scholarly journals THE ROLES OF FORENSIC ACCOUNTANTS IN PREVENTION AND DETECTION OF MONEY LAUNDERING IN PHOENIX ACTIVITIES

2019 ◽  
Vol 1 (1) ◽  
pp. 83-111
Author(s):  
Samuel Anindyo Widhoyoko ◽  
Deoga Payudha ◽  
Jeannada Natasha ◽  
Jerremy Immanuel
Keyword(s):  
Literature Review ◽  
Money Laundering ◽  
Legal Assistance ◽  
Business Valuation

The process of company liquidation is always full of money laundering allegations and vulnerable to fraud. This fraudulent scheme is referred to as phoenix activity. The main purpose of phoenix activity is to avoid liability and expenses, which detriments the stakeholders. This research explains the importance of the role of forensic accountants prior, during, and after bankruptcy. The methodology used in this research is literature review examining the problems through various researches and frameworks. The literature review discusses three aspects related to fraudulent bankruptcy scheme i.e. motivation, the scheme processes and litigation processes. The research concludes that the presence of forensic accountants is important in the insolvency prevention and detection, in their roles as(1) independent and hired experts; (2) professional legal assistance providers of Anti-Money Laundering (AML) and asset manager; (3) business valuation experts; (4) private investigators; and (5) surveillance body for anti-money laundering purposes.

THE ROLES OF FORENSIC ACCOUNTANTS IN PREVENTION AND DETECTION OF MONEY LAUNDERING IN PHOENIX ACTIVITIES

2017 ◽  
Vol 1 (1) ◽  
pp. 83-111
Author(s):  
Samuel Anindyo Widhoyoko, S.E., MFA ◽  
Deoga Prayudha ◽  
Jeannada Natasha Laya ◽  
Jerremy Immanuel
Keyword(s):  
Literature Review ◽  
Money Laundering ◽  
Legal Assistance ◽  
Business Valuation

The process of company liquidation is always full of money laundering allegations andvulnerable to fraud. This fraudulent scheme is referred to as phoenix activity. The main purposeof phoenix activity is to avoid liability and expenses, which detriments the stakeholders. Thisresearch explains the importance of the role of forensic accountants prior, during, and afterbankruptcy. The methodology used in this research is literature review examining the problemsthrough various researches and frameworks. The literature review discusses three aspectsrelated to fraudulent bankruptcy scheme i.e. motivation, the scheme processes and litigationprocesses. The research concludes that the presence of forensic accountants is important in theinsolvency prevention and detection, in their roles as (1) independent and hired experts; (2)professional legal assistance providers of Anti-Money Laundering (AML) and asset manager; (3)business valuation experts; (4) private investigators; and (5) surveillance body for anti-moneylaundering purposes.

scholarly journals Analytical Study of the Phenomenon of Money Laundering and its Impact on the Iraqi Banking Sector

2019 ◽  
Vol 27 (2) ◽  
pp. 178-188
Author(s):  
Raad Abdulameer Oleiwi
Keyword(s):  
Money Laundering ◽  
Analytical Study ◽  
Banking Sector ◽  
Electronic Systems ◽  
Legal Assistance ◽  
Security Services ◽  
Industrial Projects ◽  
Ministry Of Finance ◽  
The Impact

This study discusses the phenomenon of money laundering and its impact on the financial sector in general and the Iraqi banking sector. The research methodology describes money laundering in detail and the three basic stages of money laundering, placement, layering, and integration. How and where money laundering is a key reason to address this problem and what is the role of governments? It also deals with the impact of money laundering on the Iraqi economy, which is the theft of banks, the suspension of industrial projects, terrorism and corruption. The most important recommendations that limit this phenomenon is international cooperation and legal assistance in money laundering investigations. The use of programming and electronic systems to enter the information of owners of real estate and businesses to detect suspicious activities. To reduce this problem requires the establishment of specialized units in the Central Bank and the Ministry of Finance, Justice and the security services to apply all laws against money laundering. As for the Iraqi banking sector, it is necessary to verify the identity of the owners of the funds deposited in banks. Inform the competent authorities by the bank's management of any suspicious activity. In addition to confirming the documents proving the legality of the funds deposited.

FATF’s Concerns and Pakistan's Measures for Compliance

2020 ◽  
Vol 3 (2) ◽  
pp. 185-196
Author(s):  
Tehmina Aslam ◽  
Muhammad Asad Aslam
Keyword(s):  
Comparative Analysis ◽  
Literature Review ◽  
Money Laundering ◽  
Task Force ◽  
Legal Assistance ◽  
Current Position ◽  
The Social ◽  
Terrorism Financing ◽  
Financial Action Task ◽  
Harsh Conditions

