Governance of Money Laundering: An Application of the Principal-agent Model

Syed Shah (), Akhter Hussain Shah and Sajawal Khan ()

MPRA Paper from University Library of Munich, Germany

Abstract: In this model we evaluate the strategy of principal (international financial regime) and affectivity of the network of money transaction to minimize transaction of money through money laundering by making laws and procedure and get these implemented by agents. With the application of present value method of cost and returns to agents and clients payoff matrix is developed. The present strategy of principal seems suboptimal to involve informal agents and clients in anti- money laundering measures and it needs revision to involve them through incentives.

JEL-codes: E50 (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in The Pakistan Development Review 4.45(2006): pp. 1117-1133

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/8868/1/MPRA_paper_8868.pdf original version (application/pdf)

Related works:
Journal Article: Governance of Money Laundering: An Application of the Principal-agent Model (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:8868

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().