Journal of Money Laundering Control最新文献

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Facets of drug trafficking in Manipur, a border state of India: volumes, ethnicity and value 印度边境邦曼尼普尔的毒品贩运面面观:数量、种族和价值
IF 1.1
Journal of Money Laundering Control Pub Date : 2024-09-05 DOI: 10.1108/jmlc-05-2024-0093
Hanjabam Isworchandra Sharma, Shukhdeba Sharma Hanjabam
{"title":"Facets of drug trafficking in Manipur, a border state of India: volumes, ethnicity and value","authors":"Hanjabam Isworchandra Sharma, Shukhdeba Sharma Hanjabam","doi":"10.1108/jmlc-05-2024-0093","DOIUrl":"https://doi.org/10.1108/jmlc-05-2024-0093","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Drug trafficking in the tiny state of Manipur, located in the northeastern part of India bordering Myanmar, has drawn attention from all over the globe looking at the scale and varieties of drugs trafficked, ranging from plant-based opiates to synthetic-based amphetamine-type stimulants (ATS). Moreover, drug trafficking in the region also comes with many socio-political dynamics such as high per-capita drug consumption, local drug manufacturing units, terror funding from drug money, politician–drug lord nexus, police–peddler nexus.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The study is based on data from the years 2007 to 2023 accessed from the Narcotics and Affairs of Borders, a specialized branch of Manipur Police, Government of Manipur. The study also tries to estimate the state’s drug economy using the Financial Action Task Force and the United Nations Office on Drugs and Crime methodology.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The study finds seizure of a massive cache of heroin/brown sugar, and ATS in the past 4–5 years. The study also finds large-scale destruction of poppy plants in the state. The study also finds a high percentage of ethnic minority communities involved in drug trafficking. The study found the value amounting to US$62m in 2022. The study also comes across low conviction rates of drug traffickers in the state.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The study emphasizes the need for expediting the War on Drugs campaign in the state curtailing poppy cultivation and conviction of drug lords so that the nerve center of terror funding in India’s eastern front is kept under control.</p><!--/ Abstract__block -->","PeriodicalId":46042,"journal":{"name":"Journal of Money Laundering Control","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142176619","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Evolution of the whistleblowing regime: the UAE model 举报制度的演变:阿联酋模式
IF 1.1
Journal of Money Laundering Control Pub Date : 2024-09-03 DOI: 10.1108/jmlc-06-2024-0098
Tatyana Gibbs
{"title":"Evolution of the whistleblowing regime: the UAE model","authors":"Tatyana Gibbs","doi":"10.1108/jmlc-06-2024-0098","DOIUrl":"https://doi.org/10.1108/jmlc-06-2024-0098","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study aims to conceptualize the UAE’s whistleblowing model by reviewing recent legislative updates directed toward removing potential legal deterrents, introducing legal protection and establishing numerous external whistleblowing channels. The study surveys these initiatives through the prism of the country’s unique socio-economic and judicial environments.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The study applies a conceptual approach to probe the potential impact of the UAE’s legislative initiatives on the country’s whistleblowing regime by connecting the demographic data, the UAE’s legal and regulatory frameworks, academic literature and media reports.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>Recent legislative updates to the UAE whistleblowing regime are geared toward removal of potential legal deterrents, introduction of legal protection and establishment of external whistleblowing channels for reporting. These constitute the conceptual model of the UAE’s whistleblowing strategy, which is broad in scope and application yet may appear fragmented.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The study merges a comprehensive review of legislative initiatives and regulatory framework with academic literature to conceptualize the UAE’s whistleblowing model.</p><!--/ Abstract__block -->","PeriodicalId":46042,"journal":{"name":"Journal of Money Laundering Control","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142176618","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Improving client risk classification with machine learning to increase anti-money laundering detection efficiency 利用机器学习改进客户风险分类,提高反洗钱检测效率
IF 1.1
Journal of Money Laundering Control Pub Date : 2024-08-15 DOI: 10.1108/jmlc-03-2024-0040
Endre Jo Reite, Johan Karlsen, Elias Grefstad Westgaard
