The compliance cost of Anti-money Laundering Legislation under Malaysia's dual financial system: A survey of bank compliance officers

Wee Pok; Normah Omar; Milind SATHYE

The compliance cost of Anti-money Laundering Legislation under Malaysia's dual financial system: A survey of bank compliance officers

Wee Pok, Normah Omar, Milind SATHYE

Canberra Business School

Research output: Contribution to journal › Article › peer-review

Abstract

We develop our understanding of the regulatory cost burden on banks due to the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA), by surveying 82 compliance officers in Malaysia. The study assumes importance given the dual financial system (conventional and Islamic) enshrined in the Malaysian Central Bank Act 2009.

Original language	English
Pages (from-to)	80-90
Number of pages	11
Journal	Academy of Taiwan Business Management Review
Volume	10
Issue number	1
Publication status	Published - 2014

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This output contributes to the following UN Sustainable Development Goals (SDGs)

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The compliance cost of Anti-money Laundering Legislation under Malaysia's dual financial system: A survey of bank compliance officers

Abstract

UN SDGs

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