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Money Laundering: A Review of Literature and Future Research

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  • Rozaiha Ab Majid
  • Mohd Mohit Rahamad
  • Nor Aishah Mohd Ali
  • Siti Aisyah Basri

Abstract

Money laundering is one of the financial crimes that has become a major concern in most countries worldwide. The rising number of reported instances of money laundering could be driven by several reasons. With this growth, there is a growing academic interest in money laundering research; therefore, opportunities should be created for interested academics to evaluate the evolution of research in this field. This study was intended to evaluate published studies in this field from the origin of the idea of money laundering to the present to identify major trends or issues in money laundering research and to propose a research agenda for the future. A qualitative research design was adopted using a content analysis approach. It was found that most of the research focuses more on the relationship of money laundering with other offenses and the detection methods but lacking in the understanding of money laundering and the rules and regulations related to money laundering. This study is intended to be useful to current and future scholars in the field of financial crimes who are interested in the evolution of the literature and in identifying areas for future research

Suggested Citation

  • Rozaiha Ab Majid & Mohd Mohit Rahamad & Nor Aishah Mohd Ali & Siti Aisyah Basri, 2024. "Money Laundering: A Review of Literature and Future Research," Information Management and Business Review, AMH International, vol. 16(3), pages 282-291.
    • Handle: RePEc:rnd:arimbr:v:16:y:2024:i:3:p:282-291
    DOI: 10.22610/imbr.v16i3(I).3823
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    References listed on IDEAS

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    1. Nurlan N. Niyetullayev & Paul Almond, 2014. "Money laundering and the shadow economy in Kazakhstan," Journal of Money Laundering Control, Emerald Group Publishing Limited, vol. 17(2), pages 128-140, May.
    2. Gowin, Kathleen Donnelly & Wang, Daphne & Jory, Surendranath Rakesh & Houmes, Robert & Ngo, Thanh, 2021. "Impact on the firm value of financial institutions from penalties for violating anti-money laundering and economic sanctions regulations," Finance Research Letters, Elsevier, vol. 40(C).
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