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Improving Anti-Money Laundering ComplianceCompliance and Regulatory Dilemma

Improving Anti-Money Laundering Compliance: Compliance and Regulatory Dilemma [The self-protecting theory is more of a sociological theory because the main concern that was identified, unfair pressure, is found more in social theory literature, and the classical grounded theory methodology adopted for the research underpinning this book has its root in sociology (Glaser & Strauss 1965). Interestingly, however, the outcome is similar in some respect to economic theory of regulation. In this regard, the work of Becker (1974) and Scholz (1984) will be reviewed to show the link between the self-protecting theory and the economic theory of regulation. Most importantly, however, the theory also explains compliance from the perspective of social theory. The social theory of Tyler (2006) on legitimacy will also be reviewed to show the linkage. The chapter will also look at the combination of social and economic theories in resolving the dichotomy between the two schools of thought.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Improving Anti-Money Laundering ComplianceCompliance and Regulatory Dilemma

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References (23)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-3-319-43263-2
Pages
93 –105
DOI
10.1007/978-3-319-43264-9_4
Publisher site
See Chapter on Publisher Site

Abstract

[The self-protecting theory is more of a sociological theory because the main concern that was identified, unfair pressure, is found more in social theory literature, and the classical grounded theory methodology adopted for the research underpinning this book has its root in sociology (Glaser & Strauss 1965). Interestingly, however, the outcome is similar in some respect to economic theory of regulation. In this regard, the work of Becker (1974) and Scholz (1984) will be reviewed to show the link between the self-protecting theory and the economic theory of regulation. Most importantly, however, the theory also explains compliance from the perspective of social theory. The social theory of Tyler (2006) on legitimacy will also be reviewed to show the linkage. The chapter will also look at the combination of social and economic theories in resolving the dichotomy between the two schools of thought.]

Published: Oct 3, 2016

Keywords: Organize Crime; Social Theory; Money Laundering; Compliance Behaviour; Critical Criminology

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