Journals Information
Universal Journal of Accounting and Finance Vol. 10(2), pp. 457 - 464
DOI: 10.13189/ujaf.2022.100210
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Determinant of Compliance Perceptions among Bank Officers towards Anti-Money Laundering
Nor Balkish Zakaria *, Norazida Mohamed , Nuha Marzukai
Accounting Research Institute, Universiti Teknologi MARA, Shah Alam, Malaysia
ABSTRACT
The purpose of this study is to investigate the perceptions of determinants of anti-money laundering compliance among banking officers in mitigating money laundering. There are three independent variables that are employed in this study to understand and analyze the level of perceived compliance among the banking compliance officers, which are the regulatory comprehensiveness, training, and awareness. The data were collected through the distribution of questionnaires to 56 banks in Malaysia. The findings of this study show that there is a positive relationship between regulatory comprehensiveness, training, and awareness on the perceived level of compliance. This study recommends that efforts should be made by the banking institution to strengthen the anti-money laundering regulation and policy to improve the efficiency of financial institutions in Malaysia. In addition, the compliance officer's competency should be enhanced to ensure better compliance quality.
KEYWORDS
Anti-Money Laundering, Compliance Perceptions, Banking Institution
Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Nor Balkish Zakaria , Norazida Mohamed , Nuha Marzukai , "Determinant of Compliance Perceptions among Bank Officers towards Anti-Money Laundering," Universal Journal of Accounting and Finance, Vol. 10, No. 2, pp. 457 - 464, 2022. DOI: 10.13189/ujaf.2022.100210.
(b). APA Format:
Nor Balkish Zakaria , Norazida Mohamed , Nuha Marzukai (2022). Determinant of Compliance Perceptions among Bank Officers towards Anti-Money Laundering. Universal Journal of Accounting and Finance, 10(2), 457 - 464. DOI: 10.13189/ujaf.2022.100210.