Money Laundering and Financial Stability: Does Adverse Publicity Matter?
Journal of Financial Regulation and Compliance , cilt.2021, sa.29, ss.1-22, 2021 (ESCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 2021 Sayı: 29
- Basım Tarihi: 2021
- Doi Numarası: 10.1108/jfrc-09-2021-0075
- Dergi Adı: Journal of Financial Regulation and Compliance
- Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), Scopus, ABI/INFORM, Business Source Elite, Business Source Premier, vLex
- Sayfa Sayıları: ss.1-22
- Ankara Yıldırım Beyazıt Üniversitesi Adresli: Evet
Özet
Already suffering reputational damage from the global financial crisis, banks face a further loss of trust due to their poor money laundering compliance practices. As confidence-driven institutions, the loss of reputation stemming from inadequate compliance with regulations and policies labels banks as facilitators of crime and destroys public trust both in the bank itself, peer banks and the wider banking system. Considering the links between financial stability and adverse publicity about banks, this article aims to critically examine the implications of money laundering-specific bank information on financial stability.