Research ArticleOpen AccessGoogle Scholar indexed
Money Laundering Risk Evaluation of Financial Institution with AHP Model
National Bank of Pakistan, Lahore, Pakistan
National Bank of Pakistan, Lahore, Pakistan
National Bank of Pakistan, Lahore, Pakistan
National Bank of Pakistan, Lahore, Pakistan
- 1 National Bank of Pakistan, Lahore, Pakistan
- 2 National Bank of Pakistan, Lahore, Pakistan
- 3 National Bank of Pakistan, Lahore, Pakistan
- 4 National Bank of Pakistan, Lahore, Pakistan
Journal of Financial Risk Management·Volume 06 (2017)·Pages 119–125·Published 11 May 2017·DOI10.4236/jfrm.2017.62010
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Abstract
Money laundering risk assessment is a primary tool to combat the perils of money laundering. This study is based on a model of risk assessment, which assists the management of financial institution to evaluate the range and level of money laundering risk (MLR). In this model, MLR is primarily divided into two risk levels, i.e. Inherent Risk & Control Risk with their auxiliary subdivisions. Analytic Hierarchy Process (AHP) software assists in its computations and provides for pairwise weights and comparisons. By using this model, money laundering risk of a financial institution could be assessed.
KeywordsEvaluationMoney Laundering RisksAnalytic Hierarchy Process
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