Money laundering influence on financial institutions and ways to retaliate

Purpose This paper aims to advance the professional knowledge, experience and expertise of anti-money laundering (AML) professionals by focusing on how money laundering (ML) impacts a variety of financial institutions (FIs) and in what ways the FIs can retaliate to detect, prevent and mitigate the risk of ML. Design/methodology/approach This paper use data from secondary sources. Many FI cases have been included such as a bank money service business (MSB) and insurance companies. Findings There should be a culture of compliance in organizations. Upper management, such as a designated committee or board members, should set the tone of compliance. Money launderers take advantage of every possible opportunity to convert illicit proceeds into clean proceeds with any institution or profession. Originality/value This paper used a case study approach to study the nuances of money laundering activities in various jurisdictions.

EFL teachers’ online teaching in rural schools during the COVID-19 pandemic: Stories from Indonesia

The implementation of online English instruction in remote areas during the COVID-19 pandemic, which mandates school closures, remains unknown, especially given these areas’ reputation for inadequate educational facilities. Additionally, the preparations, implementation, and challenges experienced by English as a Foreign Language (henceforth, EFL) teachers in rural areas remain unclear. This study therefore aimed at exploring the experiences of EFL teachers in rural areas on (1) their readiness for conducting online teaching, (2) their implementation of online teaching, and (3) the challenges during the implementation of online teaching due to the COVID-19 pandemic. The research was conducted in Indonesia with eight English teachers in rural schools. This study was a qualitative study that employed a phenomenological study approach and used semi-structured interviews to collect the data. The findings indicate that EFL teachers, during this pandemic time, were able to conduct fully online English teaching because they possessed sufficient knowledge of English instruction using technology. Additionally, these teachers might leverage various technologies and adapt those tools to transform their usual face-to-face English instruction into online instruction. Nonetheless, these teachers in rural schools frequently encountered challenges with internet connectivity, student-owned technology devices, student enthusiasm, and student netiquette when enrolling in online English teaching. Additionally, this article discusses some practical considerations for implementing online English teaching during a pandemic.

Integrating liberal education, business, and high-impact practices – the case of George Mason university’s school of business

Purpose In College Learning for the New Global Century, the National Leadership Council of Liberal Education and America’s Promise (LEAP) argue for a liberal education for all students because “(i)n an economy fueled by innovation, the capabilities developed through a liberal education have become America’s most valuable economic asset.” (LEAP, 2007). The Business for a Better World Center and the School of Business at George Mason University endorse this view and have applied the liberal education approach to the study of business. This paper aims to explore the current environment of business education, the role of liberal education and the school’s programs and their benefits. Design/methodology/approach This paper relies on a case-study approach. Findings In this paper, the authors explore how George Mason University’s School of Business brings a liberal education approach to business education and draws on a combination of high impact practices, such as first-year seminars, common intellectual experiences, learning communities, collaborative assignments, undergraduate research, community-based learning, internships, capstone courses and projects and diversity and global learning (Kuh, 2008). Mason’s experience demonstrates the feasibility and benefits of this integration. Originality/value This case study provides unique insight into how business schools can integrate a liberal education approach into business education with successful results. As such, the paper contributes to the growing body of research on the benefits of liberal arts and business education models as a means of addressing global goals and provides a valuable case study to understand better the necessity of integrative, interdisciplinary learning.

Political Implication of Presidential System Practice in The Jokowi-JK Government

This study focuses on the political implications of the presidential system practice in the Jokowi-JK government. Constitutionally, the Indonesian government system adheres to a presidential system. However, there is a system confusion in practice that causes the President's role and position as head of government to be not optimal because his policies are often criticized and even intervened by the DPR. The purpose of this study is to analyze the political implications of the presidential system practice run by Jokowi-JK, using a case study approach and analyzing primary and secondary data. The specification of the research is analytical descriptive with qualitative method. The theories used include presidential theory, party system, coalition, and leadership theory. The study results show that the presidential-parliamentary-style system run by Jokowi-JK has implications for less than optimal decision-making by the President in the preparation of the cabinet and disruption of relations with parliament.

KONSEP AL-MUWALAH DAN ANALISIS CORAK TAFSIR AL-MUNIR

This article discusses the concept of al-muwalah and the style of interpretation of al-Munir by Wahbah az-Zuhayli. The method used is a qualitative descriptive approach with an interdisciplinary interpretation study approach. The primary source for the discussion of this article is al-Munir's interpretation which was obtained from the library. The finding of this article is that az-Zuhayli's interpretation of the concept of al-muwalah shows a comprehensive style of interpretation with multi-disciplinary approaches. The interpretation of the verses on the concept of al-Muwalah by az-Zuhayli reflects that his interpretation is not only traditional, but also contains dynamic, tolerant, moderate, and humanist principles. The article also concludes that al-Munir's interpretation is included in the category of literary interpretation (al-adabi waal-ijtima'i), not the interpretation of socio-political movements (Adab-ijtima'i-siyasi-haraki).

Is ESG Relevant to Electricity Companies during Pandemics? A Case Study on European Firms during COVID-19

The electricity sector was negatively impacted by the coronavirus disease (COVID-19), with considerable declines in consumption in the initial phase. Investors were in turmoil, and stock prices for these companies plummeted. The aim of this paper is to demonstrate the significant negative influence of the pandemic on abnormal returns for the electricity sector, specifically for traditional and renewable companies and the influence of ESG scores, using the event study approach and multi-variate regressions. Our results show that the pandemic indeed had a negative impact on the electricity sector, with renewable electricity companies suffering a sharper decline than traditional ones. Moreover, we find that ESG pillar scores affected electricity companies differently and are sector-specific. For renewable electricity companies, the returns were positively influenced by the environmental ESG scores and negatively by governance ESG scores.

