Technology and Anti-Money Laundering: A Systems Theory and Risk-Based Approach - Hardcover

Demetis, Dionysios S.

Hardcover

ISBN 10: 1848445563 ISBN 13: 9781848445567

Publisher: Edward Elgar Publishing Ltd, 2010

Synopsis

This insightful book examines the influence of information systems on anti-money laundering (AML). It builds on systems theory in order to develop a coherent theoretical framework that can be used for AML research.

By using a case study of a major financial institution in the EU-area, a number of technological influences on AML are deconstructed and are used to examine the role that technology plays within AML. The book provides a systems theoretical description of the effects of technology on AML and offers considerations on the risk-based approach - the most important contemporary evolution within regulatory initiatives on AML and terrorism financing.

Technology and Anti-Money Laundering will appeal to researchers of financial crime and AML as well as those interested in information systems and systems theory. A number of considerations for practitioners are also discussed, including the risk-based approach and the integration of AML-technology in financial institutions, as well as an important data-mining application. Money Laundering Reporting Officers (MLROs) in financial institutions and central bankers will also find much of interest in this book.

About this title

About the Author

Dionysios S. Demetis, Associate Professor (Reader), Hull University Business School, University of Hull, UK

Edition details

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 2010
• Language: English
• ISBN 10: 1848445563
• ISBN 13: 9781848445567
• Binding: Hardcover
• Number of pages: 200