Evaluating and Prioritizing of the Risk of Money Laundering Criteria (Case Study: Refah Bank)

Subject Areas : Journal of Investment Knowledge

Soodabeh Jafarzadeh ¹ , Ahmadreza Ghasemi ²

1 - MA In Industrial Management Financial Trend, university of Ershad Damavand, Tehran, Iran
2 - Assistant Professor, Industrial and Technology Management Department, Faculty of Management and Accounting, University of Tehran college of Farabi, Qom, Iran

Received: 2017-10-27 Accepted : 2018-02-04 Published : 2019-09-23

Keywords: money loundering, Refah Bank, money laundering risk criteria, BWM,

Abstract :

Money laundering is any action for hiding or changing the form of incomes with criminal identity in a way that they are pretended to be legal. Financial, accounting and legal tools were used. In this process as means of changing nature, identity, form and illegal assessing. The main objective of this study is evaluating and prioritizing risk indicators of money laundering of customers of Refah Bank. Data were collected from managers and experts who were familiar with money laundering issue and its criteria. In order to data analysis BWM technique was used. The results of prioritizing of 12 research's criteria indicated that "The amount of the first deposit at the opening of an account" and "The use of non-public services" from "Bank account" cluster was located in first and second priority. According to these results and given the economic and social disadvantages of money laundering, the sensitivity to the matching and proportionality of the first amount of deposit at the opening of the account with the type of the customer business and his/her economic activity, as well as the willingness of the customer to use non-public services such as Telephone, swift and the Internet can be considered as a warning to the phenomenon of money laundering. At the end, some practical suggestions and strategies for managers and some suggestions for future research have been developed.    

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