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    Theoretical Framework

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    Marilou Olaguir Saño
    The document discusses theories of organizational behavior (Theory X and Theory Y) and how they relate to anti-money laundering efforts. Theory X suggests that authorities closely monitor financial institutions to ensure compliance with rules, while Theory Y implies that institutions recognize their duties and act for the benefit of society. The research aims to understand the influence of these theories on fighting money laundering. It also examines the role of forensic accountants in investigating money laundering cases and finding financial evidence to present in court.

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    Theoretical Framework

    Uploaded by

    Marilou Olaguir Saño
    1K views3 pages
    The document discusses theories of organizational behavior (Theory X and Theory Y) and how they relate to anti-money laundering efforts. Theory X suggests that authorities closely monitor financial institutions to ensure compliance with rules, while Theory Y implies that institutions recognize their duties and act for the benefit of society. The research aims to understand the influence of these theories on fighting money laundering. It also examines the role of forensic accountants in investigating money laundering cases and finding financial evidence to present in court.

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    The document discusses theories of organizational behavior (Theory X and Theory Y) and how they relate to anti-money laundering efforts. Theory X suggests that authorities closely monitor financial institutions to ensure compliance with rules, while Theory Y implies that institutions recognize their duties and act for the benefit of society. The research aims to understand the influence of these theories on fighting money laundering. It also examines the role of forensic accountants in investigating money laundering cases and finding financial evidence to present in court.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1K views3 pages

    Theoretical Framework

    Uploaded by

    Marilou Olaguir Saño
    The document discusses theories of organizational behavior (Theory X and Theory Y) and how they relate to anti-money laundering efforts. Theory X suggests that authorities closely monitor financial institutions to ensure compliance with rules, while Theory Y implies that institutions recognize their duties and act for the benefit of society. The research aims to understand the influence of these theories on fighting money laundering. It also examines the role of forensic accountants in investigating money laundering cases and finding financial evidence to present in court.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    THEORETICAL FRAMEWORK:

    Figure 1.1 Theory X and Theory Y of Douglas McGregor applied on money laundering

    As seen in Figure 1.1, Theory X suggests that authorities are monitoring different
    financial institutions in order for them to comply and do their jobs. These financial institutions act
    in accordance to the rules and regulations set by the governing bodies because they are
    motivated by fear of getting sanctions if they fail to fulfill their responsibilities. On the other hand,
    Theory Y implies that financial institutions recognize their duties and they would use their
    position for the benefit of the society. In this research, it is expected that the influence of the
    Anti-Money Laundering Council over financial institutions is high since they have the
    responsibility to investigate and cause the prosecution of money laundering offenses.
    The researchers would want to know the influence of these theories and how they are
    applied to fight money laundering crimes. This includes the roles of forensic accountants in the
    THEORY X THEORY Y
    Governing
    Bodies
    Governing
    Bodies
    Financial
    Institutions
    Financial
    Institutions
    Control
    (for
    compliance)
    Command
    Feedback
    (to enable
    action)
    Command
    litigation process of money laundering crimes and how these theories affect their jobs in finding
    financial evidences regarding the case and presenting them to the court.
    Having an effective anti-money laundering system is vital in fighting crimes concerning
    this issue. The participation and compliance of banks and other financial systems is highly
    needed by the government to establish one. If there are suspicions about this kind of illegal
    transaction, investigation will start in order to detect if money laundering is being practiced.
    Transactions entered by individuals are monitored through:





    Figure 1.2 Transaction Monitoring Process

    Figure 1.2 shows the process monitoring the transactions done by the one being
    suspected of practicing money laundering. Basically, it begins with the submission of covered
    and suspicious transaction reports to the AMLC. Data collecting refers to gathering information
    about the client through his bank account and the transactions he entered into. The next step is
    to process and filter the data collected for easier analysis. This data then will be examined for
    suspicious patterns like series of transactions and transfers of funds. If the AMLC finds out that
    money laundering has been committed, it causes the filing of the criminal complaint.
    Filing of
    Case

    Behavior
    Diagnosing
    Data
    Ingestion
    Data
    Collecting
    During the investigation process, the AMLC must obtain sufficient evidence that a
    property or proceeds are connected to an illegal activity or money laundering offenses. With
    this, forensic accountants will now help and assist in the litigation process. They will gather facts
    and information and used what they have gathered as evidence to support the case. They are
    given the responsibility of finding financial evidences that will be used against the offender as
    well as giving their opinions regarding the matter. They must be able find evidences that are
    conclusive and present them to the court.

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