The Positive and Negative Role for Banks in Money Laundering Operations

Naim Salameh Al-Qadi, Aiman Abu Al Haj, M. Mousa Matar, Mashhour Hathloul


Talking about Money laundering operations increased worldwide due to the increase of organized criminal group’s activities in various fields. Therefore, such phenomenon has occupied a significant position in the global policy agenda, in addition to other issues such as international terrorism. It is worthwhile to be mentioned that money laundering operations form a heavy burden on different countries in the world, which in their turn are looking for the best means to fight and limit them. It is well known that banks are one of the most important pillars of money laundering and its fighting at the same time, since most of money laundering is made through banks, which makes them perfectly suitable means to do such operations. Therefore, Central Banks in most world countries set several control procedures to increase control on commercial banks in order to reduce the spread of such phenomena.

Key words: Banks; Money laundering


Banks, Money laundering


Abdel-Aal, M. A. (1994). The Crime of Assassinating Money and Means to Combat in the Egyptian Law. In Dar Al-Nahda Al Arabyah (Ed.) (2nd ed.). Al Resalah Foundation, Beirut.

ACAMS Money Laundering. Retrieved on 1/6/2012 from

Agarwal J. D. (2005). International Money Laundering in the Banking Sector, Finance India, 18(2), 767-779.

Agarwal, J.D. & Agrawal A. (2004). International Money Laundering in the Banking Sector, Finance India, 18, 767-779.

Ajeel, T. K. (n.d.) The Crime of Money Laundering: A Study in Nature and Its Penalties, Journal of Nazahah and Shafafyah.

Al Tabtabana, A. (1998). The Phenomenon of Money Laundering and Its Impact on the National Economy, Journal of Law, (3).

Al Eid, H. (2001). Banks Guide to Face Money Laundering, Journal of Banks in Jordan, January.

Al Eid, H. (2002). Money Laundering in Private Banking Services, Journal of Banks in Jordan, August.

Al Faouri, A. F., & Qteishat, E. M. (2002). The Crime of Public Money Laundering and Leal Nature (1st ed.). Dar Wael for Publication.

Al Hamdani, I. R. (2005). The Effect of Using of Banking Technology in the Phenomenon of Money Laundering and International Efforts to Combat It, A Work Sheet Submitted to the Fourth Scientific Conference, Leadership, Creativity, Business Strategies in the Face of the Challenges of Globalization, Philadelphia University (15-16-2005), Amman, Jordan.

Al Khatib, S. (2005). Anti-Money Laundering Operations, Mansha’at Al Maarif, Alexandria.

AL Kusoos, R.N. (2002). Money Laundering Crime of the Century (Comparative Study) (1st ed.), Dar Wael for Publishing and Distribution, Amman.

Al Mubarak, M. I. (2003). Money Laundering: Criminalization and Combat, Dar Ikremah Press House, Damascus.

Alzlami, B. A. (2001). The Role of Electronic Money in the Money Laundering Operations, Journal of Damascus University of Economic Sciences, Legal, 26 (1), 543-562.

Arab, Y. (2002). The Reality of the Risks of Money Laundering Crimes and International Trends to Combat It with the Statement of Plans for Banks to Address These Crimes. Journal of Banks in Jordan.

Al Rimawi, L. M. (2003). Money Laundering Regulation in Jordan: A Positive Example of a Middle Eastern Country Earnest, Journal of Money Laundering Control, 17(1), 15-18.

Barakat, I. M. (2007). The Importance of Disclosure of the Risks of Financial Transactions Relating to Money Laundering in Commercial Banks: An Analytical Study in the Light of the Theory of Social Responsibility. Research presented to the Scientific Conference of the Seventh Annual Risk Management and the Knowledge Economy Axis VII: Risk Management and Accounting, University of Zaytuna Jordan, Amman - Jordan April 16 to 18.

Bseiso, F. (2003). The Palestinian Financial Bottom-Pattern Development and Creative Development, Work Sheet Submitted to the Conference of the Development of Sector Ghazzaah After the Israeli Withdrawal, Held at the Islamic University, Trade College from February 14 to 13.

Bosworth-D. R. & Saltmarsh G. (1994). Money Laundries: A Practical Guide to the Legislation, Chapman & Hall, London.

Directive 2001/97/EC of the European Parliament and of the Council of 4th December, 2001, Amending Council Directive 91/308/EEC On Prevention of the Use of the Financial System for the Purpose of Money Laundering, Article 2, (A) (3)7.

El-Arian, M. A. (2005). Money Laundering and Mechanisms of Control, Alexandria, Dar Al Jami’a Al Jadeeda for Publication.Financial Action Task Force (FATF) on Money Laundering (2003, 20th June). The Forty Recommendations, Recommendation 12.

Gafia R. & Mary D. (1997). Money Laundering, Express Journal, 5.

International Harmonization of Economic Regulation. Retrieved on 15/5/2012 from

Johnson, J. & Desmond L. Y. C. (2002). Money Laundering: Has the Financial Action Task Force Made a Difference? Journal of Financial Crime, 10, 1.

Kamil, S. S. (2002). Anti-Money Laundering Legislation in Egypt, Cairo, Dar Al Nahda AL Arabyah.

Khudairi, M. A. (2003). Money Laundering, Cairo, Arab Group of the Nile.

Magnusson D. (2009). Costs of Implementing the Anti-Money Laundering Regulations in Sweden, Journal of Money Laundering Control, 12 (2), 101-112.

Masciandaro, A. (1999). Money Laundry: The Economic of Regulation, European Journal of Law & Economic, 7, 225-40.

Mitch V. Z., Mikhail I., Makarenko, G. T., Alexander N. K., Dulacha B., Yulia C., Alistair M. B. & Helen K. (2007). The Anti-Money Laundering Activities of the Central Banks of Australia and Ukraine, Journal of Money Laundering Control, 10 (1), 116-133.

Qushoush, H. H. (2003). The Crime of Money Laundering in the Scope of International Cooperation, Cairo, Dar Al Nahda Al Arabyah.

Rubaie, Z. S. (2005). Money Laundering: Disaster of the Time and Mother of All Crimes (1st ed.). Kuwait, Al Falah Press.

Sarayreh, M. (2005). The Problem of Money Laundering and the Role of Banks to Combat It, Mutah University, Jordan.

Sanusi M., (2008). Money Laundering with Particular Reference to the Banking Deposit Transactions an Islamic Perspective, Journal of Money Laundering Control, 11(3), 251-260.

Shafi, N. A. (2001). Money Laundering, Publications of the Human Rights of Galilee, Beirut.

Sheikh, F. A. (1422). International Efforts to Combat Money Laundering, Journal of Security and Life, 228, Twenty-Year, Jumada the First.

United Nations Convention Against Transactional Organized Crime and the Protocols Thereto (2004). Article 7: Measures to Combat Money-Laundering, (1) (A).

Vaithilingam, S. & Nair, M. (2007). Factors Affecting Money Laundering Control. 40 (3), 352-366.



  • There are currently no refbacks.

Copyright (c)


  • How to do online submission to another Journal?
  • If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:

1. Register yourself in Journal B as an Author

  • Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.

2. Submission

Online Submission

  • Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.
  • We only use four mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases:;;;

 Articles published in Canadian Social Science are licensed under Creative Commons Attribution 4.0 (CC-BY).


Canadian Social Science Editorial Office

Address: 1020 Bouvier Street, Suite 400, Quebec City, Quebec, G2K 0K9, Canada.
Telephone: 1-514-558 6138 
Website: Http://; Http://;

Copyright © Canadian Academy of Oriental and Occidental Culture