Purpose

The purpose of this paper is to measure anti-money laundering (AML) and counter-terrorism financing (CTF) disclosures by money exchanger providers in the Gulf Cooperation Council (GCC) countries.

Design/methodology/approach

The authors conduct a content analysis on firms’ websites to compare their AML/CTF disclosure against the recommendations of the Financial Action Task Force (FATF). The authors use a one-sample t-test to examine the degree of these disclosures.

Findings

Overall, money exchange providers in GCC countries do not demonstrate a high degree of AML/CTF disclosure (20.27%). Country-wise disclosure levels are: Qatar 31%, UAE 19%, Kuwait 17.1%, Oman 26.27%, Bahrain 23.27% and KSA 6.1%.

Research limitations/implications

The study contributes immensely to understanding the disclosure behavior of this sector. It also helps in assessing their compliance with FATF recommendations.

Practical implications

The results show poor AML/CTF disclosure and compliance by money exchange providers, which should lead to increased regulations by policymakers and more disclosure by practitioners.

Social implications

Money laundering (ML) and terrorism financing (TF) can adversely affect societies. This study should help regulators to identify vulnerable areas in ML and TF activities, compare disclosures by companies in their countries with those of other countries and identify areas for improvement.

Originality/value

The study is a novel attempt. No study has been undertaken before to investigate AML and CTF disclosure by money exchange providers either globally, regionally or in any country.

中文翻译：

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海湾合作委员会国家货币兑换提供商的反洗钱和反恐融资披露

目的

本文的目的是衡量海湾合作委员会 (GCC) 国家货币兑换商提供的反洗钱 (AML) 和反恐融资 (CTF) 披露。

设计/方法/方法

作者对公司网站进行了内容分析，以将其 AML/CTF 披露与金融行动特别工作组 (FATF) 的建议进行比较。作者使用单样本t检验来检查这些披露的程度。

发现

总体而言，海湾合作委员会国家的货币兑换提供商没有表现出高度的 AML/CTF 披露 (20.27%)。国家层面的披露水平为：卡塔尔 31%、阿联酋 19%、科威特 17.1%、阿曼 26.27%、巴林 23.27% 和沙特阿拉伯 6.1%。

研究限制/影响

该研究极大地有助于了解该部门的披露行为。它还有助于评估他们对 FATF 建议的遵守情况。

实际影响

结果显示，货币兑换提供商的 AML/CTF 披露和合规性较差，这将导致政策制定者增加监管，从业者披露更多信息。

社会影响

洗钱 (ML) 和恐怖主义融资 (TF) 会对社会产生不利影响。这项研究应有助于监管机构识别 ML 和 TF 活动中的脆弱领域，将本国公司的披露与其他国家的公司进行比较，并确定需要改进的领域。

原创性/价值

该研究是一种新颖的尝试。之前没有进行任何研究来调查全球、区域或任何国家的货币兑换提供商披露的 AML 和 CTF。