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The Impact of Corruption and Nepotism on Banks' Ability to Limit Money Laundering


Essam Al-Husseini
Abstract

The study aims to identifying corruption and nepotism on banks' ability to limit money laundering, the current research base on quantitative technique, used expressive and investigative way rely on questionnaires which were applied on a sample of 115 employees in State-owned Iraqi banks. The study reached that there is a Moderate estimation of Corruption, and cronyism and its effect on banks' ability to limit money laundering. Depending on results the study recommends developing policies through cooperation and research, contributing to international discussions from a unique perspective that links efforts to combat money laundering with governance, anti-corruption, financial inclusion, facilitation of business activities, tax collection, looted money recovery, money disclosure, environmental crimes and other development issues.

Volume 12 | 02-Special Issue

Pages: 271-279

DOI: 10.5373/JARDCS/V12SP2/SP20201070