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Implementing Anti-money-laundering Goals: New Technologies or Coordination between Related Agencies? 实现反洗钱目标: 新技术还是相关机构之间的协调?
Liu, Ming1; Kit Sam, Fong2; Guan, Jieqi3; Lau, Yui yip4
2022-02
Source PublicationJournal of China Tourism Research
ABS Journal Level1
ISSN1938-8160
Volume18Issue:6Pages:1284 - 1304
Abstract

This paper is to investigate whether anti-money-laundering (AML) improvement in a gaming tourism destination is driven by the integration of new technologies, or by other factors such as financial inclusion and close coordination between companies and related government bodies. The quantitative method of ordinary least squares (OLS) multivariate regression is applied to determine the degree to which money-laundering activities in Macau reduced between 2007 and 2017. This study reveals a strong positive relationship between the number of suspicious transaction reports (STRs) and the amount of private-sector domestic credit as a percentage of GDP. The relationship between investment in IT as a percentage of GDP and the number of STRs is statistically insignificant, but there is a positive association with the number of STRs in the gaming tourism industry. Close coordination between industry players and various AML agencies has also had a positive impact on STR detection. Besides, this study will be of benefit to the gaming tourism destination, showing that casinos can cooperate openly with financial institutions and government bodies to fight money laundering, which will help to ensure that gaming tourism destination maintains a positive image sustainably.

KeywordAnti-money-laundering Close Coordination Financial Inclusion Gaming Tourism New Technologies Suspicious Transaction Reports
DOI10.1080/19388160.2022.2042449
URLView the original
Indexed ByESCI
Language中文Chinese
WOS Research AreaSocial Sciences - Other Topics
WOS SubjectHospitality, Leisure, Sport & Tourism
WOS IDWOS:000757169600001
PublisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, 2-4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXON, ENGLAND
Scopus ID2-s2.0-85125344234
Fulltext Access
Citation statistics
Document TypeJournal article
CollectionDEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT
Corresponding AuthorLau, Yui yip
Affiliation1.Faculty of Business Administration, University of Macau, Macao
2.School of Tourism Management, Macao Institute for Tourism Studies, Macao
3.School of Hospitality Management, Macao Institute for Tourism Studies, Macao
4.Division of Business and Hospitality Management, College of Professional and Continuing Education, The Hong Kong Polytechnic University, Hong Kong
First Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Liu, Ming,Kit Sam, Fong,Guan, Jieqi,等. Implementing Anti-money-laundering Goals: New Technologies or Coordination between Related Agencies? 实现反洗钱目标: 新技术还是相关机构之间的协调?[J]. Journal of China Tourism Research, 2022, 18(6), 1284 - 1304.
APA Liu, Ming., Kit Sam, Fong., Guan, Jieqi., & Lau, Yui yip (2022). Implementing Anti-money-laundering Goals: New Technologies or Coordination between Related Agencies? 实现反洗钱目标: 新技术还是相关机构之间的协调?. Journal of China Tourism Research, 18(6), 1284 - 1304.
MLA Liu, Ming,et al."Implementing Anti-money-laundering Goals: New Technologies or Coordination between Related Agencies? 实现反洗钱目标: 新技术还是相关机构之间的协调?".Journal of China Tourism Research 18.6(2022):1284 - 1304.
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