A study of Malaysian anti-money laundering law and the impact on public and private sector

Fahmi Bin Adilah, Mohd Zamre Mohd Zahir, Hasani Mohd. Ali and Muhamad Sayuti Hassan

Journal of Money Laundering Control, 2022, vol. 26, issue 4, 831-844

Abstract: Purpose - The objectives of this study are to analyse the present Malaysian law regarding money laundering, to identify advantages and disadvantages of the current anti-money laundering law, to analyse its impact on the public sector and the private sector and to make recommendations on any improvements that should be made. Design/methodology/approach - This study will use a qualitative method where the literature review method applies to collect primary and secondary data regarding anti-money laundering laws. Data has been collected from the various provisions of laws and text reading, such as books, articles, journals, law cases and thesis regarding anti-money laundering laws and those analysed with the content analysis method and the critical analysis method. Findings - This study found that Malaysia has one law regarding anti-money laundering and they have control over individual and corporate entities in Malaysia. Originality/value - This study found that Malaysia has one law regarding anti-money laundering and they have control over individual and corporate entities in Malaysia.

Keywords: Illegal activities; Malaysia; Money laundering; Private sector; Public sector (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jmlcpp:jmlc-02-2022-0035

DOI: 10.1108/JMLC-02-2022-0035

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