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...

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Main Authors:	Zul Kepli, Mohd Yazid, Mohd. Yasin, Norhashimah
Format:	Conference or Workshop Item
Language:	English
Published:	2015
Subjects:	KPG Malaysia
Online Access:	http://irep.iium.edu.my/9260/ http://irep.iium.edu.my/9260/ http://irep.iium.edu.my/9260/1/anti-money.pdf

id	iium-9260
recordtype	eprints
spelling	iium-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 Conference or Workshop Item 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
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	KPG Malaysia
spellingShingle	KPG Malaysia Zul Kepli, Mohd Yazid Mohd. Yasin, Norhashimah Anti-money laundering legislation in Malaysia: the challenges within
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.
format	Conference or Workshop Item
author	Zul Kepli, Mohd Yazid Mohd. Yasin, Norhashimah
author_facet	Zul Kepli, Mohd Yazid Mohd. Yasin, Norhashimah
author_sort	Zul Kepli, Mohd Yazid
title	Anti-money laundering legislation in Malaysia: the challenges within
title_short	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_sort	anti-money laundering legislation in malaysia: the challenges within
publishDate	2015
url	http://irep.iium.edu.my/9260/ http://irep.iium.edu.my/9260/ http://irep.iium.edu.my/9260/1/anti-money.pdf
first_indexed	2023-09-18T20:18:59Z
last_indexed	2023-09-18T20:18:59Z
_version_	1777407979441618944

Anti-money laundering legislation in Malaysia: the challenges within

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