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DC Field | Value | Language |
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dc.date.accessioned | 2019-01-17T11:47:16Z | - |
dc.date.available | 2019-01-17T11:47:16Z | - |
dc.date.issued | 2018 | - |
dc.identifier.citation | Muscat, D. (2018). A comparative analysis of KYC processes in the local banking and financial sector (Bachelor's dissertation). | en_GB |
dc.identifier.uri | https://www.um.edu.mt/library/oar//handle/123456789/38597 | - |
dc.description | B.COM.(HONS)BANK.&FIN. | en_GB |
dc.description.abstract | The purpose of this dissertation is to analyse and compare the 'Know Your Customer' (KYC) procedure in the Maltese banking and financial sector. In recent years, this process has been devoted importance, and much more scrutiny is being placed on the entities to see that they implement it in the appropriate manner. The research mainly focuses on how KYC processes are being carried out to ensure minimising financial risk to the entities whilst protecting the financial system’s reputation. It will be based on the KYC changes brought by the AMLD4, AMLD5 (still in the works) and MiFID II (recently implemented in January 2018). The research objectives of the study are the following: i. To assess the impact of such legislation on the current KYC process ii. To assess whether better reputation is being achieved through these changes iii. To assess the effectiveness of such re-regulation and whether it could hinder business through increased compliance costs iv. To assess how entities are preparing their employees for these changes v. To assess to what level the MFSA and FIAU can serve as guides to financial institutions in this respect Interviews with a number of financial institutions were conducted, along with the MFSA, which is the single regulator of financial institutions in Malta. | en_GB |
dc.language.iso | en | en_GB |
dc.rights | info:eu-repo/semantics/restrictedAccess | en_GB |
dc.subject | Money laundering -- Malta -- Prevention | en_GB |
dc.subject | Financial Intelligence Analysis Unit (Malta) | en_GB |
dc.subject | Financial institutions -- Law and legislation -- European Union countries | en_GB |
dc.title | A comparative analysis of KYC processes in the local banking and financial sector | en_GB |
dc.type | bachelorThesis | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. | en_GB |
dc.publisher.institution | University of Malta | en_GB |
dc.publisher.department | Faculty of Economics, Management and Accountancy. Department of Banking and Finance | en_GB |
dc.description.reviewed | N/A | en_GB |
dc.contributor.creator | Muscat, Dephne | - |
Appears in Collections: | Dissertations - FacEma - 2018 Dissertations - FacEMABF - 2018 |
Files in This Item:
File | Description | Size | Format | |
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18BBNK042.pdf Restricted Access | 1.01 MB | Adobe PDF | View/Open Request a copy |
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