Top

Published in:

2023 | OriginalPaper | Chapter

6. Technology Applications in Private Equity Anti-Money Laundering

Authors : Ruihui Xu, Dawei Zhao

Published in: Digital Transformation of Private Equity in China

Publisher: Springer Nature Singapore

Activate our intelligent search to find suitable subject content or patents.

search-config

AI-assisted search

Off

Abstract

The securities industry plays a vital role in the global economy, with participants ranging from professional transnational financial conglomerates to small companies that provide stockbroking or financial advisory services.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

previous chapter Technology Applications in Private Equity Compliance Management

next chapter Status and Development Trend of Big Data Technology Application in the Private Equity Industry

https://wenshu.court.gov.cn/.

Association of Certified Anti-Money Laundering Specialist. ACAMS study guide, 6th Edition; 2017.

Barone R, Schneider FG. Shedding light on money laundering. Is it a damping wave?. Working paper; 2018.

Coelho R, Simoni MD, Prenio J. Suptech applications for anti-money laundering; 2019. https://www.bis.org/fsi/publ/insights18.htm.

Duan HX. Research on risk management methods of private equity fund investment. China Business. 2019;24:50–1. https://doi.org/10.19699/j.cnki.issn2096-0298.2019.24.050. (in Chinese).CrossRef

Dupuis D, Gleason K. Money laundering with cryptocurrency: open doors and the regulatory dialectic. J Financ Crime. 2020;28(1):60–74.CrossRef

Esoimeme EE. Identifying and reducing the money laundering risks posed by individuals who have been unknowingly recruited as money mules. J Money Laundering Control. 2021;24(1):201–12.CrossRef

FATF. Misuse of corporate vehicles including trusts and company services providers; 2006. https://www.fatf-gafi.org/en/publications/Methodsandtrends/Themisuseofcorporatevehiclesincludingtrustandcompanyserviceproviders.html.

FATF. Money laundering and terrorist financing in the securities sector; 2009. https://www.fatf-gafi.org/en/publications/Methodsandtrends/Moneylaunderingandterroristfinancinginthesecuritiessector.html.

FATF. Guidance on transparency and beneficial ownership; 2014. https://www.fatf-gafi.org/media/fatf/styleassets/images/Guidance-beneficial-ownership-transparencyl.pdf.

FATF. Priorities for the financial action task force under the German presidency; 2020a. http://www.fatf-gafi.org/media/fatf/documents/German-Presidency-Priorities.pdf.

FATF. Stocktake on data pooling, collaborative analytics and data protection; 2020b. https://www.fatf-gafi.org/media/fatf/documents/Stocktake-Datapooling-Collaborative-Analytics.pdf.

FATF. Opportunities and challenges of new technologies for AML/CFT; 2021. https://www.fatf-gafi.org/publications/fatfrecommendations/documents/opportunities-challenges-new-technologies-aml-cft.htm.

Financial Conduct Authority. New technologies and anti-money laundering compliance; 2017. https://www.fca.org.uk/publication/research/new-technologies-in-aml-final-report.pdf.

Guo ZH. Application and development of compliance technology in the field of anti-money laundering-practice from Hong Kong. Tsinghua Financ Rev. 2021; 12: 96–8. https://doi.org/10.19409/j.cnki.thf-review.2021.12.027. (in Chinese).

Han J, Huang Y, Liu S, Towey K. Artificial intelligence for anti-money laundering: a review and extension. Digital Finance. 2020;2(3–4):211–39 (in Chinese).CrossRef

Huang LJ. Research on anti-money laundering related issues of fund companies. Account Learn. 2020;15:177–8 (in Chinese).

Jullum M, Løland A, Huseby RB, Ånonsen G, Lorentzen J. Detecting money laundering transactions with machine learning. J Money Laundering Control. 2020;23(1):173–86.CrossRef

Kute DV, Pradhan B, Shukla N, Alamri A. Deep learning and explainable artificial intelligence techniques applied for detecting money laundering–a critical review. IEEE Access. 2021;9:82300–17.CrossRef

LexisNexis Risk Solutions. True cost of compliance infographic—2021 overview; 2021. https://risk.lexisnexis.com/insights-resources/research/true-cost-of-financial-crime-compliance-study-for-the-united-states-and-canada.

LexisNexis Risk Solutions. 2022 true cost of financial crime compliance study—global summary; 2022. https://risk.lexisnexis.com/global/en/insights-resources/research/true-cost-of-financial-crime-compliance-study-global-report.

Liu YH. Research on risks and regulatory countermeasures of private equity funds in China—a comparative analysis based on the United States. Res Financ Supervision. 2018; 8, 42–60. https://doi.org/10.13490/j.cnki.frr.2018.08.003. (in Chinese).

Pang ZY, Jin K. Research on anti-money laundering in the field of private equity funds. Financ Theory Pract. 2012;1:63–7 (in Chinese).

Qin YY, Yuan QY, Wei SC, Deng JF, He H. Regulatory technology empowerment research and path exploration for anti-money laundering. Financ Technol Era. 2023;7:85–90 (in Chinese).

Saaradeey S, Ghosh D, Ray R, Ganesan S, Rajagopalan R. Disrupting status quo in AML compliance. ORACLE White Paper; 2019.

Tiwari M, Gepp A, Kumar K. A review of money laundering literature: the state of research in key areas. Pac Account Rev. 2020;32(2):271–303.CrossRef

Xue HJ, Li TT. The application of science and technology in anti-money laundering in the field of private equity funds. Financ Account. 2022;5:61–72 (in Chinese).

Yuan X. Application of big data in monitoring suspicious funds against money laundering. Financ Technol Era. 2021;12:62–6 (in Chinese).

Zhang ZY, Hu Y, Wang LY, Fang JB. Regulatory technology empowers anti-money laundering supervision. Northern Finance. 2021; 12: 35–9. https://doi.org/10.16459/j.cnki.15-1370/f.2021.12.006. (in Chinese).

Title: Technology Applications in Private Equity Anti-Money Laundering
Authors: Ruihui Xu
Dawei Zhao
Publisher: Springer Nature Singapore
Book: Digital Transformation of Private Equity in China
Print ISBN: 978-981-9984-81-7

Electronic ISBN: 978-981-9984-82-4

Copyright Year: 2023
DOI: https://doi.org/10.1007/978-981-99-8482-4_6