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Purpose: This paper aims to examine the impact of corruption and money laundering (ML) on the profitability and stability of Islamic banks. Design/methodology/approach: This study used the data of 53 conventional and 19 Islamic banks of Pakistan and Malaysia to have comparative insights. The...
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Purpose: This paper aims to provide a review of Anti-Money-Laundering (AML) after the latest amendments, i.e. Anti-Money Laundering Act of 2020 in Pakistan. Design/methodology/approach: This paper performs a detailed review of AML and related laws and amendments to record notable changes and...
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