{"title":"Improving client risk classification with machine learning to increase anti-money laundering detection efficiency","authors":"Endre Jo Reite, Johan Karlsen, Elias Grefstad Westgaard","doi":"10.1108/jmlc-03-2024-0040","DOIUrl":"https://doi.org/10.1108/jmlc-03-2024-0040","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study aims to describe and empirically explore a new method for bank anti-money laundering (AML) systems using machine learning models. Current automated money laundering detection systems are notorious for flagging many false positives, causing bank employees to spend unnecessary time manually checking transactions that do not constitute money laundering. Decreasing the number of false positives can free up resources for investigating money laundering.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This study uses unique bank data on small- and medium-sized enterprises (SMEs) to examine how various client risk classification models can predict future suspicious transactions. This study explores various sources of client risk data and machine-learning approaches.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>Client risk classification models can accurately predict suspicious future transactions. Adding accounting data and credit score information to client risk classification dramatically improves accuracy. This makes it easier to balance the risk of missing suspicious transactions with the need to reduce the number of false positives.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>The suggested approach with readily available data sources and a focus on classifying client risk in a dynamic model can help banks significantly improve their efficiency by targeting their AML efforts toward the riskiest clients.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>To the best of the authors’ knowledge, this study is the first to empirically explore machine learning in client risk classification, document how machine learning in client risk classification can significantly reduce false positives by incorporating novel, but readily available sources, such as credit risk and accounting data.</p><!--/ Abstract__block -->","PeriodicalId":46042,"journal":{"name":"Journal of Money Laundering Control","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142176620","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Deciphering the links: evaluating central bank transparency impact on corruption perception index in G20 countries 破解联系:评估中央银行透明度对 20 国集团国家腐败认知指数的影响
IF 1.1
Journal of Money Laundering Control Pub Date : 2024-08-13 DOI: 10.1108/jmlc-01-2024-0016
Anas Al Qudah, Mahmoud Ali Hailat
{"title":"Deciphering the links: evaluating central bank transparency impact on corruption perception index in G20 countries","authors":"Anas Al Qudah, Mahmoud Ali Hailat","doi":"10.1108/jmlc-01-2024-0016","DOIUrl":"https://doi.org/10.1108/jmlc-01-2024-0016","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study aims to explore the relationships between GDP growth, education spending, central bank transparency (CBT) and accountability on the corruption perception index within the G20 countries, emphasizing their combined effects and interdependencies.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>Using the central bank transparency index (CBTI) introduced by Dinçer <em>et al.</em> (2019), an analysis spanning from 2002 to 2019 was conducted on selected G20 countries, further refining the results by excluding EU members. Data sources included World Bank statistics and CBTI data. The research deployed the heteroskedastic and contemporaneously correlated panel-corrected standard error model to detail the effects of the aforementioned factors on the corruption index.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The study revealed no statistical evidence that economic growth had an effect on reducing corruption. Education spending emerged as a potent tool in curbing corruption, especially in EU nations. A strong correlation was identified between CBT and reduced corruption, consistent across G20 countries, regardless of EU affiliation. The insights emphasize the importance of enhancing education spending and CBT in combating corruption. For effective anti-corruption measures, countries are encouraged to invest more in education, amplify internal checks and adopt transparent central bank policies. Further research could delve into cultural, historical and political variables to understand corruption dynamics comprehensively.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study aspires to address the existing gaps in the literature and provide a substantial contribution to the ongoing discourse and efforts to understand and mitigate corruption within the G20 countries and globally.</p><!--/ Abstract__block -->","PeriodicalId":46042,"journal":{"name":"Journal of Money Laundering Control","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142176648","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Banks’ internal governance obligations vis-à-vis money laundering risks emerging from the new technology-enabled means to transfer funds or value (“crypto assets”) 银行的内部治理义务,以应对新技术手段转移资金或价值("加密资产")带来的洗钱风险
IF 1.1
Journal of Money Laundering Control Pub Date : 2024-08-06 DOI: 10.1108/jmlc-04-2024-0068
Andrea Minto
