Institutional pressures and RegTech challenges for banking: The case of money laundering and terrorist financing in Lebanon

DOUAIHY, HOUNAYDA BAKHOS; Rowe, Frantz

doi:10.1177/02683962231152968

Cited by 5 publications

(1 citation statement)

References 33 publications

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“…Many commercial banks in this era are facing increasing levels of regulatory and non-regulatory challenges, especially those working in developing countries. They struggle to get a good reputation and stay in business (Bakhos Douaihy & Rowe, 2023). Every year, huge amounts of money are obtained from illegal sources and criminal activities, and this money is usually laundered through the use of banks and financial institutions (Wongwishyakorn, 2023).…”

Section: Introductionmentioning

confidence: 99%

The effect of the banking supervision on anti-money laundering

Benzerrouk,

Alnor,

Al-Matari

et al. 2023

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This article's goal is to investigate the connection between banking supervision (BakSup) and anti-money laundering (AnMeyLg). The study's hypothesized model was examined using a survey questionnaire research methodology. The Central Bank of Sudan and the compliance departments of Sudanese banks provided the information. Just 247 valid surveys were received out of a total distribution of 450 questionnaires. The partial least squares method for structural equation modeling was applied. The statistical findings supported the impact of banking supervision on anti-money laundering. In-depth discussions of the study's specifics and consequences were included at various points. There are several real-world applications of the findings of this study. Management can use the findings to guide their decisions on whether or not to establish anti-money laundering procedures in their banking firms. Banking supervision may provide managers with effective anti-money laundering strategies for maximizing bank performance and maintaining market share. This is one of the few empirical studies of its kind that looks at how banking supervision affects efforts to combat money laundering.

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Section: Introductionmentioning

confidence: 99%

The effect of the banking supervision on anti-money laundering

Benzerrouk,

Alnor,

Al-Matari

et al. 2023

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Listening to regulators about the challenges in regulating emerging disruptive technologies

Galhardo,

de Souza

2024

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Purpose This study aims to investigate the regulatory challenges of emerging disruptive Information and Communication Technologies (ICT) in Brazil and the strategies regulators use to address them. Design/methodology/approach It is an empirical qualitative research on Brazil’s three administrative levels, focusing on the legislative houses’ specialised Science and Technology Committees. It combines archival analysis of public meeting records with elite interviews of parliamentarians and technocrats who participated in Public Hearings in 2019, which results in this paper analysed through the Theory of Communicative Action with a critical stance. Findings The research reveals that regulatory challenges gain new dimensions by involving discussions about emerging ICT. Factors such as time constraints, rapid technological evolution and widespread adoption compound these challenges, straining the preference for the incremental pace of regulation and the traditional model of specialised regulatory agencies. The research captures some regulators’ values, underlying concerns and perceived necessities for surmounting these challenges. It also outlines the preferred process for ICT regulation, revealing parliamentary assistants and executive intermediate-level specialists as gateways for interest groups’ action. Social implications The study's findings highlight the crucial role of specific actors as gateways to the covert action of interest groups, particularly Big Tech firms. This contribution is significant as it empowers civil society and academia to monitor and mitigate the risk of regulatory capture, thereby promoting a more transparent and equitable regulatory environment. Originality/value This research is original in directly engaging with the key figures (lawmakers, legislative assistants and specialised bureaucrats) involved in the critical and timely issue of regulating emerging disruptive technologies.

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Achieving banking industry innovation performance using total quality management: an empirical study

Ahinful,

Opoku Mensah,

Koomson

et al. 2024

TQM

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PurposeWhile scholars have researched the impact of specific total quality management (TQM) aspects on innovation performance (INP), empirical evidence on how the former, as a composite construct, influences the latter is rare. To add, empirical evidence on the mechanism through which TQM passes to affect innovative behaviour (INB) and, then, INP is limited. Essentially, scholars have requested that future research look at the boundary conditions that support the adoption of TQM activities in businesses. Although the banking sector has experienced a number of transformations, there is still a need to raise the standard of service provided to bank customers. This research sheds more light on this subject.Design/methodology/approachThis research tests the hypotheses in Ahinful et al.’s (2023) conceptual model using responses from 260 top- and middle-level bank managers by applying Smart PLS. Organisational support and team member exchange were used as potential control variables for the mediator, while slack resources and bank size were applied to the target endogenous latent construct. Mediation and moderation effects were estimated using the variance accounted for (VAF) and product indicator approaches, respectively. Sig. level was set at 5%.FindingsThis study found that TQM and INP had a positive and significant connection (ß = 0.303, p = 0.000), and INB partially mediated this connection (VAF = 40.92%). However, government regulation (GOV; ß = 0.055, p = 0.365), market dynamism (MKD; ß = 0.063, p = 0.434), competitive intensity (CMP; ß = 0.069, p = 0.297) and technological turbulence (TUR; ß = 0.011, p = 0.865) all failed to moderate the TQM–INB connection, although the expected positive directions of these moderation relationships were established.Research limitations/implicationsThis research provides empirical evidence on the TQM–INP connection, how this connection may be mediated and how the TQM–INB connection may be activated. It also sheds light on novel ways in which service quality in the banking sector may be improved. Upcoming research may explore other control variables in their research. Since the moderating relationships were unsupported, this avenue is open for further research, particularly in other banking settings across the globe.Practical implicationsPractical lessons for bank consultants, regulators, customers, employees and managers are deliberated.Originality/valueThis research is novel. It is the first to test the hypotheses in Ahinful et al.’s (2023) conceptual model. This study advances the theoretical frameworks and existing knowledge within the TQM, innovation and performance management fields.

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Institutional pressures and RegTech challenges for banking: The case of money laundering and terrorist financing in Lebanon

Cited by 5 publications

References 33 publications

The effect of the banking supervision on anti-money laundering

The effect of the banking supervision on anti-money laundering

Listening to regulators about the challenges in regulating emerging disruptive technologies

Achieving banking industry innovation performance using total quality management: an empirical study

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