The propensity for money laundering amongst accountants in Malaysia

  • Nur Hanie Johari Unic Leisure Transtour Sdn. Bhd., Unic Avenue A, Lot 2767, Jalan Raja Syed Alwi, 01000 Kangar, Perlis, Malaysia
  • Wan Nailah Abdullah Faculty of Accountancy, Universiti Teknologi MARA, 08400 Merbok, Kedah, Malaysia
  • Hasnisah Hassan Faculty of Accountancy, Universiti Teknologi MARA, 08400 Merbok, Kedah, Malaysia

Abstract

Based on the International Narcotics Control Strategy Report, Malaysia is used as a transit country to move drugs globally. Launderers continuously update their new routes for laundering their illegal funds. Accountants are vulnerable to involvement in money laundering as they are the gatekeepers and the bridge to committing money-laundering activities. This paper conceptualises the relationship between the propensity for money laundering amongst accountants in Malaysia, with their familiarity with the Financial Action Task Force (FATF), the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities (AMLATFAPUAA) Act 2001, and the Anti-Money Laundering (AML) Requirements. 

Published
2023-10-18
How to Cite
JOHARI, Nur Hanie; ABDULLAH, Wan Nailah; HASSAN, Hasnisah. The propensity for money laundering amongst accountants in Malaysia. Social and Management Research Journal, [S.l.], v. 20, n. 2, p. 207-215, oct. 2023. ISSN 0128-1089. Available at: <https://myjms.mohe.gov.my/index.php/SMRJ/article/view/24402>. Date accessed: 17 apr. 2024. doi: https://doi.org/10.24191/smrj.v20i2.24402.

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