{"title":"Banks’ internal governance obligations vis-à-vis money laundering risks emerging from the new technology-enabled means to transfer funds or value (“crypto assets”)","authors":"Andrea Minto","doi":"10.1108/jmlc-04-2024-0068","DOIUrl":"https://doi.org/10.1108/jmlc-04-2024-0068","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>The new technology-enabled means to transfer funds or value via crypto assets have prompted regulators and supervisors to question the effectiveness of the anti-money laundering (AML) regulatory framework. This paper aims to examine the recent developments of the EU AML legislation – leading up to the 2021 AML package – focusing in particular on the banks’ internal governance obligations.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The analysis is based on the legal dogmatic methodology and is therefore conducted thanks to a critical exam of the current and upcoming EU policy and legislation, taking into account the relevant literature and case-law.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The recent regulatory developments, culminating in the AML regulation, are strengthening the causal links between ML risk assessment–ML risk exposure–ML risk management, via internal governance procedures. One of the major AML regulatory strategies to react to the new challenges brought up by crypto assets amounts to a stricter and more demanding AML risk management regime imposed on banks.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The originality of this article lies in the analysis of the causal connection between money laundering risk identification and internal governance obligations. In particular, this article examines how the risk assessment will be shaping the organizational procedures, processes and internal functions necessary to manage the money laundering risks.</p><!--/ Abstract__block -->","PeriodicalId":46042,"journal":{"name":"Journal of Money Laundering Control","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141947265","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Reorienting the lens – towards a new research agenda on the lived experiences of money laundering prevention officers 调整视角--制定关于预防洗钱官员生活经历的新研究议程
IF 1.1
Journal of Money Laundering Control Pub Date : 2024-07-29 DOI: 10.1108/jmlc-04-2024-0062
Mario Menz
{"title":"Reorienting the lens – towards a new research agenda on the lived experiences of money laundering prevention officers","authors":"Mario Menz","doi":"10.1108/jmlc-04-2024-0062","DOIUrl":"https://doi.org/10.1108/jmlc-04-2024-0062","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This paper aims to propose a new research agenda that integrates the often-overlooked insights and experiences of compliance professionals into anti-money laundering (AML) policy formulation and academic research. It seeks to highlight the importance of a bottom-up approach in developing AML strategies that are not only theoretically robust but also practically effective and grounded in real-world application.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>Using a comprehensive literature review and theoretical analysis, this study outlines six broad research focus areas. These areas are explored through the lens of existing theoretical frameworks that underscore the significance of practical insights, interdisciplinary collaboration and adaptive policymaking in enhancing AML efforts.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>This paper highlights a significant gap in current AML research and policymaking, namely, the underrepresentation of compliance professionals’ perspectives. It argues that integrating these frontline insights can lead to more nuanced and effective approach to AML.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>Adopting the proposed research agenda could significantly enhance the practical applicability of AML policies, leading to more effective prevention and detection of financial crimes. It encourages the development of support systems for compliance professionals, fostering a workforce that is both competent and resilient.</p><!--/ Abstract__block -->\u0000<h3>Social implications</h3>\u0000<p>By promoting a more inclusive and practice-based approach to AML policymaking, this paper advocates for a societal shift in how money laundering is tackled.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This paper contributes to the AML discourse by proposing a shift towards a more inclusive research and policymaking paradigm that values the contributions of compliance professionals. It extends the existing literature by suggesting a comprehensive framework for bridging these divides, thereby offering a novel perspective on enhancing the effectiveness of AML strategies.</p><!--/ Abstract__block -->","PeriodicalId":46042,"journal":{"name":"Journal of Money Laundering Control","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141785353","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Limitation on payment by cash to combat money laundering: a comparative assessment of the laws of Mauritius and France 限制现金支付以打击洗钱:毛里求斯和法国法律的比较评估
