Suspicious transactions: An analysis from the perspective of consumers in Malaysia

Rohaida Nordin, B. Rastegari, S. Mausavi

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

This study attempts to address issues related to suspicious transactions that are regulated by the Malaysian Anti-Money Laundering and Terrorism Financing in 2001 (AMLA) from the perspective of consumer/client. This study discusses: the historical background of the legislation that regulates suspicious transaction, i.e., AMLA; how suspicious transactions are determined and managed and the relevant procedures under the legislation that have compromised the rights of consumers/customers. All these issues are considered in light of the existing Malaysian legal framework and under international law. In terms of its methodology, this study considers the conflict between the duty of state to ensure peace and security via anti-terrorism legislation and its duty to protect human rights vis a vis consumers' rights.

Original languageEnglish
Pages (from-to)325-332
Number of pages8
JournalInternational Business Management
Volume6
Issue number3
DOIs
Publication statusPublished - 2012

Fingerprint

Legislation
Malaysia
Terrorism
Peace
Methodology
Consumer rights
International law
Legal framework
Financing
Human rights

Keywords

  • Amla
  • Anti-terrorism
  • Consumer protection
  • Malaysia
  • Money-laundering
  • Suspicious transaction

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management

Cite this

Suspicious transactions : An analysis from the perspective of consumers in Malaysia. / Nordin, Rohaida; Rastegari, B.; Mausavi, S.

In: International Business Management, Vol. 6, No. 3, 2012, p. 325-332.

Research output: Contribution to journalArticle

@article{23bcc713362542afa53d3f07311fe2ac,
title = "Suspicious transactions: An analysis from the perspective of consumers in Malaysia",
abstract = "This study attempts to address issues related to suspicious transactions that are regulated by the Malaysian Anti-Money Laundering and Terrorism Financing in 2001 (AMLA) from the perspective of consumer/client. This study discusses: the historical background of the legislation that regulates suspicious transaction, i.e., AMLA; how suspicious transactions are determined and managed and the relevant procedures under the legislation that have compromised the rights of consumers/customers. All these issues are considered in light of the existing Malaysian legal framework and under international law. In terms of its methodology, this study considers the conflict between the duty of state to ensure peace and security via anti-terrorism legislation and its duty to protect human rights vis a vis consumers' rights.",
keywords = "Amla, Anti-terrorism, Consumer protection, Malaysia, Money-laundering, Suspicious transaction",
author = "Rohaida Nordin and B. Rastegari and S. Mausavi",
year = "2012",
doi = "10.3923/ibm.2012.325.332",
language = "English",
volume = "6",
pages = "325--332",
journal = "International Business Management",
issn = "1993-5250",
publisher = "Medwell Publishing",
number = "3",

}

TY - JOUR

T1 - Suspicious transactions

T2 - An analysis from the perspective of consumers in Malaysia

AU - Nordin, Rohaida

AU - Rastegari, B.

AU - Mausavi, S.

PY - 2012

Y1 - 2012

N2 - This study attempts to address issues related to suspicious transactions that are regulated by the Malaysian Anti-Money Laundering and Terrorism Financing in 2001 (AMLA) from the perspective of consumer/client. This study discusses: the historical background of the legislation that regulates suspicious transaction, i.e., AMLA; how suspicious transactions are determined and managed and the relevant procedures under the legislation that have compromised the rights of consumers/customers. All these issues are considered in light of the existing Malaysian legal framework and under international law. In terms of its methodology, this study considers the conflict between the duty of state to ensure peace and security via anti-terrorism legislation and its duty to protect human rights vis a vis consumers' rights.

AB - This study attempts to address issues related to suspicious transactions that are regulated by the Malaysian Anti-Money Laundering and Terrorism Financing in 2001 (AMLA) from the perspective of consumer/client. This study discusses: the historical background of the legislation that regulates suspicious transaction, i.e., AMLA; how suspicious transactions are determined and managed and the relevant procedures under the legislation that have compromised the rights of consumers/customers. All these issues are considered in light of the existing Malaysian legal framework and under international law. In terms of its methodology, this study considers the conflict between the duty of state to ensure peace and security via anti-terrorism legislation and its duty to protect human rights vis a vis consumers' rights.

KW - Amla

KW - Anti-terrorism

KW - Consumer protection

KW - Malaysia

KW - Money-laundering

KW - Suspicious transaction

UR - http://www.scopus.com/inward/record.url?scp=84864812245&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84864812245&partnerID=8YFLogxK

U2 - 10.3923/ibm.2012.325.332

DO - 10.3923/ibm.2012.325.332

M3 - Article

AN - SCOPUS:84864812245

VL - 6

SP - 325

EP - 332

JO - International Business Management

JF - International Business Management

SN - 1993-5250

IS - 3

ER -