Anti-Money Laundering in Italian Banks

Birindelli, Giuliana and Ferretti, Paola and Torre, Maura La (2014) Anti-Money Laundering in Italian Banks. British Journal of Economics, Management & Trade, 4 (6). pp. 841-861. ISSN 2278098X

[thumbnail of Birindelli462013BJEMT7266.pdf] Text
Birindelli462013BJEMT7266.pdf - Published Version

Download (415kB)

Abstract

Aims: This paper focuses on some relevant aspects of a banking anti-money laundering (AML) system (training, information and regulatory development) in order to understand their impact on the enhancement of the customer risk assessment process.

Study Design: Research based on questionnaire.

Place and Duration of Study: Italy, between September 2012 and September 2013.

Methodology: We sent questionnaires to the 75 Italian banking groups listed in the Bank of Italy Register at March 2012. Over 60 per cent of the total participated to the survey.

Results: Training, information and regulatory development represent important points in the AML systems of the banks of the sample. They show a strong commitment in the development of the (Know Your Customer process), in order to fight against money laundering; however weaknesses are still present and improvements are needed.

Item Type: Article
Subjects: Souths Book > Social Sciences and Humanities
Depositing User: Unnamed user with email support@southsbook.com
Date Deposited: 03 Jul 2023 04:58
Last Modified: 23 Sep 2024 04:51
URI: http://research.europeanlibrarypress.com/id/eprint/1222

Actions (login required)

View Item
View Item