Since August 2018, Pakistan has been dealing with the Financial Action Task Force (FATF) to avoid its harsh conditions. The aim of the study was to examine the current position of Pakistan vis-à-vis the conditions laid down by the FATF. A literature review was conducted to assess the situation over 20 months and a comparative analysis was done. Findings of the study showed that the ministry took nine actions. First, it banned two main and eleven affiliated organizations. Second, it froze 976 moveable and immovable assets of the banned organizations. Third, it intervened in the social welfare activities conducted by the banned organization and seized relevant institutes. Fourth, it ministry convicted more than 200 individuals concerned. Fifth, it appropriated funds amounting to Rs 2,400 million. Sixth, it introduced the mutual legal assistance law and contacted about 84 countries to glean information from them. Seventh, it formulated asset-freezing regulations. Eight, it introduced the charity law across the country. Ninth, it tri-furcated the 4th schedule of the Anti-Terrorism Act of 1997 and established procedures for watching the prospective offenders. The result was that, in 20 months, Pakistan formulated policies meant for curbing money laundering and combating terrorism financing.

scholarly journals PERAN PERHIMPUNAN PELAJAR INDONESIA (PPI) DALAM UPAYA PERLINDUNGAN TENAGA KERJA INDONESIA DI MALAYSIA

2020 ◽  
Vol 14 (2) ◽  
pp. 199
Author(s):  
Rahmat Saleh ◽  
Dian Wahyu Utami ◽  
Irin Oktafiani
Keyword(s):  
Literature Review ◽  
Migrant Workers ◽  
Secondary Data ◽  
Qualitative Approach ◽  
Primary Data ◽  
Economic Empowerment ◽  
Legal Assistance ◽  
Agent Of Change ◽  
Student Association

International migration is usually motivated by economic reasons. However, many people also migrate overseas to continue studies in higher-level education. This paper analyses the role of Indonesian students abroad, especially those who are members of the Indonesian Student Association (PPI) in protecting Indonesian workers (TKI). The research is focused on PPI in the country with the highest number of Indonesian migrant workers, namely Malaysia. This study applied a qualitative approach to collect primary and secondary data. Primary data was collected through interviews, and secondary data was gained through literature review. The research shows that PPI, as an agent of change, has a role in protecting migrant workers. The PPI has various kinds of contributions such as expressing ideas and discourses to protect international migrant workers, becoming a mediator (in solving conflicts involving the workers), facilitating shelter, providing repatriation assistance, legal assistance and advocacy, as well as economic empowerment and education activities for migrant workers and their families.

A literature review on firms' internationalisation through e-commerce

2019 ◽  
pp. 121-143
Author(s):  
Riccardo Resciniti ◽  
Federica De Vanna
Keyword(s):  
Systematic Review ◽  
Literature Review ◽  
International Business ◽  
Decision Process ◽  
Foreign Markets ◽  
New Markets ◽  
Integrative Framework ◽  
The Past ◽  
The Relationship

The rise of e-commerce has brought considerable changes to the relationship between firms and consumers, especially within international business. Hence, understanding the use of such means for entering foreign markets has become critical for companies. However, the research on this issue is new and so it is important to evaluate what has been studied in the past. In this study, we conduct a systematic review of e-commerce and internationalisation studies to explicate how firms use e-commerce to enter new markets and to export. The studies are classified by theories and methods used in the literature. Moreover, we draw upon the internationalisation decision process (antecedents-modalities-consequences) to propose an integrative framework for understanding the role of e-commerce in internationalisation

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

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.

Imbalance in the system L-arginin-NO in pathogenesis of obstetric complications and intrauterine growth retardation (Literature review)

2016 ◽  
pp. 43-47
Author(s):  
O.V. Basystyi ◽  
Keyword(s):  
Nitric Oxide ◽  
Literature Review ◽  
Growth Retardation ◽  
Intrauterine Growth Retardation ◽  
Obstetric Complications ◽  
Pathogenetic Role ◽  
Intrauterine Growth ◽  
System L ◽  
Nitric Oxide Deficiency

The data of domestic and foreign literature on etiology, pathogenesis and intrauterine growth retardation diagnosis are presented in the paper. It highlights pathogenetic role of nitric oxide deficiency in case of obstetric complications and intrauterine growth retardation. Key words: intrauterine growth retardation (IUGR), system L-arginin–NO, obstetric complications.

PET/CT IN THE DIAGNOSIS OF PANCREATIC CANCER: LITERATURE REVIEW

2018 ◽  
pp. 57-67
Author(s):  
P. E. Tulin ◽  
M. B. Dolgushin ◽  
D. I. Nevzorov ◽  
P. V. Kochergin ◽  
Yu. I. Patyutko
Keyword(s):  
Pancreatic Cancer ◽  
Literature Review ◽  
Pancreatic Neoplasms ◽  
Poor Prognosis ◽  
Modern Imaging ◽  
Pet Ct

Pancreatic cancer has a poor prognosis, often because most pancreatic neoplasms are found to be unresectable at diagnosis. Early staging of the tumor process can change the tactics of treatment and affect the survival of patients. The purpose of this review is to provide an overview of pancreatic cancer and the role of modern imaging in its diagnosis with an emphasis on PET/CT with a various radiopharmaceuticals.

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