• ISSN: 2301-3567
    • Frequency: Quarterly (2013-2014); Monthly (Since 2015)
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms Jessica C. Xiao
    • Abstracting/ Indexing: DOAJ, Engineering & Technology Library,  Electronic Journals Library, Ulrich's Periodicals Directory, MESLibrary, Google Scholar, Crossref, and ProQuest.
    • E-mail: joebm@ejournal.net
JOEBM 2015 Vol.3(2): 226-232 ISSN: 2301-3567
DOI: 10.7763/JOEBM.2015.V3.185

Awareness, Perceived Impact and Views of Malaysian Accountants on the AML/CFT Requirements

Normah Omar, Zuraidah Mohd-Sanusi, and Hendi Prabowo
Abstract—Understanding the important roles of accountants as one of the non-financial businesses and professions (DNFBPs) as listed by Financial Action Task Force (FATF) in curbing the money laundering and terrorism financing activities, we conducted a survey to assess the level of awareness and perceived impact of the Malaysian chartered accountants on the Anti-Money Laundering/Counterfeit Financing Terrorism (AML/CFT) requirements, as well as their views on the cost and benefits in implementing the AML/CFT requirements. A total of 100 questionnaires were distributed to Malaysian chartered accountants from various scopes of works in Malaysia. Out of those, a total of 90 usable responses were received, which represent an effective response of 90%. The findings from this study would provides an important insights regarding the awareness of the accountants and understanding regarding the AML/CFT requirements and is useful to the Malaysian Institute of Accountants, academician and other researchers.

Index Terms—AML/CFT, awareness, benefits, DNFBPs, perceived impact.

N. Omar and Z. Mohd-Sanusi are with the Accounting Research Institute, Universiti Teknologi MARA, 40450 Shah Alam, Selangor, Malaysia (e-mail: normah645@salam.uitm.edu.my, zuraidahms@salam.uitm.edu.my).
H. Prabowo is with the Faculty of Economics, Universitas Islam Indonesia, Yogyakarta 55283, Indonesia (e-mail: hendi_prabowo@yahoo.com).

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Cite: Normah Omar, Zuraidah Mohd-Sanusi, and Hendi Prabowo, "Awareness, Perceived Impact and Views of Malaysian Accountants on the AML/CFT Requirements," Journal of Economics, Business and Management vol. 3, no. 2, pp. 226-232, 2015.

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