Anti-money laundering and its effectiveness / Huang Ching Choo ... [et al.]
Anti-money laundering (AML) broadly encompasses procedures, processes, laws, or regulations designed to curtail the practice of generating funds through illicit or criminal activities. Since 2001, Malaysian law enforcement agencies have stepped up their capacities and efforts to curb money launderi...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Accounting Research Institute & Faculty of Accountancy
2014
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/12414/ |
| _version_ | 1848803150492860416 |
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| author | Huang, Ching Choo Amirrudin, Mira Susanti Ahmad Noruddin, Nur Adura Othman, Rohana |
| author_facet | Huang, Ching Choo Amirrudin, Mira Susanti Ahmad Noruddin, Nur Adura Othman, Rohana |
| author_sort | Huang, Ching Choo |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | Anti-money laundering (AML) broadly encompasses procedures, processes, laws, or regulations designed to curtail the practice of generating funds through illicit or criminal activities. Since 2001, Malaysian law enforcement
agencies have stepped up their capacities and efforts to curb money laundering. However, implementation costs incurred on AML activities could be burdensome to the regulating, enforcement, and reporting agencies. Although these efforts are generally benefi cial, assessing their effectiveness before increasing the level of AML regulation is necessary. This paper reviews literature on various approaches used to estimate money laundering and assess the effectiveness of AML. Although different measures and
models are used to estimate money laundering, no model to quantify money laundering is globally acceptable. The absence of an accurate measurement of costs incurred and the difficulty in linking benefits to AML efforts pose
challenges in assessing the effectiveness of AML policy. Nevertheless, the use of both crime data and perceived data on cost and effectiveness serves as a step forward in the determination of the effectiveness of AML in Malaysia. |
| first_indexed | 2025-11-14T21:34:40Z |
| format | Article |
| id | uitm-12414 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T21:34:40Z |
| publishDate | 2014 |
| publisher | Accounting Research Institute & Faculty of Accountancy |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-124142016-06-30T09:03:29Z https://ir.uitm.edu.my/id/eprint/12414/ Anti-money laundering and its effectiveness / Huang Ching Choo ... [et al.] mar Huang, Ching Choo Amirrudin, Mira Susanti Ahmad Noruddin, Nur Adura Othman, Rohana Malaysia Malaysia Anti-money laundering (AML) broadly encompasses procedures, processes, laws, or regulations designed to curtail the practice of generating funds through illicit or criminal activities. Since 2001, Malaysian law enforcement agencies have stepped up their capacities and efforts to curb money laundering. However, implementation costs incurred on AML activities could be burdensome to the regulating, enforcement, and reporting agencies. Although these efforts are generally benefi cial, assessing their effectiveness before increasing the level of AML regulation is necessary. This paper reviews literature on various approaches used to estimate money laundering and assess the effectiveness of AML. Although different measures and models are used to estimate money laundering, no model to quantify money laundering is globally acceptable. The absence of an accurate measurement of costs incurred and the difficulty in linking benefits to AML efforts pose challenges in assessing the effectiveness of AML policy. Nevertheless, the use of both crime data and perceived data on cost and effectiveness serves as a step forward in the determination of the effectiveness of AML in Malaysia. Accounting Research Institute & Faculty of Accountancy 2014 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/12414/1/AJ_HUANG%20CHING%20CHOO%20MAR%2014%201.pdf Huang, Ching Choo and Amirrudin, Mira Susanti and Ahmad Noruddin, Nur Adura and Othman, Rohana (2014) Anti-money laundering and its effectiveness / Huang Ching Choo ... [et al.]. (2014) Malaysian Accounting Review <https://ir.uitm.edu.my/view/publication/Malaysian_Accounting_Review.html>, 13 (2). pp. 109-124. ISSN 1675-4077 https://mar.uitm.edu.my/ |
| spellingShingle | Malaysia Malaysia Huang, Ching Choo Amirrudin, Mira Susanti Ahmad Noruddin, Nur Adura Othman, Rohana Anti-money laundering and its effectiveness / Huang Ching Choo ... [et al.] |
| title | Anti-money laundering and its effectiveness / Huang Ching Choo ... [et al.] |
| title_full | Anti-money laundering and its effectiveness / Huang Ching Choo ... [et al.] |
| title_fullStr | Anti-money laundering and its effectiveness / Huang Ching Choo ... [et al.] |
| title_full_unstemmed | Anti-money laundering and its effectiveness / Huang Ching Choo ... [et al.] |
| title_short | Anti-money laundering and its effectiveness / Huang Ching Choo ... [et al.] |
| title_sort | anti-money laundering and its effectiveness / huang ching choo ... [et al.] |
| topic | Malaysia Malaysia |
| url | https://ir.uitm.edu.my/id/eprint/12414/ https://ir.uitm.edu.my/id/eprint/12414/ |