This book provides practical recommendations on how to improve the
effectiveness and efficiency of AML compliance by introducing the
theory, framework and approach for dealing with the concerns of Money
Laundering Reporting Officers (MLROs) within the UK banking industry.
Accordingly, Bello focusses on providing a theoretical explanation of
compliance behaviour which is inadequately covered. Although the
research is centred on MLROs within the UK banking industry, the
self-protecting theory discovered from the research has general
application to other compliance officers within and outside the UK. It
is also applicable to regulatory environments in other economic sectors.
The choice of MLROs and the UK as the focus of the study was because
these individuals are arguably the most important stakeholders in AML
and the UK is one of the largest financial centres in the world that
provides opportunity for money laundering activities. A methodological
and detailed study, this book will be of particular interest to
practitioners and the regulatory authorities, as well as scholars of
criminology and finance.