The New Technologies and the Fight Against Money Laundering and the Terrorism Financing

Jančíková, Eva; Veselovská, Stanislava; Entrepreneurship, Tematinská

doi:10.31410/eman.2018.334

Cited by 6 publications

(6 citation statements)

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“…Besides, it also allowed the researcher to present the view of different authors by identifying hidden patterns from their analysis after coding valuable information. Krippendorff [55] analysed that content analysis provided easy access to the flow of information offering various advantages such as limiting the possible bias in results and yielding results with high transparency.…”

Section: Data Analysis Methodsmentioning

confidence: 99%

“…The cycle is basically designed to allow criminals to enjoy these benefits without compromising their source. There is enormous continuity through illegal arms trafficking, theft and the commission of organised fraud, including drug trafficking and prostitution rings [55]. Schemes such as embezzlement, insider trading, bribes and the deception of the criminal computer network also generate huge profits and provide an incentive to spread unlawful wealth through money laundering.…”

Section: Money Laundering Consequences In Payment Systemsmentioning

confidence: 99%

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International Anti-Money Laundering Measures and Professional

Khan

2021

IJBMR

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Money laundering is one of the biggest and the fastest growing problems in the contemporary world. It is seen that in legitimate economy most of the dirty money i.e. 38.6% comes from the investment fraudulent schemes, bankruptcy fraud and corporate frauds whereas, 27.5% comes from drug trafficking. This rising trend of money laundering and other financial frauds are due to several reasons, which include the activities in businesses that do not comply with professional ethics. The current research is a qualitative research that has used secondary data to derive the results. Because the study followed a deductive approach, the results of the study have been derived by utilising the existing theories and established data from published literature and different reports. The analysis of the obtained data has been conducted in the form of content analysis to attain the objectives of the current study. The findings of the study suggest that the international organisations have taken several steps to ensure the reduction of money laundering by imposing several unified acts based on the Vienna Convention and the Palermo Convention. It has also been found that ethically compliant professional activities also play an integral part against money laundering. Some of these activities have been reported as forming strong codes of conduct for monetary operations, informing the bad repercussions of participating in money laundering activities, and having proper control and management strategies in position that can have adequate monitoring on institutional improper conduct. The study recommends that every state should have regulated and monitored free trade zones as they are often used as the cornerstone of money laundering. Moreover, a centralised reporting system of the financial institutions have also been recommended, alongside the establishment of a regulatory body for the lawyers and accountants.

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Section: Data Analysis Methodsmentioning

confidence: 99%

Section: Money Laundering Consequences In Payment Systemsmentioning

confidence: 99%

International Anti-Money Laundering Measures and Professional

Khan

2021

IJBMR

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“…The increase in the number of sophisticated incidents results from many factors (Jančíková, Pasztorová 2018;Jančíková, Veselovská 2018). One of them is that the migration of criminal activities online has professionalised the attacks and increased the overall level of threat to digital security.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Analysis of respondents' opinions and attitudes toward the security of payment systems

Korauš¹,

Gombár²,

Kelemen³

et al. 2019

JESI

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The number of financial and cyber-attacks is increasing. The latter trend in financial and cyber security incidents is global and, as such it is being monitored globally. Cyber and financial statistical data and the growing number of certified information management systems show the practical importance of data security at the international level. The decisions to solve the data security problems are based on the technical point of view, protection motivation theory, and security standards. By analysing the security of payment system, this article aspires to aid in the development of secure systems. Its aim is to contribute to the knowledge and comprehension of the behaviour of payment systems users with special focus on the aspect of their security. The article analyses the opinions and attitudes of respondents toward the questions dealing with the security of payment systems and their behaviour when using payment cards. The analysis is carried out from the aspect of gender, age and education of respondents by using multidimensional statistical methods, namely factor analysis and analysis of dispersion.

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“…A number of scientists have devoted their works to the management of economic and financial security at the banking level (Jančíková, Pasztorová 2018;Jančíková, Veselovská 2018). Korauš et al (2019aKorauš et al ( , 2019b analyze the security of payment systems.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Aspects of the security use of payment card pin code analysed by the methods of multidimensional statistics

Korauš¹,

Dobrovič²,

Polák³

et al. 2019

JESI

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The conception of economic security management should be established on instruments and measures that will enable the financial institutions to operate in their interest without losing their financial stability, profitability and economic independence. This is a significant prerequisite for the security of the functional components of the company's financial security. The article presents an analysis of research results. Its objective is to contribute to the knowledge and understanding of the behaviour of payment card users with a special focus on the aspect of their security connected with the use of payment card personal identification number (PIN). The article analyses the opinions and attitudes of respondents toward the questions dealing with the security of payment cards and their behaviour when using them. The analysis is carried out from the aspect of gender, age and education of respondents by using multidimensional statistical methods, namely factor analysis and analysis of dispersion.

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The New Technologies and the Fight Against Money Laundering and the Terrorism Financing

Cited by 6 publications

References 0 publications

International Anti-Money Laundering Measures and Professional

International Anti-Money Laundering Measures and Professional

Analysis of respondents' opinions and attitudes toward the security of payment systems

Aspects of the security use of payment card pin code analysed by the methods of multidimensional statistics

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