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.