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Compliance Strategies To Reduce The Risks Of Money Laundering And Terrorist Financing, Cassandra Nottage
Compliance Strategies To Reduce The Risks Of Money Laundering And Terrorist Financing, Cassandra Nottage
Walden Dissertations and Doctoral Studies
Ineffective compliance programs expose banking and trust companies to increased risk of money laundering (ML) and terrorist financing (TF). Using risk management theory, the purpose of this multiple case study was to explore compliance strategies that Bahamian bank and trust company managers use to reduce ML/TF risks. Study participants comprised 7 senior risk and compliance managers experienced in risk strategy development and implementation. Semistructured interview data were triangulated with data collected from internal policy and procedural documents, publicly available papers of the Financial Action Task Force on Money Laundering (FATF), the Basel Committee on Banking Supervision (BCBS), and the Central …