%0 Journal Article
%T Anti-Money Laundering Compliance and Financial Performance of Commercial Banks in South Sudan: A Survey of Literature on Internal Policies
%A Abraham Telar Nicknora
%J Open Journal of Accounting
%P 44-55
%@ 2169-3412
%D 2024
%I Scientific Research Publishing
%R 10.4236/ojacct.2024.132004
%X This research delves into the nexus between anti-money laundering (AML) compliance and the financial performance of selected commercial banks in South Sudan, a country still on the FATF grey list despite substantial governmental investments in AML initiatives. Utilizing a cross-sectional and mixed-method design, the study specifically aimed to scrutinize the relationship between internal policies and the financial performance of commercial banks. Drawing from a sample of 105 participants across four banks, a comprehensive dataset comprising both quantitative and qualitative information was gathered. The findings underscore a noteworthy connection between internal policies and financial performance (r = 0.436, <i>p</i><i> </i>= 0.000, n = 86), suggesting that improvements in internal policies may enhance financial outcomes. This study emphasizes the pivotal role of robust internal policies in fostering AML compliance and subsequently enhancing the financial well-being of commercial banks in South Sudan.
%K Anti-Money Laundering
%K Compliance
%K Financial Performance
%K Internal Policies
%K South Sudan
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=132864