IF 1.1
Journal of Money Laundering Control Pub Date : 2024-07-26 DOI: 10.1108/jmlc-04-2024-0064
Bhavna Mahadew
{"title":"Limitation on payment by cash to combat money laundering: a comparative assessment of the laws of Mauritius and France","authors":"Bhavna Mahadew","doi":"10.1108/jmlc-04-2024-0064","DOIUrl":"https://doi.org/10.1108/jmlc-04-2024-0064","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>The purpose of this article is to review the legislation on limitation on cash payment from a comparative perspective with France. This legal provision has been the subject of inconsistency and lack of clarity for the past two decades.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This paper uses a doctrinal legal research technique based on an analysis of the law and how it is interpreted in relation to Mauritius's prohibition on cash payments. Section 5 of the FIAMLA 2002 is interpreted in large part by this assessment using legal precedents from the Supreme Court and other Mauritius judicial authorities. France has been chosen as the comparative jurisdiction as it has well-defined legal framework on cash payment limitations in Europe.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The Mauritian judiciary has played a far more significant and active role than the French judiciary. A cursory search reveals a dearth of case law concerning the interpretation of the pertinent sections of the French Monetary and Financial Code concerning the prohibition on cash payments. The French legal system places more emphasis on the kinds of transactions that are exempt, whereas the Mauritius system places more attention on the entities that are exempt, such as banks and other financial organisations.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This paper fills in the gap that exists on legal interpretation of legislation on limitation on payment by cash in Mauritius. It originally contributes to legal literature on money laundering by undertaking a comparison between Mauritius and France for the benefits of students and researchers around the world.</p><!--/ Abstract__block -->","PeriodicalId":46042,"journal":{"name":"Journal of Money Laundering Control","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141785354","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The role of freight forwarding companies in detecting and investigating trade-based money laundering 货运代理公司在侦查和调查基于贸易的洗钱活动中的作用
IF 1.1
Journal of Money Laundering Control Pub Date : 2024-07-22 DOI: 10.1108/jmlc-04-2024-0069
Ilse Maritha Makkink, Blanche Steyn, Hannes Christo Bezuidenhout
{"title":"The role of freight forwarding companies in detecting and investigating trade-based money laundering","authors":"Ilse Maritha Makkink, Blanche Steyn, Hannes Christo Bezuidenhout","doi":"10.1108/jmlc-04-2024-0069","DOIUrl":"https://doi.org/10.1108/jmlc-04-2024-0069","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study aims to investigate the role of freight forwarding companies in detecting and reporting trade-based money laundering. The proximity of freight forwarding companies to shipping-related trade-based money laundering red flags places them in an ideal position to detect suspicious transactions.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The study used semi-structured interviews with expert participants in freight forwarding shipping and compliance aspects around freight forwarding. This study focuses on the South African context.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>Freight forwarding companies are well-positioned to detect, investigate and report on trade-based money laundering schemes. However, the companies are not always aware of the guidelines designed to assist in identifying trade-based money laundering schemes. Thus, freight forwarding companies develop internal processes to identify trade anomalies but are often unable to link trade anomalies to illegal financial flows and trade-based money laundering schemes.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>The current regulations on money laundering can be extended to freight forwarding companies by the respective regulators for enhanced anti-money laundering protection. This study is limited to freight forwarding companies in a South African context.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>Increased awareness among staff in freight forwarding companies can assist them in identifying trade-based money laundering red flags to detect and prevent trade-based money laundering schemes.</p><!--/ Abstract__block -->\u0000<h3>Social implications</h3>\u0000<p>This paper assists other role players and policymakers in the trade process to create a better awareness of trade-based money laundering. The limited obligations on freight forwarding companies to comply with anti-money laundering regulations lead to a more volunteer-like compliance practice.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>To the best of the authors’ knowledge, this is the first paper that offers insight into the role of freight forwarding companies in detecting trade-based money laundering in South Africa.</p><!--/ Abstract__block -->","PeriodicalId":46042,"journal":{"name":"Journal of Money Laundering Control","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141775036","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Ownership and investor responses to news on fraud and pecuniary actions: a comparative analysis of Indian banks 所有权与投资者对欺诈和金钱行动新闻的反应:印度银行的比较分析
