Financial intelligence and regulating money laundering in Kampala city, uganda
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Date
2019-10
Authors
Journal Title
Journal ISSN
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Publisher
Kampala International University, College of Economics and Management.
Abstract
The study sought to establish the relationship between money laundering and financial
intelligence. Money laundering is a comprehensive term, and covers; steps of money
laundering, causes of money laundering and the possible effects and solutions to money
laundering. The study investigates, measure, and evaluates the relationship between money
laundering and financial intelligence.
To achieve the study objectives, a questionnaire was designed and distributed to a sample of
the study which consisted of 100 employees of Kampala city especially ministry of finance,
planning and economic development. A structured questionnaire with Likert scale was used
to collect data from the respondents who had a 100% response rate. From the respondents 80
were male while 20 female constituting and 80 % and 20 % respectively. A guided interview
was also employed by the researcher. The Data collected using questionnaires was sorted,
coded and captured in Statistical Packages for Social Scientists (SPSS) for processing and
analysis. Frequency tables, mean and standard deviation were generated from the data for
analysis and interpretation to enable the researcher answer the research questions and draw
concrete conclusions.
Overall the results supported the hypothesis. The study revealed positive and significant
benefits of financial intelligence in regulating money laundering
The study found out that financial intelligence authority plays a great role in regulating mney
laundering in a country or nation. The study therefore recommends that the management of
companies specifically ministry of finance, planning and economic development should
formulate comprehensive and effective preventive measures or strategies that seek to build
good reputation and sustainability of commercial and banking organizations to ensure they
reduce on the effects and causes of money laundering.
Description
a research reports submitted to college of economics and management in partial fulfillment for the award of bachelor’s degree in business administration (finance and accounting) of Kampala international university,Uganda.
Keywords
Financial, regulating money, laundering,Kampala city