Turki Meaad, Hamdan Allam, Cummings Richard Thomas, Sarea Adel, Karolak Magdalena, Anasweh Mohammad
Department of Accounting, Finance and Banking, College of Business and Finance, Ahlia University, Manama, Bahrain.
Dean of College of Business and Finance, Ahlia University, Manama, Bahrain.
Heliyon. 2020 Oct 8;6(10):e04949. doi: 10.1016/j.heliyon.2020.e04949. eCollection 2020 Oct.
This study aims to illustrate the impact of adopting Regulatory technology (RegTech) innovations in banks on money laundering prevention effectiveness using Bahrain as a case study. Bahrain has strived to position itself as the banking center of the Arabian Gulf, hence the results of this novel research are informative of the practices in the region. The primary data for this study was collected through a survey instrument distributed to 100 bankers working in Bahrain with expertise in compliance. The results of multivariate analysis indicate that transactions monitoring through RegTech and cost- and time-saving aspects of RegTech, drive money laundering prevention effectiveness to a highly statistically significant extent. However, electronic know your customer (KYC) technologies are insignificant as drivers. This research not only sheds light on the efficacy of RegTech but also raises general awareness concerning the adoption and integration of RegTech platforms for fighting money laundering. In particular, the findings provide specific insights about the deployment of RegTech capabilities in banks in regional banking centers of modest scale.
本研究旨在以巴林为案例，说明银行采用监管科技（RegTech）创新对预防洗钱有效性的影响。巴林一直努力将自己定位为阿拉伯湾的银行中心，因此这项新颖研究的结果有助于了解该地区的做法。本研究的主要数据是通过向100名在巴林工作且具有合规专业知识的银行家发放调查问卷收集的。多变量分析结果表明，通过监管科技进行的交易监测以及监管科技在成本和时间节约方面的作用，在很大程度上推动了预防洗钱的有效性，且具有高度统计学意义。然而，电子了解你的客户（KYC）技术作为驱动因素并不显著。这项研究不仅揭示了监管科技的功效，还提高了人们对采用和整合监管科技平台打击洗钱的普遍认识。特别是，研究结果为在规模适中的地区银行中心的银行中部署监管科技能力提供了具体见解。
