Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)

Abstract

The Effect of Anti-Money Laundering Regulations on Making Financial Decisions at Jordanian Commercial Banks

Author(s): Ahmad Mohammad Ahmad Al-Tarawneh

This study aimed to measure the effect of Anti-money laundering on making financial decisions at Jordanian commercial banks. The study adopted the descriptive analytical method as the population of the study comprised all the 13 Jordanian commercial banks. The Statistical Package for Social Sciences was used to perform the required statistical tests such as descriptive statistics multiple linear regression to test the validity of the study model and the significance of the of independent variables on the dependent variable. The sampling unit included branch managers, their deputies and heads of departments in Jordanian commercial banks, at all administrative level summed to 198 individuals. The questionnaire that the study instrument was distributed to all of them. The study concluded many important results such as there is a statistically significant effect of Anti-Money Laundering Regulations on making financial decisions at Jordanian commercial banks. As well as, the study demonstrated that there is a statistically significant effect of the dimensions of money transfers risks and transaction risks on making financial decisions. In addition, there a virtual and insignificant effect of Bulk cash smuggling on making financial decisions. The study recommended that it is necessary to develop methods of limiting the risks of Money Laundering done by adding legal and Sharia character to illegal-obtained money so as to cover the original of this money or its real source.

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