IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2019i1p244-d302630.html
   My bibliography  Save this article

Implementing a Sustainable Model for Anti-Money Laundering in the United Nations Development Goals

Author

Listed:
  • Zbysław Dobrowolski

    (Institute of Public Affairs, Jagiellonian University, 30-348 Kraków, Poland)

  • Łukasz Sułkowski

    (Management Department, University of Social Sciences, 90-113 Lodz, Poland)

Abstract

The United Nations Sustainable Development Goals (SDGs), adopted in 2015, are the most relevant global agreements on 17 of the most important issues that are crucial to all countries and their societies. The achievement of all SDGs requires a reduction in the scale of money laundering destabilizing domestic economies. This original research study has shown that the supreme audit institutions’ (SAI) capacity to audit and evaluate anti-money laundering system is limited for a number of reasons including the lack of global SAI standards and guidelines for auditing anti-money laundering systems. The aim of this research was to create a generally accepted approach to auditing anti-money laundering outcomes. To address the research goal, interviews were conducted with 15 representatives of 11 SAIs. In addition, members of the International Organization of Supreme Audit Institutions (INTOSAI) were interviewed and SAI audits of anti-money laundering entities were analysed. A literature review was also carried out. Based on this research study, an original approach both to managing anti-money laundering and auditing such activities was created. This research provides the basis for strengthening risk management that supports an efficient realization of SDGs. The proposed Sustainable Model for Anti-Money Laundering will enhance SAI’s audit capacity and significantly improve parliamentary watchdogs’ investigative functions.

