Globalization and Its Impact On Financial Crimes; A Case of Developing Countries
| dc.contributor.author | Rabia Muhammad Amjad | |
| dc.date.accessioned | 2025-09-27T10:40:09Z | |
| dc.date.available | 2025-09-27T10:40:09Z | |
| dc.date.issued | 2020 | |
| dc.description.abstract | Financial crime such as money laundering is defined by FATF as “processing of these criminal proceeds to disguise their illegal origin”. Over the years, globalization has become one of the reason for the pervasiveness of crimes such as money laundering. This has led to disturbance of the global financial system. The main purpose of this research was to see whether globalization has any impact on money laundering. Data set of one-hundred and nineteen developing countries were used from the time period of 1985 till 2015. The model of Panel Quantile Regression was used to estimate results. It was found that globalization has a significant positive impact on crimes such as money laundering. Furthermore, problems such as corruption was also found to have a positive significant effect on money laundering. In order to curb the pervasions of financial crimes such as money laundering, it’s essential for the government to adhere to the rules of FATF and introduce the anti-money laundering policy especially in its financial system. | |
| dc.identifier.uri | https://escholar.umt.edu.pk/handle/123456789/7218 | |
| dc.language.iso | en | |
| dc.publisher | UMT, Lahore | |
| dc.title | Globalization and Its Impact On Financial Crimes; A Case of Developing Countries | |
| dc.type | Thesis |