عنوان انگلیسی مقاله:
The regulatory technology “RegTech” and money laundering prevention in Islamic and conventional banking industry
ترجمه فارسی عنوان مقاله:
فناوری نظارتی "RegTech" و جلوگیری از پولشویی در صنعت بانکداری اسلامی و مرسوم
Sciencedirect - Elsevier - Heliyon, 6 (2017) e04949: doi:10:1016/j:heliyon:2020:e04949
This study aims to illustrate the impact of adopting Regulatory technology (RegTech) innovations in banks on money laundering prevention effectiveness using Bahrain as a case study. Bahrain has strived to position itself as the banking center of the Arabian Gulf, hence the results of this novel research are informative of the practices in the region. The primary data for this study was collected through a survey instrument distributed to 100 bankers working in Bahrain with expertise in compliance. The results of multivariate analysis indicate that transactions monitoring through RegTech and cost- and time-saving aspects of RegTech, drive money laundering prevention effectiveness to a highly statistically signiﬁcant extent. However, electronic know your customer (KYC) tech- nologies are insigniﬁcant as drivers. This research not only sheds light on the efﬁcacy of RegTech but also raises general awareness concerning the adoption and integration of RegTech platforms for ﬁghting money laundering. In particular, the ﬁndings provide speciﬁc insights about the deployment of RegTech capabilities in banks in regional banking centers of modest scale.
Keywords: Regulatory technology (RegTech) | Anti money laundering (AML) | Know your customer (KYC) compliance | Business management | Business policy | Corporate finance | International finance | Sustainable business