The role of information sharing in combating money laundering: the importance and challenges of mutual legal assistance for developing jurisdictions like Pakistan

Nasir Sultan and Norazida Mohamed

Journal of Money Laundering Control, 2022, vol. 26, issue 6, 1242-1260

Abstract: Purpose - The study aims to explore the challenges of developing jurisdictions like Pakistan in achieving significant mutual legal assistance from the international community, especially for sharing financial information. Design/methodology/approach - A qualitative approach of semi-structured interviews was adopted to complete the study’s objective. The selection of financial experts for interviews was based on purposive sampling. Findings - This study concluded that Pakistan is facing several challenges, including mistrust of the international community; political disinterestedness and instability; delaying tactics in implementation, capacity and resources of law enforcers; and proximity with hostile neighbours. Originality/value - Rare studies discussed this issue in the Pakistani context.

Keywords: Information sharing; Anti-money laundering; Mutual legal assistance (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jmlcpp:jmlc-09-2022-0128

DOI: 10.1108/JMLC-09-2022-0128

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