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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| Format: | Thesis |
| Language: | en |
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2022
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| Online Access: | https://ir.uitm.edu.my/id/eprint/78286/1/78286.pdf https://ir.uitm.edu.my/id/eprint/78286/ |
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| _version_ | 1833076817667293184 |
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| author | Sultan, Nasir |
| author_facet | Sultan, Nasir |
| author_sort | Sultan, Nasir |
| building | Tun Abdul Razak Library |
| collection | Institutional Repository |
| content_provider | Universiti Teknologi Mara |
| content_source | UiTM Institutional Repository |
| continent | Asia |
| country | Malaysia |
| 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 |
| id | my.uitm.ir-78286 |
| institution | Universiti Teknologi Mara |
| language | en |
| publishDate | 2022 |
| record_format | eprints |
| spelling | my.uitm.ir-782862024-06-24T04:20:06Z https://ir.uitm.edu.my/id/eprint/78286/ Anti-money laundering regulations in financial institutions of Pakistan: a study of customer due diligence / Nasir Sultan 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 NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/78286/1/78286.pdf Anti-money laundering regulations in financial institutions of Pakistan: a study of customer due diligence / Nasir Sultan. (2022) PhD thesis, thesis, Universiti Teknologi MARA (UiTM). <http://terminalib.uitm.edu.my/78286.pdf> |
| spellingShingle | General works. Financial institutions Commercial crimes. Financial crimes Sultan, Nasir Anti-money laundering regulations in financial institutions of Pakistan: a study of customer due diligence / Nasir Sultan |
| title | 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_short | 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 |
| topic | General works. Financial institutions Commercial crimes. Financial crimes |
| url | https://ir.uitm.edu.my/id/eprint/78286/1/78286.pdf https://ir.uitm.edu.my/id/eprint/78286/ |
| url_provider | http://ir.uitm.edu.my/ |