle and quality of life. The main references for this article include analysis reports prepared by regulators, articles in established journals, newspaper reports and interviews with academicians and leading experts. 2018-12 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/70718/1/70718_THE%20DEVASTATING%20EFFECTS%20OF%20MONEY_complete_new.pdf Azman, Izza Maryam and Zul Kepli, Mohd Yazid and Puniran, Mohd Noor Ikram (2018) The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia. In: The 8th International Conference on Postgraduate Education 2018, 3 -4 December 2018, Universiti Malaysia Terengganu, Kuala Terengganu Malaysia.. (Unpublished) |
| spellingShingle | K Law (General) Azman, Izza Maryam Zul Kepli, Mohd Yazid Puniran, Mohd Noor Ikram The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia |
| title | The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia |
| title_full | The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia |
| title_fullStr | The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia |
| title_full_unstemmed | The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia |
| title_short | The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia |
| title_sort | devastating effects of money laundering on a nation’s socio economy: a case study of malaysia |
| topic | K Law (General) |
| url | http://irep.iium.edu.my/70718/ http://irep.iium.edu.my/70718/1/70718_THE%20DEVASTATING%20EFFECTS%20OF%20MONEY_complete_new.pdf |