The Role of Banks in Monitoring and Detection of Money Laundering Operations (An Empirical Study on a Sample of Commercial Bank and the Central bank in the Kingdom of Bahrain)

doi:10.18576/isl/10s108

Money Laundering Phenomenon and How Successful the Oversight Role of Adjusting and Control of the Jordanian Central Bank

International Journal of Business and Management ◽

10.5539/ijbm.v10n12p226 ◽

2015 ◽

Vol 10 (12) ◽

pp. 226

Author(s):

Bader AL Qaied

Keyword(s):

Central Bank ◽

Money Laundering ◽

Foreign Banks ◽

Corporate Managers ◽

And Control

<p>The research aims to evaluate and examine the oversight role of the Central Bank of Jordan and assess its success in controlling the phenomenon of money laundering in a simple and uncomplicated manner by distributing a questionnaire to a group of corporate managers of Jordan, which are of the major companies in Jordan and within the Jordanian level.</p>The researcher has concluded a number of recommendations including; Activating the control entities subject to Central Bank more accurately, identify the interaction between banks operating in the Kingdom and foreign banks, mainstream frustrations operations of money laundering.

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The Role of Monitoring Islamic Banks to Control Money Laundering Crimes From the Viewpoint of Employees in the Central Bank of Jordan

WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS ◽

10.37394/23207.2022.19.14 ◽

2022 ◽

Vol 19 ◽

pp. 134-140

Author(s):

Ali Abdel Fattah Hamdan Zyadat

Keyword(s):

Central Bank ◽

Money Laundering ◽

Analytical Approach ◽

Islamic Banks

The present study aimed to examine the role of monitoring Islamic banks in fighting against money laundering crimes from the perspective of the employees working at the Central Bank of Jordan. The researcher adopted a descriptive analytical approach. The sample consists of 60 employees who were chosen from the Central Bank of Jordan. Questionnaire forms were passed via email to those employees to fill. All the forms were filled and retrieved. It was found that the reality of monitoring money laundering crimes in Islamic banks by central bank of Jordan is moderate. It was found that there is a positive statistically significant impact of monitoring Islamic banks on control money laundering crimes from the viewpoint of employees in the central bank of Jordan. The researcher recommends activating the role of the Central Bank of Jordan in fighting against money laundering crimes

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Latvian banks face tighter scrutiny and some may merge

Emerald Expert Briefings ◽

10.1108/oxan-db230366 ◽

2018 ◽

Keyword(s):

Central Bank ◽

Commercial Bank ◽

Business Model ◽

Money Laundering ◽

Commercial Banks ◽

Business Models ◽

Banking Sector ◽

Content Type ◽

High Profile ◽

The Us

Significance Recent high-profile incidents have called into question the viability of the business model in large parts of Latvia’s banking sector. In February, the US Treasury accused ABLV Bank of laundering money for North Korea. Separately, Ilmars Rimsevics, governor of the Bank of Latvia (the central bank), was accused by a Latvian commercial bank of demanding bribes and taken into custody by the Bureau for Preventing and Combating Corruption (KNAB). Impacts Latvia’s reputation has suffered from the latest revelations and accusations of money laundering and corruption. There will be greater pressure on the Latvian authorities to be stricter on commercial banks whose main business is with non-residents. When this source of revenue dries up, some banks’ business models may have to change, also sparking some consolidation in the sector.

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Quantitative modeling of mathematical relationships in money, spending and the real economy

Kybernetes ◽

10.1108/k-03-2015-0068 ◽

2016 ◽

Vol 45 (2) ◽

pp. 323-336 ◽

Cited By ~ 2

Author(s):

Masudul Alam Choudhury ◽

M. Ishaq Bhatti

Keyword(s):

Economic Growth ◽

Central Bank ◽

Commercial Bank ◽

Quantitative Modeling ◽

Real Economy ◽

Causal Relations ◽

Content Type ◽

The Real ◽

Unity Of Knowledge

Purpose – The purpose of this paper is to bring out the topic of ethics and economics in reference to the nature of complementarities that can exist between monetary and fiscal activities. The connector in such complementarities is the unity of knowledge that can be generated in the inter-causal relations between monetary and fiscal activities. Design/methodology/approach – The methodology adopted is of measuring out by quantitative modeling how well there exists complementary relations or otherwise between the Central Bank and commercial bank in order to mathematically explain the role of participatory learning behavior using money, debt, and spending variables. Findings – The argument placed takes the conceptual form of result to show that there would be a prolonged extension of the non-inflationary and technological induction of economic growth in a regime of complementing money and fiscal policies. Originality/value – The role of the quantity of money in a non-inflationary economic growth is set against the background of the tripartite inter-causal relationships between the Central Bank, the commercial bank, and the real economy. Analytical methods used bring out the role of knowledge in the inter-causal relations termed as circular causation for the attainment of social well-being in response to a stable and advancing economy with the ethicality of unity of knowledge.

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Concealment of Illegally Obtained Assets in Nigeria: Revisiting the Role of the Churches in Money Laundering

African Journal of International and Comparative Law ◽

10.3366/ajicl.2020.0304 ◽

2020 ◽

Vol 28 (1) ◽

pp. 106-121

Author(s):

Kato Gogo Kingston

Keyword(s):

Economic Growth ◽

Money Laundering ◽

Financial Crime ◽

The Past ◽

Key Drivers ◽

Nigerian Government

Financial crime in Nigeria – including money laundering – is ravaging Nigeria's economic growth. In the past few years, the Nigerian government has made efforts to tackle money laundering by enacting laws and setting up several agencies to enforce the laws. However, there are substantial loopholes in the regulatory and enforcement regimes. This article seeks to unravel the involvement of the churches as key drivers in money laundering crimes in Nigeria. It concludes that the permissive secrecy which enables churches to conceal the names of their financiers and donors breeds criminality on an unimaginable scale.

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