IDEAS home Printed from https://ideas.repec.org/a/jfr/afr111/v13y2024i2p24.html
   My bibliography  Save this article

Cyber-Laundering and Its Impacts on Auditors: A Conceptual Paper

Author

Listed:
  • Nur Afiqah Md Amin
  • Nurul Iffah Ghazali
  • Nurul Najihah Hassan
  • Nur Aisyah Ramlan
  • Nur Maisara Sofea Abdul Rahman
  • Sarah Lailatulhuda Sharifudin

Abstract

This concept paper explores how cyber-laundering affects auditors and the difficulties they encounter in identifying and preventing this emerging form of financial crime. Cyber-laundering is the act of utilizing digital currencies and online platforms to facilitate money laundering activities, which complicates the tracking of illegal financial transactions by auditors. The study emphasizes that cyber-laundering attracts money launderers due to the anonymity, lack of face-to-face interaction, as well as rapid transaction speed. It also discusses the placement, layering, and integration process of cyber-laundering, which makes it harder for auditors to detect and prevent fraud. Risks associated with cyber-laundering, including reputation, regulatory, and geographical are also identified. The literature review part analyzes the impact on auditors, various elements of cyber-laundering, and the process involved. The study highlights a research gap in understanding the effects of cyber-laundering on auditors and suggests the necessity for thorough research in this area. The paper ends with recommendations for enhancing public awareness and education on cyber-laundering. To effectively tackle cyber-laundering, a multidisciplinary strategy is necessary, along with continuous attempts to improve auditors' skills in dealing with this complex financial crime.

Suggested Citation

  • Nur Afiqah Md Amin & Nurul Iffah Ghazali & Nurul Najihah Hassan & Nur Aisyah Ramlan & Nur Maisara Sofea Abdul Rahman & Sarah Lailatulhuda Sharifudin, 2024. "Cyber-Laundering and Its Impacts on Auditors: A Conceptual Paper," Accounting and Finance Research, Sciedu Press, vol. 13(2), pages 1-24, May.
  • Handle: RePEc:jfr:afr111:v:13:y:2024:i:2:p:24
    as

    Download full text from publisher

    File URL: https://www.sciedupress.com/journal/index.php/afr/article/download/25599/15876
    Download Restriction: no

    File URL: https://www.sciedupress.com/journal/index.php/afr/article/view/25599
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hamed Taherdoost, 2022. "Understanding Cybersecurity Frameworks and Information Security Standards—A Review and Comprehensive Overview," Post-Print hal-03741855, HAL.
    2. Hamed Taherdoost, 2022. "Understanding Cybersecurity Frameworks and Information Security Standards—A Review and Comprehensive Overview," Post-Print hal-03741854, HAL.
    Full references (including those not matched with items on IDEAS)

    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. Kamal Uddin Sarker & Farizah Yunus & Aziz Deraman, 2023. "Penetration Taxonomy: A Systematic Review on the Penetration Process, Framework, Standards, Tools, and Scoring Methods," Sustainability, MDPI, vol. 15(13), pages 1-26, July.
    2. Alessandro Mazzoccoli, 2023. "Optimal Cyber Security Investment in a Mixed Risk Management Framework: Examining the Role of Cyber Insurance and Expenditure Analysis," Risks, MDPI, vol. 11(9), pages 1-14, August.
    3. Monaco, Roberto & Bergaentzlé, Claire & Leiva Vilaplana, Jose Angel & Ackom, Emmanuel & Nielsen, Per Sieverts, 2024. "Digitalization of power distribution grids: Barrier analysis, ranking and policy recommendations," Energy Policy, Elsevier, vol. 188(C).

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    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:jfr:afr111:v:13:y:2024:i:2:p:24. 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: Sciedu Press (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    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.