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Requirements for Audit Firms Regarding the Prevention and Combating of Money Laundering

Author

Listed:
  • Sergiu Soimu

    (Academy of Economic Studies of Moldova, Chisinau, Republic of Moldova / „Stefan cel Mare” University of Suceava, Romania)

  • Galina Badicu

    (Academy of Economic Studies of Moldova, Chisinau, Republic of Moldova)

  • Diana Rencheci

    (Academy of Economic Studies of Moldova, Chisinau, Republic of Moldova)

Abstract

Money laundering is a global problem, respectively, and the effort to combat it in order to ensure the integrity of financial systems is global. At the international level, there are anti-money laundering policies, encompassing a number of common regulations and requirements, some of which, however, vary by country and jurisdiction. The study is based on research focused on regulation in the field, emphasizing the role of audit entities. The investigation was supported by the legislative acts of the Republic of Moldova, as well as the international ones. The research methodology includes academic research methods, such as qualitative, dialectical and the methods inherent in economic disciplines. The qualitative method allowed the analysis of the research theme present in the published works, which can be found in the Web of Science, Scopus and EBSCO databases. The study constitutes a significant contribution to the specialized literature regarding the requirements for audit entities in combating money laundering.

Suggested Citation

  • Sergiu Soimu & Galina Badicu & Diana Rencheci, 2023. "Requirements for Audit Firms Regarding the Prevention and Combating of Money Laundering," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1094-1102, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:1094-1102
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    References listed on IDEAS

    as
    1. Howard Chitimira & Sharon Munedzi, 2023. "An evaluation of customer due diligence and related anti-money laundering measures in the United Kingdom," Journal of Money Laundering Control, Emerald Group Publishing Limited, vol. 26(7), pages 127-137, March.
    2. Husameddin Alshaer & Muhamad Helmi Md. Said & Ramalinggam Rajamanickam, 2021. "The role of the Palestine monetary authority in combating money laundering," Journal of Money Laundering Control, Emerald Group Publishing Limited, vol. 24(4), pages 762-774, June.
    3. Howard Chitimira & Sharon Munedzi, 2023. "Historical aspects of customer due diligence and related anti-money laundering measures in South Africa," Journal of Money Laundering Control, Emerald Group Publishing Limited, vol. 26(7), pages 138-154, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    audit firms; preventing money laundering; combating of money laundering; Republic of Moldova;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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