Purpose – This paper attempts to explain the key elements and associated definitions of the financial institutions' enterprise‐wide anti‐money laundering (AML) information system, and to discuss the technical theory for implementing the information system. Design/methodology/approach –...

Purpose – The purpose of this paper is to systematically introduce the latest documents of customer due diligence (CDD) issued by international organizations and developed countries, and to examine practice of CDD in China. Design/methodology/approach – This paper reviews the latest...

Purpose – The purpose of this paper is to explain the operating background of combating money laundering in transition countries, to demonstrate the unique phenomenon of “adopt but not enforce” and “selective implementation,” to discuss the role of anti‐money laundering (AML) system...

Purpose – The purpose of this paper is to explain the rule‐based and risk‐based anti‐money‐laundering (AML) approach, to demonstrate the implementation problems in carrying out a risk‐based approach (RBA) to AML and finally propose in what way the RBA should be conducted in China....

Purpose – The purpose of this paper is to reveal the money laundering vulnerabilities of internet payment services, to analyse the key elements of conducting risk‐based approach (RBA), and finally to provide recommendations of apply RBA to anti‐money laundering (AML) regulations on...

Purpose – The purpose of this conference paper is to provide a contextual and better understanding of the nexus between corruption and money laundering, in order to enhance the role of anti‐money laundering (AML) in combating corruption. Design/methodology/approach – This paper analyses...

Purpose – This paper proposes to use system integration between customer relationship management (CRM) and anti‐money laundering (AML) suspicious data reporting in commercial banks to increase the initiative of suspicious transaction identification, reduce the false reporting rates, and...