1. UKM Learning and Research Repository
  2. Journal Article / Artikel Jurnal
  3. Journal Content Pages/ Kandungan Halaman Jurnal
Please use this identifier to cite or link to this item: https://ptsldigital.ukm.my/jspui/handle/123456789/578790
Full metadata record
DC FieldValueLanguage
dc.contributor.authorZaiton Hamin (UITM)
dc.contributor.authorMohd Bahrin Othman (UITM)
dc.contributor.authorSaslina Kamaruddin
dc.date.accessioned2023-11-06T03:07:44Z-
dc.date.available2023-11-06T03:07:44Z-
dc.date.issued2017-01
dc.identifier.issn0128-7702
dc.identifier.otherukmvital:116221
dc.identifier.urihttps://ptsldigital.ukm.my/jspui/handle/123456789/578790-
dc.descriptionSince 2004, legal practitioners in Malaysia are regarded as reporting institutions under the Anti-Money Laundering (AML) regime, with several statutory obligations imposed upon them involving record-keeping, customer due diligence, reporting suspicious transactions and implementing the compliance programme within their legal firms. However, official reports indicate that since then, the lawyers’ compliance with such duties is rather dismal. It is within this context that this paper seeks to examine their rationale not conforming to their statutory obligations. This paper adopts a qualitative approach. Primary data is obtained from seven case studies of legal firms in the country, which is triangulated with t data from the Central Bank and the Bar Council. Preliminary findings suggest that apart from legal professional privilege and assurance of client confidentiality, business rationality, and the cost-benefit analysis significantly contribute to the unwillingness of lawyers to comply with their AML obligations.
dc.language.isoen
dc.publisherUniversiti Putra Malaysia Press
dc.relation.haspartPertanika Journals
dc.relation.urihttp://www.pertanika.upm.edu.my/regular_issues.php?jtype=3&journal=JSSH-25-S-1
dc.rightsUKM
dc.subjectCompliance
dc.subjectCost-benefit analysis
dc.subjectMoney laundering
dc.subjectObligations
dc.subjectPrivilege
dc.subjectRationality
dc.titleWhen money is the reason: preliminary evidence of legal business compliance with anti-money laundering (aml) obligations
dc.typeJournal Article
dc.format.volume25
dc.format.pages145-154
dc.format.issueSpecial Issue
Appears in Collections:Journal Content Pages/ Kandungan Halaman Jurnal

Files in This Item:
File Description SizeFormat 
ukmvital_116221+Source01+Source010.PDF259.8 kBAdobe PDFThumbnail
View/Open
Show simple item record Recommend this item


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.