Journal of the International Academy for Case Studies (Print ISSN: 1078-4950; Online ISSN: 1532-5822)

Short communication: 2022 Vol: 28 Issue: 3

The Governance of the Financial Intelligence Units on Money Laundering Prevention In Islamic

Donato Marc, Bocconi University

Citation Information: Marc, D. (2022). The governance of the financial intelligence units on money laundering prevention in islamic. Journal of the International Academy for Case Studies, 26(S3), 1-2


This consider points to demonstrate the effect of embracing Administrative innovation advancements in banks on cash washing avoidance adequacy utilizing Bahrain as a case consider. Bahrain has strived to position itself as the managing an account center of the Middle eastern Inlet, consequently the comes about of this novel inquire about are informative of the hones within the locale. At that point we experimentally investigate the possible structural drivers of this choice, building up the primary quantitative FIU Administration List and applying this measurement in a cross nation examination of 71 nations. FIUs' monetary powers tend to be weaker in bank-based economies and more grounded in nations with more affiliations with universal AML organizations. FIU's law authorization powers are more seriously in gracious law nations, and Islamic culture things as well on the choice of the FIU sort. FIU freedom and responsibility are more grounded in nations with higher-quality administration.


Business Management, Administrators.


The essential information for this consider was collected through a overview instrument dispersed to 100 financiers working in Bahrain with ability in compliance (Anagnostopoulos, 2018). The comes about of multivariate examination show that exchanges checking through and taken a toll- and time-saving viewpoints of drive cash washing anticipation viability to a profoundly measurably critical degree (Masciandaro, 2007; Masciandaro et al., 2011). Employing a special information set, this paper considers the administration of anti-money washing bosses known as Money related Insights Units. We begin from a hypothetical system that clarifies any FIU setting as the ultimate result of a political choice that combines four administration properties: budgetary and instructive powers, law authorization and investigative powers, autonomy and responsibility. Legitimate and administrative systems undergirding anti-money washing compliance have been reinforced over the long time by applying stricter rules and controls that comport with best hones and rules of the Money related Activity.

Assignment Drive, the worldwide cash washing and fear monger financing guard dog, in spite of the fact that viability in stifling cash washing by and large slacks behind specialized compliance and progressively (Masciandaro et al., 2008). In any case, costs of non-compliance within the shape of fines forced on budgetary teach are significant with controllers around the world having forced $26 billion in fines for non-compliance with anti-money washing, Know Your Client (KYC) and endorse controls within the final decade, The point of this paper is to examine the administration of anti-money washing administrators known as Budgetary Insights Units (FIUs).1 Within the past two decades, the battle against cash washing has tirelessly positioned tall on policymakers’ plans worldwide, becoming one of the foremost comprehensive and entering case of transnational legitimate orders, with its open speculations, counting the FIUs creation. In like manner, the plan of supervision in this field has been subject to an increasing amount of consideration (Shleifer& Wolfenzon, 2002). This consideration expanded as of late within the Joined together States, where in 2020 has been ordered the Anti-Money Washing. It is tall in Europe, as well, where an arrangement of keeping money embarrassments in a few nations Cyprus, Denmark, Estonia, Finland, Latvia, Malta, the Netherlands and the Joined together Kingdom has pushed the have to be fortify the AML organization system, Taking under consideration the necessities and the prerequisites as well as the conceivable negative results clarified over, this paper is committed to an in-depth think about of bankers perceptions on these issues. Particularly, the most reason of this think about is to decide the effect of regulatory technology on cash washing anticipation viability in banks within the Middle eastern Gulf region utilizing Bahrain as a case ponder of a territorial keeping money center. Within the period 2012–2017, Bahrain conducted 43 examinations of cash washing coming about in ten feelings with terms of detainment of up to seven a long time.


At last, this inquires about presents a few impediments. Online joins to the study were made accessible to human asset officers at banks which concurred to take an interest within the inquire about extend. Human asset officers were given enlightening on how to convey haphazardly the overviews to financiers. Be that as it may, the analysts cannot be certain that these points of dispersions taken after the right modalities. Nor was any information accessible on any conceivable non-response predisposition. The overview depends on master information. In any case, in Portion I of the overview it is uncovered that fair over half of respondents never listened of RegTech. It is not precisely clear how to decipher that. It may basically be that whereas they have data around RegTech, they are essentially new with the term. For self-evident reasons, the investigate had to continue on that last mentioned presumption.


Anagnostopoulos, I. (2018). Fintech and regtech: Impact on regulators and banks. Journal of Economics and Business, 100, 7-25.

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Masciandaro, D. (2007). Divide et impera: Financial supervision unification and central bank fragmentation effect. European Journal of Political Economy, 23(2), 285-315.

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Masciandaro, D., Nieto, M. J., & Quintyn, M. (2011).  Exploring governance of the new European Banking Authority-A case for harmonization?. Journal of Financial Stability, 7(4), 204-214.

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Masciandaro, D., Quintyn, M., & Taylor, M.W. (2008). Inside and outside the central bank: Independence and Accountability in Financial Supervision: Trends and Determinants. European Journal of Political Economy, 24(4), 833-848.

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Shleifer, A., & Wolfenzon, D. (2002). Investor protection and equity markets. Journal of Financial Economics, 66(1), 3-27.

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Received: 02-Jun-2022, Manuscript No. JIACS-22-12253; Editor assigned: 03-Jun-2022, PreQC No. JIACS-22-12253 (PQ); Reviewed: 17-Jun-2022, QC No. JIACS-22-12253; Revised: 21-Jun-2022, Manuscript No JIACS-22-12253(R); Published: 25-Jun-2022

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