IF 1.3
Journal of Money Laundering Control Pub Date : 2024-07-18 DOI: 10.1108/jmlc-12-2023-0200
Akila Anantha Krishnan, Angan Sengupta
{"title":"Ownership and investor responses to news on fraud and pecuniary actions: a comparative analysis of Indian banks","authors":"Akila Anantha Krishnan, Angan Sengupta","doi":"10.1108/jmlc-12-2023-0200","DOIUrl":"https://doi.org/10.1108/jmlc-12-2023-0200","url":null,"abstract":"\u0000Purpose\u0000This study aims to understand investors’ reactions to news on fraud and pecuniary and regulatory action in privately owned and government-owned banks.\u0000\u0000\u0000Design/methodology/approach\u0000To examine the role of ownership holdings, this study deploys event study methodology and cross-sectional regression to analyze the abnormal returns and the intergroup dynamics. Event study methodology studies the abnormal return on stock prices on days when fraud, pecuniary actions and regulatory news were reported for 36 banks that are listed on the NSE. Data on news has been collected from Reuters for 110 months. Cross-sectional regression analyses are done to examine whether selected variables on bank characteristics influence the abnormal returns. Exploring the intergroup dynamics between government and privately owned banks helps to accentuate how stakeholders influence investor responses.\u0000\u0000\u0000Findings\u0000Private and government-owned banks display an anomalous return pattern during the events, though to varying degrees and for a longer duration. The sharp downturn observed in private banks in response to pecuniary and regulatory actions related to news can be attributed to the associated risk of these banks. Intergroup dynamics further demonstrate that the effect of such news regarding government-owned bank stocks is more pronounced on privately owned banks compared to the effect of news related to privately owned banks on public banks.\u0000\u0000\u0000Originality/value\u0000The study shows how ownership structure variedly impacts investors’ response to news related to fraud, and pecuniary and regulatory actions on Indian banks, which may eventually ask for customized investment approaches for government-owned and privately owned banks.\u0000","PeriodicalId":46042,"journal":{"name":"Journal of Money Laundering Control","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2024-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141640010","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A research on the Italian fiscal shell companies turnover 意大利财政空壳公司营业额研究
IF 1.1
Journal of Money Laundering Control Pub Date : 2024-06-25 DOI: 10.1108/jmlc-03-2024-0055
Antonio Pellegrini
{"title":"A research on the Italian fiscal shell companies turnover","authors":"Antonio Pellegrini","doi":"10.1108/jmlc-03-2024-0055","DOIUrl":"https://doi.org/10.1108/jmlc-03-2024-0055","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>The purpose of this paper is to study the turnover of Italian shell companies (SCs)/missing traders used for tax crimes, a predicate offence of money laundering. This research could be useful for Italian obliged entities to the Anti-Money Laundering Law to detect and report SCs, as soon as possible, to the Financial Intelligence Unit for Italy.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The author uses a sample of 32 SCs that are present in the Third Penal Section of the Italian Supreme Court in the period 2018–2020, involved in tax crimes and that have presented their balance sheets for two or more years. For SCs, the author computes the averages for: the turnover growth rate from first and the maximum turnover; the years between these two values; and the years in which SCs are active. Moreover, the author verifies if SCs are similar in terms of turnover by studying the relationship between the turnover growth rate and the first turnover and the reduction of turnover standard deviations.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>SCs growth is very high and they reach, on average, their peak in less than three years; SCs are active, on average, for about four years; eventually, SCs exhibit a convergence process in turnover levels.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>To the best of the author’s knowledge, there are no studies that analyse the SC turnover.</p><!--/ Abstract__block -->","PeriodicalId":46042,"journal":{"name":"Journal of Money Laundering Control","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141509847","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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