doi: 10.7763/JOEBM.2015.V3.173
FATF Recommendations Related to DNFBPs on Anti Money Laundering Assessment
Normah Omar
,
- Accounting Research Institute, Universiti Teknologi MARA, Malaysia.
Abstract
Globally, member countries are expected to comply to the international standard on anti-money laundering and anti-financing of terrorism proposed by the Financial Action Task Force (FATF) money laundering activities are monitored through the the stipulated recommendations The paper analyzed the compliance rate among five chosen countries (Canada, France, Spain, Mexico and Sweden) as related to FATF 40+9 Recommendations especially on Recommendations for Designated Non-Financial Businesses and Professions (DNFBPs). This study also looks at factors underlying the compliance among countries chosen. This analysis will give better understanding on the level of compliance among countries chosen.
Keywords
- DNFBPs
- AML/CFT
- law enforcement
How to Cite
Normah Omar and Haslinn Hajudin, "FATF Recommendations Related to DNFBPs on Anti Money Laundering Assessment," Journal of Economics, Business and Management, vol. 3, no. 2, pp. 156-160, 2015. https://doi.org/10.7763/JOEBM.2015.V3.173
Copyright & License
Copyright © 2015 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).