Anti-money laundering legislation in Malaysia: the challenges within
This article discusses the legal and regulatory framework currently in place to safeguard the interest of the public, particularly innocent depositors in cases involving Innocent Deposit Taking. The reasons for the rampant and widespread cases of IDT in Malaysia are analyzed, followed by a study on...
| Main Authors: | , |
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| Format: | Proceeding Paper |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/9260/1/anti-money.pdf |
| _version_ | 1825645093783076864 |
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| author | Zul Kepli, Mohd Yazid Mohd. Yasin, Norhashimah |
| author_facet | Zul Kepli, Mohd Yazid Mohd. Yasin, Norhashimah |
| author_sort | Zul Kepli, Mohd Yazid |
| collection | IIUM |
| description | This article discusses the legal and regulatory framework currently in place to safeguard the interest of the public, particularly innocent depositors in cases involving Innocent Deposit Taking. The reasons for the rampant and widespread cases of IDT in Malaysia are analyzed, followed by a study on the adequacy of the current legal and regulatory framework. Best practices from other countries are also highlighted. The uniqueness of IDT and the legal dilemma to classify it as money laundering is also covered. The study ends with a series of suggestions and recommendations on how to ensure comprehensive protection for innocent depositors. |
| first_indexed | 2024-03-05T22:42:32Z |
| format | Proceeding Paper |
| id | oai:generic.eprints.org:9260 |
| institution | International Islamic University Malaysia |
| language | English |
| last_indexed | 2024-03-05T22:42:32Z |
| publishDate | 2015 |
| record_format | dspace |
| spelling | oai:generic.eprints.org:92602016-05-23T03:02:07Z http://irep.iium.edu.my/9260/ Anti-money laundering legislation in Malaysia: the challenges within Zul Kepli, Mohd Yazid Mohd. Yasin, Norhashimah KPG Malaysia This article discusses the legal and regulatory framework currently in place to safeguard the interest of the public, particularly innocent depositors in cases involving Innocent Deposit Taking. The reasons for the rampant and widespread cases of IDT in Malaysia are analyzed, followed by a study on the adequacy of the current legal and regulatory framework. Best practices from other countries are also highlighted. The uniqueness of IDT and the legal dilemma to classify it as money laundering is also covered. The study ends with a series of suggestions and recommendations on how to ensure comprehensive protection for innocent depositors. 2015 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/9260/1/anti-money.pdf Zul Kepli, Mohd Yazid and Mohd. Yasin, Norhashimah (2015) Anti-money laundering legislation in Malaysia: the challenges within. In: 4th International Conference on Law & Society (ICLAS IV) 2015 , 10th-11th May 2015, Auditorium, Academic Building (UniSZA), Kuala Trengganu. http://www.unisza.edu.my/iclas2015/index.php?option=com_content&view=featured&Itemid=101 |
| spellingShingle | KPG Malaysia Zul Kepli, Mohd Yazid Mohd. Yasin, Norhashimah Anti-money laundering legislation in Malaysia: the challenges within |
| title | Anti-money laundering legislation in Malaysia: the challenges within |
| title_full | Anti-money laundering legislation in Malaysia: the challenges within |
| title_fullStr | Anti-money laundering legislation in Malaysia: the challenges within |
| title_full_unstemmed | Anti-money laundering legislation in Malaysia: the challenges within |
| title_short | Anti-money laundering legislation in Malaysia: the challenges within |
| title_sort | anti money laundering legislation in malaysia the challenges within |
| topic | KPG Malaysia |
| url | http://irep.iium.edu.my/9260/1/anti-money.pdf |
| work_keys_str_mv | AT zulkeplimohdyazid antimoneylaunderinglegislationinmalaysiathechallengeswithin AT mohdyasinnorhashimah antimoneylaunderinglegislationinmalaysiathechallengeswithin |