Anti-money laundering regulations in financial institutions of Pakistan: a study of customer due diligence / Nasir Sultan

After 9/11, there has been an increase in money laundering/terrorist financing (ML/TF) crimes across the globe. As a result, the Financial Action Task Force (FATF) Recommendations were introduced to enable jurisdictions to control these criminal activities domestically and internationally. The FATF...

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主要作者:	Sultan, Nasir
格式:	Thesis
语言:	English
出版:	2022
主题:	General works Financial institutions
在线阅读:	https://ir.uitm.edu.my/id/eprint/78286/1/78286.pdf
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id	my-uitm-ir.78286
record_format	uketd_dc
spelling	my-uitm-ir.782862024-06-24T04:20:06Z Anti-money laundering regulations in financial institutions of Pakistan: a study of customer due diligence / Nasir Sultan 2022 Sultan, Nasir General works. Financial institutions Commercial crimes. Financial crimes After 9/11, there has been an increase in money laundering/terrorist financing (ML/TF) crimes across the globe. As a result, the Financial Action Task Force (FATF) Recommendations were introduced to enable jurisdictions to control these criminal activities domestically and internationally. The FATF Recommendations were established as a tool for identifying, monitoring, combating and controlling ML activities. In compliance with Recommendations 10, each jurisdiction requires establishing a robust mechanism for customer due diligence (CDD) before offering financial services to clients. However, Financial Institutes (FIs) performance is not satisfactory on the CDD front, evident by the regulator's massive penalties on FIs. On the same grounds, Pakistani FIs with an international presence faced penalties by foreign regulators and closed their branches. 2022 Thesis https://ir.uitm.edu.my/id/eprint/78286/ https://ir.uitm.edu.my/id/eprint/78286/1/78286.pdf text en public phd doctoral Universiti Teknologi MARA (UiTM) Accounting Research Institute Mohamed, Norazida
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Mohamed, Norazida
topic	General works Financial institutions General works Financial institutions
spellingShingle	General works Financial institutions General works Financial institutions Sultan, Nasir Anti-money laundering regulations in financial institutions of Pakistan: a study of customer due diligence / Nasir Sultan
description	After 9/11, there has been an increase in money laundering/terrorist financing (ML/TF) crimes across the globe. As a result, the Financial Action Task Force (FATF) Recommendations were introduced to enable jurisdictions to control these criminal activities domestically and internationally. The FATF Recommendations were established as a tool for identifying, monitoring, combating and controlling ML activities. In compliance with Recommendations 10, each jurisdiction requires establishing a robust mechanism for customer due diligence (CDD) before offering financial services to clients. However, Financial Institutes (FIs) performance is not satisfactory on the CDD front, evident by the regulator's massive penalties on FIs. On the same grounds, Pakistani FIs with an international presence faced penalties by foreign regulators and closed their branches.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Sultan, Nasir
author_facet	Sultan, Nasir
author_sort	Sultan, Nasir
title	Anti-money laundering regulations in financial institutions of Pakistan: a study of customer due diligence / Nasir Sultan
title_short	Anti-money laundering regulations in financial institutions of Pakistan: a study of customer due diligence / Nasir Sultan
title_full	Anti-money laundering regulations in financial institutions of Pakistan: a study of customer due diligence / Nasir Sultan
title_fullStr	Anti-money laundering regulations in financial institutions of Pakistan: a study of customer due diligence / Nasir Sultan
title_full_unstemmed	Anti-money laundering regulations in financial institutions of Pakistan: a study of customer due diligence / Nasir Sultan
title_sort	anti-money laundering regulations in financial institutions of pakistan: a study of customer due diligence / nasir sultan
granting_institution	Universiti Teknologi MARA (UiTM)
granting_department	Accounting Research Institute
publishDate	2022
url	https://ir.uitm.edu.my/id/eprint/78286/1/78286.pdf
_version_	1804889700011343872

Anti-money laundering regulations in financial institutions of Pakistan: a study of customer due diligence / Nasir Sultan

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