The important roles of islamic financial institutions in combatting money laundering: a case study of Agrobank

Mansin, Mohd Bukhari and Zul Kepli, Mohd Yazid and Puniran, Mohd Noor Ikram (2018) The important roles of islamic financial institutions in combatting money laundering: a case study of Agrobank. In: The 8th International Conference on Postgraduate Education 2018, Universiti Malaysia Terengganu, Kuala Terengganu Malaysia. (Unpublished)

PDF (Unpublished) - Accepted Version Restricted to Repository staff only Download (10MB) | Request a copy

Abstract

This article analyzes the important roles of Islamic financial institutions (IFIs) in combating money laundering with a special focus on the Agrobank. This article describes the legal and regulatory framework governing Islamic financial institutions and the conventional financial institutions to see whether there are any major or minor differences concerning the duties and responsibilities of the bankers with special emphasis on anti-money laundering and counter financing of terrorism (AML/CFT) perspective. This article argues that in reality, the burden shared by Islamic financial institutions in relation to anti-money laundering and counter financing of terrorism is higher due to reputation risk that is associated to Islamic financial institutions. This article also analyzes the shariah perspective of money laundering.

Item Type:	Conference or Workshop Item (Plenary Papers)
Additional Information:	6861/70710
Uncontrolled Keywords:	money laundering, terrorism financing, Islamic financial institution, Islamic banking
Subjects:	K Law > K Law (General) K Law > KPG Malaysia
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Ahmad Ibrahim Kulliyyah of Laws > Department of Civil Law
Depositing User:	Dr Mohd Yazid Zul Kepli
Date Deposited:	05 Mar 2019 11:29
Last Modified:	05 Mar 2019 11:29
URI:	http://irep.iium.edu.my/id/eprint/70710

Actions (login required)

View Item