Modelling the Risk Profiles of Clients in the Fight Against Money Laundering and Terrorism Financing
Global standards require financial intermediaries (FIs) to develop risk profiles to fight money laundering and terrorism financing. International typologies and multivariate analysis techniques are used to define profiles and develop models to classify clients; indicators are proposed to assess the vulnerability and exposure of intermediaries and the quality and stability of the models. Statistical evidence proves significant to validate profiles, avoiding the use of subjective criteria, generalizations, or stereotypes; a time-, resource-, and cost-efficient process is designed for FIs to monitor transactions and clients; the models are shown to be useful to assist intermediaries and regulators to deter these types of crimes.
Volume (Year): 12 (2013)
Issue (Month): 2 (December)
|Contact details of provider:|| Postal: 100 Wenhwa Road, Seatwen, Taichung|
Web page: http://www.ijbe.org/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Marco Arnone & Pier Padoan, 2008.
"Anti-money laundering by international institutions: a preliminary assessment,"
European Journal of Law and Economics,
Springer, vol. 26(3), pages 361-386, December.
- Marco Arnone & Pier Carlo Padoan, 2007. "Anti-Money Laundering by International Institutions:A Preliminary Assessment," Working Papers 74, Sapienza University of Rome, CIDEI.
- Donato Masciandaro, 1999. "Money Laundering: the Economics of Regulation," European Journal of Law and Economics, Springer, vol. 7(3), pages 225-240, May.
- Edward I. Altman, 1968. "Financial Ratios, Discriminant Analysis And The Prediction Of Corporate Bankruptcy," Journal of Finance, American Finance Association, vol. 23(4), pages 589-609, 09. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:ijb:journl:v:12:y:2013:i:2:p:97-120. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Yi-Ju Su)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.