The effectiveness of anti-money laundering training

• Main Author: Punitha, Vengdasamy
• Format: Thesis
• Language: English; English
• Published: 2018
• Subjects: HD58.9 Organizational Effectiveness.
• Online Access: https://etd.uum.edu.my/7292/1/s808513_01.pdf; https://etd.uum.edu.my/7292/2/s808513_02.pdf; https://etd.uum.edu.my/7292/

Banks are traditionally measured as pillars of economic prosperity. The best banking system will be able to ensure good production in all sectors of the economy. Money laundering is the process of providing legitimate appearance to the illegally gained revenue. Money laundering has the tradition of eroding the financial institutions and weakening the financial sector role in economic growth. All bank staff must aware on the money laundering activities and the impact of money laundering to the economic growth. The needs of Anti Money LaW1dering training has been increased in current situation. The purposed of this study is to find out the effectiveness of anti-money laundering (AML) training among Bank A staff. There are number of key conceptual models used to illustrate the relationship between factors significantly influence the effectiveness of training. The key conceptual models are used in this study is trainee characteristics, training design and work environment. All the three (3) models are the influencing factor in the effectiveness of training. Based on analysis it was found that training design and work environment have significant contribution to the effectiveness of AML training among Bank A staff. Hierarchically, these two factors are found have positive relationship with the effectiveness of AML training. Recommendation and implications for future research and practice were also discussed.