The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia

This article highlights the adverse consequences of corruption and money laundering and its crippling effect on the nation’s economy with special attention to the Malaysian landscape. This article argues that the effects are worse than previously predicted. The devastating effects include political...

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Main Authors:	Azman, Izza Maryam, Zul Kepli, Mohd Yazid, Puniran, Mohd Noor Ikram
Format:	Conference or Workshop Item
Language:	English
Published:	2018
Subjects:	K Law (General)
Online Access:	http://irep.iium.edu.my/70718/ http://irep.iium.edu.my/70718/1/70718_THE%20DEVASTATING%20EFFECTS%20OF%20MONEY_complete_new.pdf

id	iium-70718
recordtype	eprints
spelling	iium-707182019-03-05T05:07:22Z http://irep.iium.edu.my/70718/ The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia Azman, Izza Maryam Zul Kepli, Mohd Yazid Puniran, Mohd Noor Ikram K Law (General) This article highlights the adverse consequences of corruption and money laundering and its crippling effect on the nation’s economy with special attention to the Malaysian landscape. This article argues that the effects are worse than previously predicted. The devastating effects include political instability, economic instability and digression, loss of control over economic policy, loss of reputation, loss of competitiveness, productivity and investment, loss of government revenue and privatization efforts. In addition, money laundering encourages crimes and reduces people’s lifestyle and quality of life. The main references for this article include analysis reports prepared by regulators, articles in established journals, newspaper reports and interviews with academicians and leading experts. 2018-12 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/70718/1/70718_THE%20DEVASTATING%20EFFECTS%20OF%20MONEY_complete_new.pdf Azman, Izza Maryam and Zul Kepli, Mohd Yazid and Puniran, Mohd Noor Ikram (2018) The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia. In: The 8th International Conference on Postgraduate Education 2018, 3 -4 December 2018, Universiti Malaysia Terengganu, Kuala Terengganu Malaysia.. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	K Law (General)
spellingShingle	K Law (General) Azman, Izza Maryam Zul Kepli, Mohd Yazid Puniran, Mohd Noor Ikram The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia
description	This article highlights the adverse consequences of corruption and money laundering and its crippling effect on the nation’s economy with special attention to the Malaysian landscape. This article argues that the effects are worse than previously predicted. The devastating effects include political instability, economic instability and digression, loss of control over economic policy, loss of reputation, loss of competitiveness, productivity and investment, loss of government revenue and privatization efforts. In addition, money laundering encourages crimes and reduces people’s lifestyle and quality of life. The main references for this article include analysis reports prepared by regulators, articles in established journals, newspaper reports and interviews with academicians and leading experts.
format	Conference or Workshop Item
author	Azman, Izza Maryam Zul Kepli, Mohd Yazid Puniran, Mohd Noor Ikram
author_facet	Azman, Izza Maryam Zul Kepli, Mohd Yazid Puniran, Mohd Noor Ikram
author_sort	Azman, Izza Maryam
title	The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia
title_short	The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia
title_full	The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia
title_fullStr	The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia
title_full_unstemmed	The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia
title_sort	devastating effects of money laundering on a nation’s socio economy: a case study of malaysia
publishDate	2018
url	http://irep.iium.edu.my/70718/ http://irep.iium.edu.my/70718/1/70718_THE%20DEVASTATING%20EFFECTS%20OF%20MONEY_complete_new.pdf
first_indexed	2023-09-18T21:40:24Z
last_indexed	2023-09-18T21:40:24Z
_version_	1777413100991938560

The devastating effects of money laundering on a nation’s socio economy: a case study of Malaysia

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