Suggested Citation

  • Zbysław Dobrowolski & Łukasz Sułkowski, 2019. "Implementing a Sustainable Model for Anti-Money Laundering in the United Nations Development Goals," Sustainability, MDPI, vol. 12(1), pages 1-23, December.
    • Handle: RePEc:gam:jsusta:v:12:y:2019:i:1:p:244-:d:302630
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/1/244/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/1/244/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bassam Ali Raweh & Cao Erbao & Fadi Shihadeh, 2017. "Review the Literature and Theories on Anti-Money Laundering," Asian Development Policy Review, Asian Economic and Social Society, vol. 5(3), pages 140-147, September.
    2. Robert H. W. Boyer & Nicole D. Peterson & Poonam Arora & Kevin Caldwell, 2016. "Five Approaches to Social Sustainability and an Integrated Way Forward," Sustainability, MDPI, vol. 8(9), pages 1-18, September.
    3. Bassam Ali Raweh & Cao Erbao & Fadi Shihadeh, 2017. "Review the Literature and Theories on Anti-Money Laundering," Asian Development Policy Review, Asian Economic and Social Society, vol. 5(3), pages 140-147.
    4. Taylor, Frederick Winslow, 1911. "The Principles of Scientific Management," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number taylor1911.
    5. Pierre-Laurent Chatain & John McDowell & Cedric Mousset & Paul Allan Schott & Emile van der Does de Willebois, 2009. "Preventing Money Laundering and Terrorist Financing : A Practical Guide for Bank Supervisors [Prevención del lavado de dinero y del financiamiento al terrorismo : una guía práctica para supervisore," World Bank Publications - Books, The World Bank Group, number 2638.
    6. Regina Lenart-Gansiniec & Łukasz Sułkowski, 2018. "Crowdsourcing—A New Paradigm of Organizational Learning of Public Organizations," Sustainability, MDPI, vol. 10(10), pages 1-14, September.
    7. Irene M. Herremans & Jamal A. Nazari & Fereshteh Mahmoudian, 2016. "Stakeholder Relationships, Engagement, and Sustainability Reporting," Journal of Business Ethics, Springer, vol. 138(3), pages 417-435, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eulaiwi, Baban & Khalaf, Nihad Shareef & Al-Hadi, Ahmed & Duong, Lien & Taylor, Grantley, 2024. "Money laundering governance and income shifting: Evidence from Australian financial institutions," Economic Modelling, Elsevier, vol. 132(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bassam Raweh & Fadi Shihadeh & Farouk Alobaidi & Abdullah Aloqab, 2018. "Do Yemeni Banks Adhere to Best Practices of Anti-Money Laundering?," Business and Economic Research, Macrothink Institute, vol. 8(1), pages 164-177, March.
    2. Ambareen Beebeejaun, 2023. "Compliance with anti-money laundering procedures by banks—the case of Mauritius," Journal of Banking Regulation, Palgrave Macmillan, vol. 24(4), pages 474-483, December.
    3. Alina Mirela Teacu (Parincu), 2019. "Neuromanagement – the Impact of Neuroscience on the Organizational Performance," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 487-493.
    4. Giada Baldessarelli & Nathalie Lazaric & Michele Pezzoni, 2022. "Organizational routines: Evolution in the research landscape of two core communities," Post-Print halshs-03718851, HAL.
    5. Michel Anteby & Curtis K. Chan, 2018. "A Self-Fulfilling Cycle of Coercive Surveillance: Workers’ Invisibility Practices and Managerial Justification," Organization Science, INFORMS, vol. 29(2), pages 247-263, April.
    6. David Vallat, 2015. "Une alternative au dualisme État-Marché : l’économie collaborative, questions pratiques et épistémologiques," Working Papers halshs-01249308, HAL.
    7. Jeremy Atack & Robert A. Margo & Paul Rhode, 2020. "‘Mechanization Takes Command’: Inanimate Power and Labor Productivity in Late Nineteenth Century American Manufacturing," NBER Working Papers 27436, National Bureau of Economic Research, Inc.
    8. Ethan Ilzetzki & Saverio Simonelli, 2017. "Measuring Productivity Dispersion: Lessons From Counting One-Hundred Million Ballots," CSEF Working Papers 483, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    9. Alpenberg, Jan & Paul Scarbrough, D., 2018. "Trust and control in changing production environments," Journal of Business Research, Elsevier, vol. 88(C), pages 527-534.
    10. Fracarolli Nunes, Mauro & Lee Park, Camila & Shin, Hyunju, 2021. "Corporate social and environmental irresponsibilities in supply chains, contamination, and damage of intangible resources: A behavioural approach," International Journal of Production Economics, Elsevier, vol. 241(C).
    11. François Silva & Charles-Philippe Mourgues, 2020. "Les managers : mercenaires ou missionnaires," Post-Print hal-03083893, HAL.
    12. Agnieszka Wojewódzka-Wiewiórska & Anna Kłoczko-Gajewska & Piotr Sulewski, 2019. "Between the Social and Economic Dimensions of Sustainability in Rural Areas—In Search of Farmers’ Quality of Life," Sustainability, MDPI, vol. 12(1), pages 1-26, December.
    13. Udo Milkau, 2017. "Risk Culture during the Last 2000 Years—From an Aleatory Society to the Illusion of Risk Control," IJFS, MDPI, vol. 5(4), pages 1-20, December.
    14. Ariana Chang & Tian‐Shyug Lee & Hsiu‐Mei Lee, 2024. "Applying sustainable development goals in financial forecasting using machine learning techniques," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 2277-2289, May.
    15. N. I. Fisher & V. N. Nair, 2009. "Quality management and quality practice: Perspectives on their history and their future," Applied Stochastic Models in Business and Industry, John Wiley & Sons, vol. 25(1), pages 1-28, January.
    16. Diwas Singh KC & Bradley R. Staats, 2012. "Accumulating a Portfolio of Experience: The Effect of Focal and Related Experience on Surgeon Performance," Manufacturing & Service Operations Management, INFORMS, vol. 14(4), pages 618-633, October.
    17. Lise Arena & Anthony Hussenot, 2021. "From Innovations at Work to Innovative Ways of Conceptualizing Organization: A Brief History of Organization Studies," Post-Print hal-03290300, HAL.
    18. repec:awi:wpaper:0421 is not listed on IDEAS
    19. Vimpari, Jussi & Junnila, Seppo, 2017. "Evaluating decentralized energy investments: Spatial value of on-site PV electricity," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 1217-1222.
    20. Bloom, Nick & Manova, Kalina & Teng Sun, Stephen & Van Reenen, John & Yu, Zhihong, 2018. "Managing trade: evidence from China and the US," LSE Research Online Documents on Economics 88703, London School of Economics and Political Science, LSE Library.
    21. Tsoukias, Alexis, 2008. "From decision theory to decision aiding methodology," European Journal of Operational Research, Elsevier, vol. 187(1), pages 138-161, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:12:y:2019:i:1:p:244-:d:302630. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.