REGTECH: DISRUPTING THE MONEY TRAIL OF THE CORRUPT “POLITICALLY EXPOSED PERSON” / FATHIMA NASIR.
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TextPublication details: Kuala Lumpur : Asia Pacific University, 2019Description: xi, 144 pages : illustrations ; 30 cmSubject(s): Money laundering -- Prevention | Finance -- Technological innovations | Business -- Data processingLOC classification: PM-31-92Online resources: Available in APres - Requires login to view full text. Dissertation note: A thesis submitted in fulfillment of the requirements for the award of the degree of Master of Accounting in Forensic Analysis (UCMF1808AFA). Summary: The involvement of Politically Exposed Persons (PEPs) in laundering the proceeds of corruption has been an increasing concern globally for decades. This hinders the development of a nation and affects the well-being of the public, particularly the poor. The Anti Money Laundering (AML) system of a country is the strongest tool to fight against these crimes. However, it has failed to do so at many levels, due to globalization, lack of advanced technologies and outdated regulations. Thus, the purpose of this study is to understand and explore the potential of “RegTech” in combating Money Laundering (ML) and corruption by PEPs to strengthen the current AML system. This research was conducted by analysing the qualitative data captured through interviews with experts in the financial, regulatory and RegTech sectors. The results of this study reveal RegTech as a promising tool to strengthen the current AML system and thus, combating ML and corruption by PEPs. This research concludes with strong recommendations for financial institutions, policymakers, and RegTech firms to combat the financial crimes of ML and corruption by PEPs.
| Item type | Current library | Collection | Call number | Copy number | Status | Notes | Date due | Barcode |
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Reference
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APU Library Reference Collection | Masters Theses | PM-31-92 (Browse shelf (Opens below)) | 1 | Not for loan (Restricted access) | Available in APres | 00018454 |
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A thesis submitted in fulfillment of the requirements for the award of the degree of Master of Accounting in Forensic Analysis (UCMF1808AFA).
The involvement of Politically Exposed Persons (PEPs) in laundering the proceeds of corruption has been an increasing concern globally for decades. This hinders the development of a nation and affects the well-being of the public, particularly the poor. The Anti Money Laundering (AML) system of a country is the strongest tool to fight against these crimes. However, it has failed to do so at many levels, due to globalization, lack of advanced technologies and outdated regulations. Thus, the purpose of this study is to understand and explore the potential of “RegTech” in combating Money Laundering (ML) and corruption by PEPs to strengthen the current AML system. This research was conducted by analysing the qualitative data captured through interviews with experts in the financial, regulatory and RegTech sectors. The results of this study reveal RegTech as a promising tool to strengthen the current AML system and thus, combating ML and corruption by PEPs. This research concludes with strong recommendations for financial institutions, policymakers, and RegTech firms to combat the financial crimes of ML and corruption by PEPs.
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