Abstract
Still Financial institutions, including banks, a key target for money launderers to transfer illicit funds to the legitimate funds and by weaknesses in the internal audit procedures applied in the banks or through a lack of legal structure to combat this phenomenon in addition to the procedures by other regulations. The samples from private banks in Baghdad and distributed 35 form to identify the members of these banks who work in the internal audit activity and results appear in the paper that there is direct impact of the internal audit of 60% to curb money laundering, The rest of the figure is attributed to other factors may be legal, administrative or linked to the application of international standards.
DOI
10.33095/jeas.v16i60.1526
Subject Area
Accounting
First Page
228
Last Page
248
Recommended Citation
Kayem, N. S., & Taleb, N. (2010). The Role of Internal Auditing in Reducing Money Laundering. Journal of Economics and Administrative Sciences, 16(60), 228-248. https://doi.org/10.33095/jeas.v16i60.1526
