Anti-Money Laundering Regulations and Banking Sector Stability (Published)
The research examines how anti-money laundering (AML) laws affect the banking sector stability (BSS) in four nations which are Haiti, Myanmar, Malta, and Nigeria between 2015 and 2024. Based on panel data and Vector Error Correction Model (VECM), the study assesses the interaction between AML efforts and macroeconomic factors that include GDP growth, inflation, and the size of the banks. According to descriptive analysis, the distribution of BSS and AML risk is broad across the countries with Haiti performing the worst in terms of risk and stability and Malta performing the best across standards of regulation. Unit root tests and cointegrating tests verify long-run relationships, and the results demonstrate that lower regulation of AML contributes significantly to a lack of stability in banks, whereas an increased growth of GDP strengthens stability. BSS is impacted negatively by inflation, but the size of banks is not an important factor. The term that represents the error correction shows a convergence of 32 percent each year towards equilibrium. The research proposes the wherewithal, AML-specific, and harmonised macroeconomic policies to strengthen the resilience of banking, especially in weaker and riskier jurisdictions.
Keywords: Banking Sector, Regulations., anti-money laundering, stability
Role of Islamic Banks in Anti-Money Laundering in Yemen (Published)
Money laundering and terrorist financing are considered among the most dangerous financial issues. Accordingly, all countries around the world prioritize combating these crimes. Islamic banks, in particular, have a significant role to play.Since the unrest in Yemen, the country has shown great interest in addressing these crimes and has begun taking measures to curb them. This study employs an analytical regression approach. A questionnaire distributed to a sample of 129 participants examines the role of Yemen Islamic banks in anti-money laundering (AML) efforts. The findings suggest that Islamic banks are committed to AML, and their role has a positive impact on these efforts
Keywords: Islamic Banks, anti-money laundering