Ethical behaviour towards sustainable corporate governance in anti-money laundering and counter financing: Awareness, knowledge, and intentions among DNFBPs in Malaysia

Jong, Pei Yii (2023) Ethical behaviour towards sustainable corporate governance in anti-money laundering and counter financing: Awareness, knowledge, and intentions among DNFBPs in Malaysia. Master dissertation/thesis, UTAR.

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Abstract

This research study examines the awareness, knowledge, and intentions of Designated Non-Financial Businesses and Professions (DNFBPs) in Malaysia towards ethical behavior in the context of anti-money laundering (AML) and counter-financing terrorism (CFT) regulations. The study employs a quantitative and descriptive research method to collect and synthesize data related to the attitudes of DNFBPs towards ethical behavior in the context of AML/CFT regulations. The findings of this study indicate that the majority of DNFBPs in Malaysia are aware of AML/CFT regulations and the importance of ethical behavior in promoting sustainable corporate governance. However, there is a significant gap between awareness and knowledge of AML/CFT regulations and the actual implementation of ethical behavior by DNFBPs. The study highlights the need for effective policies and strategies to promote sustainable corporate governance in Malaysia, which can only be achieved through increased awareness, knowledge, and adherence to ethical behavior by DNFBPs. The research study has significant implications for academics, policymakers, and industry practitioners interested in the area of sustainable corporate governance, AML/CFT regulations, and ethical behavior. The study provides valuable insights into the role of ethical behavior in promoting sustainable corporate governance, particularly in the context of AML/CFT regulations, and its implications for businesses and society. Overall, the findings of this study can potentially contribute to the development of effective policies and strategies to promote sustainable corporate governance in Malaysia and beyond, which is crucial in the fight against money laundering and financing of terrorism, and for the economic and social stability of countries worldwide.

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