COVID-19, Reverse Migration and Crisis Management: A Study of the Model of Government of Uttar Pradesh (India)

With the outbreak of the global pandemic of COVID-19, India witnessed one of the largest reverse migrations in its entire history. Amid continuously streaming heart-rending visuals of migrant workers struggling to somehow return to their place of origin, Uttar Pradesh emerged as the recipient of huge 3.2 million migrant workers employed in the informal sector. Accepting, welcoming, helping, encouraging and offering employment to those destitute workers amid the pandemic was a difficult task for the state government. An appropriate management of this problem has made it a classic case of crisis management by a state chief minister who dares to think beyond the reflex paranoia about resource crunch so as to come up with an improvised strategy. Purpose of this article is to discuss the crisis of reverse migration amid COVID-19 and the initiatives taken by the Government of Uttar Pradesh. The article uses case study approach to analyse the problem of livelihood faced by the migrant workers and the innovative model of employment and rehabilitation envisioned and implemented by the state government. Based on secondary data, it observes positive impact of skill mapping and other key strategies of the Government of Uttar Pradesh.

The acoustic climate of spaces located under overpasses in the context of adapting them for outdoor public events – a pilot case study

Due to the current shortage of traditional public space because of its privatization, commercialization, and securitization, there is an urgent need to reclaim areas affected by motorized traffic in the urbanized areas. On the other hand, the process of adapting them for new purposes should be carefully carried out, addressing several issues, among them environmental acoustics. This study is meant to contribute to our understanding of acoustic conditions of a general model of the bridge underspace. Therefore, the aim of the research was to examine the existing acoustic climate by measuring noise levels and comparing them with equivalent acceptable noise levels for the expected type of space development and Noise Rating curves. In this research, a pilot case study approach was used, as measurements were taken for a chosen space located under an elevated road that represents certain criteria set by the researchers. The results allowed us to: (1) verify the relationship between the geometry of the bridge underspace and the noise levels, (2) assess the initial acoustic conditions in terms of possibilities of acoustic adaptation of the examined space for outdoor public events, and (3) formulate hypotheses and preliminary assumptions for the planned further and broader studies of the issues raised in this article. The presented results and their analysis show that it is possible to bring the acoustic conditions in the studied space to the state required for public or cultural meeting spaces. In comparison with earlier findings, the research undertaken appears to be pioneering and the results can be used as valuable input for further research on this topic.

Exploring Business Strategy Modelling with ArchiMate: A Case Study Approach

Enterprise architecture (EA) is a high-level abstraction of a business’ levels that aids in organizing planning and making better decisions. Researchers have concluded that the scope of EA is not focused only on technology planning but that the lack of business strategy and processes is the most important challenge of EA frameworks. The purpose of this article is to visualize the business strategy of a company using ArchiMate. Having a better understanding of how the concepts of strategic planning are used in businesses, we hope to improve their modelling with ArchiMate. This article adds to the existing literature by evaluating existing EA modelling languages and their skillfulness in model strategy. Furthermore, this article contributes to the identification of challenges in modelling and investigation of the ease of the use of language in the field of strategic planning. Furthermore, this article provides an approach to practitioners and EA architects who are attempting to develop efficient EA modelling projects and solve business complexity problems.

How knowledge acquisition creates a competitive edge? A qualitative inquiry from international consultancy alliance

PurposeThe current study attempts to bridge the existing gap related to the role of knowledge acquisition from international alliance partners to improve competitiveness by examining the distinct processes of knowledge acquisition and the challenges confronted in this learning process in order to enhance local and international market performance.Design/methodology/approachFollowing case-study approach based on systematic combining, the study presents a case of knowledge acquisition and learning in the context of an international consultancy alliance between leading Pakistani and Chinese engineering firms using six in-depth interviews of key engineers to explore the dynamic mechanisms for knowledge acquisition and learning from the Chinese firm. Grounded analysis drawn upon the Straussian version of grounded theory (GT) {{Strauss, 1990 #136} Strauss, 1998 #139} is used for data analysis in this research.FindingsIt was found that the processes of explicit and implicit knowledge acquisition from Chinese firms are integrated consultancy working, social and technical adaptability and seeking confirmation about the work done and knowledge/theories and models used in work. However, these processes are quite complex, posing serious challenges for National Engineering Services, Pakistan to acquire the required knowledge, which can be addressed through partners' motivation to share and acquire knowledge, cultural intelligence and friendship and informal association. The study also found that the knowledge acquired from technologically advanced international organizations by the host partner in the international strategic alliance not only provides a competitive edge to the local host in its local market but also builds its capacity to undertake similar projects in other parts of the world, substantially enhancing its market success.Originality/valueAdding up to the current literature that focuses on knowledge acquisition in a parent-subsidiary relationship, the current research proposes a framework for knowledge acquisition in the unique context of international strategic alliances. The research provides managerial guidelines to manage knowledge acquisition for gaining a competitive edge that would be helpful for the managers in the era of growing interdependence among the organizations across the borders.