Money laundering: Analysis on the placement methods

The International Monetary Fund (IMF) in 2015 estimated the size of money laundering to be at 2-5% of the world Global Domestic Production (GDP) with around USD800 billion to USD2 trillion being laundered. The global criminal activities are on the rise and the contribution of money laundering to exa...

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Main Authors:	Zul Kepli, Mohd Yazid, Nasir, Maruf Adeniyi
Format:	Article
Language:	English
Published:	Zes Rokman Resources 2016
Subjects:	JX International law K Law (General)
Online Access:	http://irep.iium.edu.my/65817/ http://irep.iium.edu.my/65817/ http://irep.iium.edu.my/65817/1/Analysis%20on%20placement%20methods.pdf

id	iium-65817
recordtype	eprints
spelling	iium-658172018-09-20T08:26:15Z http://irep.iium.edu.my/65817/ Money laundering: Analysis on the placement methods Zul Kepli, Mohd Yazid Nasir, Maruf Adeniyi JX International law K Law (General) The International Monetary Fund (IMF) in 2015 estimated the size of money laundering to be at 2-5% of the world Global Domestic Production (GDP) with around USD800 billion to USD2 trillion being laundered. The global criminal activities are on the rise and the contribution of money laundering to exacerbate the problems associated with the upsurge in the criminal activities is unquantifiable. The negative effect of this on global economic development has grown to a staggering proportion. This is partly because the crisis experienced due to increase in criminal activities is borne out of the fact that the life blood of almost all the crimes are embedded in the financial system. Ironically, detecting money laundering becomes extremely difficult once it has been allowed to crystallized at layering level and finds its ways to the legitimate fund through integration mechanism. To combat money laundering, the parties must understand how money-laundering activities operate. The need to institute greater vigilance to prevent money laundering therefore becomes imperative. This has become the primary focus of most of the Anti-Money Laundering (AML) compliance measures and anti-crime initiatives at local and international levels. This paper therefore focus on the need to nib this dreaded crime at a point where it is almost likely to be detected. By using Malaysia as a focal point, the need to institute greater vigilance at placement level to salvage and ensure financial integrity in the banking sector as a necessary antidote to this problem is therefore the thrust or contention of this paper. Zes Rokman Resources 2016-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/65817/1/Analysis%20on%20placement%20methods.pdf Zul Kepli, Mohd Yazid and Nasir, Maruf Adeniyi (2016) Money laundering: Analysis on the placement methods. International Journal of Business, Economics and Law, 11 (5). pp. 1-9. ISSN 2289-1552 http://ijbel.com/wp-content/uploads/2017/03/IJBEL-50.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	JX International law K Law (General)
spellingShingle	JX International law K Law (General) Zul Kepli, Mohd Yazid Nasir, Maruf Adeniyi Money laundering: Analysis on the placement methods
description	The International Monetary Fund (IMF) in 2015 estimated the size of money laundering to be at 2-5% of the world Global Domestic Production (GDP) with around USD800 billion to USD2 trillion being laundered. The global criminal activities are on the rise and the contribution of money laundering to exacerbate the problems associated with the upsurge in the criminal activities is unquantifiable. The negative effect of this on global economic development has grown to a staggering proportion. This is partly because the crisis experienced due to increase in criminal activities is borne out of the fact that the life blood of almost all the crimes are embedded in the financial system. Ironically, detecting money laundering becomes extremely difficult once it has been allowed to crystallized at layering level and finds its ways to the legitimate fund through integration mechanism. To combat money laundering, the parties must understand how money-laundering activities operate. The need to institute greater vigilance to prevent money laundering therefore becomes imperative. This has become the primary focus of most of the Anti-Money Laundering (AML) compliance measures and anti-crime initiatives at local and international levels. This paper therefore focus on the need to nib this dreaded crime at a point where it is almost likely to be detected. By using Malaysia as a focal point, the need to institute greater vigilance at placement level to salvage and ensure financial integrity in the banking sector as a necessary antidote to this problem is therefore the thrust or contention of this paper.
format	Article
author	Zul Kepli, Mohd Yazid Nasir, Maruf Adeniyi
author_facet	Zul Kepli, Mohd Yazid Nasir, Maruf Adeniyi
author_sort	Zul Kepli, Mohd Yazid
title	Money laundering: Analysis on the placement methods
title_short	Money laundering: Analysis on the placement methods
title_full	Money laundering: Analysis on the placement methods
title_fullStr	Money laundering: Analysis on the placement methods
title_full_unstemmed	Money laundering: Analysis on the placement methods
title_sort	money laundering: analysis on the placement methods
publisher	Zes Rokman Resources
publishDate	2016
url	http://irep.iium.edu.my/65817/ http://irep.iium.edu.my/65817/ http://irep.iium.edu.my/65817/1/Analysis%20on%20placement%20methods.pdf
first_indexed	2023-09-18T21:33:22Z
last_indexed	2023-09-18T21:33:22Z
_version_	1777412659059097600

Money laundering: Analysis on the placement methods

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