A Survey of Literature on Suspicious Transaction Monitoring: Anti-Money Laundering Compliance and Financial Performance of Commercial Banks in South Sudan
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, p = 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.
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