Document Details

Document Type : Thesis 
Document Title :
The Role of Accounting in the Reduction of Money Laundering Operations: An Empirical Study in Kingdom of Saudi Arabia
دور المحاسبة في الحد من عمليات غسل الأموال : دراسة ميدانية في المملكة العربية السعودية
 
Subject : Faculty of Economics and Administration 
Document Language : Arabic 
Abstract : This study aims to shed lights on the role of accounting in reduction and combatting money laundering by identifying the extent of commitment by Saudi banks to Anti-Money Laundering standards and procedures, and by identifying the extent to which bank employees are aware of red-flag activities and suspicious indicators of money laundering. Furthermore, the study aims to identify the level of effectiveness of accounting procedures and internal controls in regard to preventing and deterring money laundering. This study employs the extrapolation approach, where previous literature, research papers and academic articles have been reviewed for the relevant perspectives on the subject matter. A questionnaire has been developed to collect the study data. The questionnaires have been distributed to accountants and bank employees working in Saudi banks, and to academic members working in Saudi universities. One hundred and seventy-two questionnaires were suitable for analysis. A number of findings have been reached through this study. The most important findings include: first, the significance of commitment by banks to the policies and procedures issued by the Saudi Arabian Monetary Authority. Second, the significance of awareness by Saudi bank employees of the money laundering activities and the procedures to combat them. Third, the direct or indirect contribution of accounting procedures in preventing and combating money laundering through the use of modern accounting systems, financial reports & statements, letters of credit, and accounting books. Fourth, it has been found that Saudi banks are committed to anti-money laundering policies and procedures. Moreover, bank employees exhibit high levels of awareness of the money laundering activities and methods of detecting and preventing them. Finally, it has been found that banks implement a number of accounting procedures, and develop internal controls that assist in combating money laundering activities. 
Supervisor : Dr. Saleh Abdulrahman Al-saad 
Thesis Type : Master Thesis 
Publishing Year : 1438 AH
2017 AD 
Added Date : Sunday, October 15, 2017 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
خديجة محمد العموديAlAmoudi, Khadija MohammedResearcherMaster 

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