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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106) 



JOURNAL OF ACCOUNTING AND FINANCE 


Strategic Management to Prevent Money Laundering: The Role of Effective Communication


Author(s): Yurdagül Meral

Citation: Yurdagül Meral, (2020) "Strategic Management to Prevent Money Laundering: The Role of Effective Communication," Journal of Accounting and Finance, Vol. 20, ss. 6, pp. 32-48

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Financial institutions take precautions to avoid money-laundering and financial crimes. Public became aware of the sanctions when HSBC has agreed to pay $1.92 billion dollars to state authorities in 2012 for transfering dollars illegally into US. Banks apply “Know Your Customer” procedures to avoid such risks. In relation with sanctions, SWIFT system will be defined, with application namely ‘KYC Registry’ which gives information about the customers in international trade, through cross borders. The reasons why this applicatiıon must be used, how risk will be mitigated, by sharing information with maximum transparency and SWIFT’s new KYC application will be defined.