The impact of the portuguese culture in the prevention and detection phases of money laundering crimes
Autor(a) principal: | |
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Data de Publicação: | 2017 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/21813 |
Resumo: | Every day, millions of financial transactions take place around the world. These transactions are the cornerstone of the world’s economy. However, crimes such as money laundering and terrorist financing threaten the stability of the financial system. Financial Intelligence Units and subject entities work every day to fight these problems. With this in mind, this dissertation was developed as a consultancy thesis for a Portuguese financial institution and it investigates how Hofstede’s (1983) cultural dimensions influence the effectiveness in detecting money laundering and terrorist financing in the compliance department of the organization. From the studies conducted, it was possible to infer that three of the six dimensions proposed by Hofstede (Individualism vs Collectivism, Power Distance and Uncertainty Avoidance), have an impact on prevention and detection of money laundering and terrorist financing crimes, in that department. Taking the above mentioned into consideration, the first suggestion is the continuation of the effort to create measures that support communication, within the compliance department. Secondly, a new role in the compliance department can be created. This new job would have the responsibility of analysing possible flaws with the mechanisms and new ways that criminals can use to achieve their ends. Finally, the creation of a new entity with the purpose of regulation and managing the compliance profession will be suggested. |
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The impact of the portuguese culture in the prevention and detection phases of money laundering crimesDomínio/Área Científica::Ciências Sociais::Economia e GestãoEvery day, millions of financial transactions take place around the world. These transactions are the cornerstone of the world’s economy. However, crimes such as money laundering and terrorist financing threaten the stability of the financial system. Financial Intelligence Units and subject entities work every day to fight these problems. With this in mind, this dissertation was developed as a consultancy thesis for a Portuguese financial institution and it investigates how Hofstede’s (1983) cultural dimensions influence the effectiveness in detecting money laundering and terrorist financing in the compliance department of the organization. From the studies conducted, it was possible to infer that three of the six dimensions proposed by Hofstede (Individualism vs Collectivism, Power Distance and Uncertainty Avoidance), have an impact on prevention and detection of money laundering and terrorist financing crimes, in that department. Taking the above mentioned into consideration, the first suggestion is the continuation of the effort to create measures that support communication, within the compliance department. Secondly, a new role in the compliance department can be created. This new job would have the responsibility of analysing possible flaws with the mechanisms and new ways that criminals can use to achieve their ends. Finally, the creation of a new entity with the purpose of regulation and managing the compliance profession will be suggested.Todos os dias, milhões de transações financeiras são realizadas no mundo inteiro. Essas transações são a base da economia mundial. No entanto, crimes como o branqueamento de capitais e financiamento do terrorismo ameaçam a estabilidade do sistema financeiro. As Unidades de Informação Financeira e entidades sujeitas trabalham todos os dias para combater estes problemas. Neste sentido, esta tese de consultoria para uma instituição financeira portuguesa, investiga de que forma as dimensões culturais de Hofstede (1983) influenciam a eficácia na deteção de branqueamento de capitais e financiamento do terrorismo no departamento de compliance de uma instituição financeira portuguesa. A partir dos estudos realizados, foi possível inferir que três das seis dimensões propostas por Hofstede (Individualismo vs Coletivismo, Distância de Poder e Prevenção de Incertezas) têm impacto na prevenção e deteção de crimes de branqueamento de capitais e financiamento do terrorismo nesse departamento. Tendo em conta o acima mencionado, a primeira sugestão é a continuação do esforço de criação de medidas de apoio à comunicação, dentro do departamento de compliance. Em segundo lugar, um novo posto neste departamento pode ser criado. Esta nova posição teria a responsabilidade de analisar possíveis falhas dos mecanismos de deteção e prevenção e novas formas que os criminosos podem usar para alcançar seus fins. Finalmente, será sugerida a criação de uma nova entidade com o objetivo de regulamentar e gerir a atividade de compliance.Ramus, TommasoVeritati - Repositório Institucional da Universidade Católica PortuguesaMateus, Alexandre Rainho da Silva Pereira2017-03-15T15:19:40Z2017-02-1720172017-02-17T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/21813TID:201667240enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:27:56Zoai:repositorio.ucp.pt:10400.14/21813Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:18:08.580869Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The impact of the portuguese culture in the prevention and detection phases of money laundering crimes |
title |
The impact of the portuguese culture in the prevention and detection phases of money laundering crimes |
spellingShingle |
The impact of the portuguese culture in the prevention and detection phases of money laundering crimes Mateus, Alexandre Rainho da Silva Pereira Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
The impact of the portuguese culture in the prevention and detection phases of money laundering crimes |
title_full |
The impact of the portuguese culture in the prevention and detection phases of money laundering crimes |
title_fullStr |
The impact of the portuguese culture in the prevention and detection phases of money laundering crimes |
title_full_unstemmed |
The impact of the portuguese culture in the prevention and detection phases of money laundering crimes |
title_sort |
The impact of the portuguese culture in the prevention and detection phases of money laundering crimes |
author |
Mateus, Alexandre Rainho da Silva Pereira |
author_facet |
Mateus, Alexandre Rainho da Silva Pereira |
author_role |
author |
dc.contributor.none.fl_str_mv |
Ramus, Tommaso Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Mateus, Alexandre Rainho da Silva Pereira |
dc.subject.por.fl_str_mv |
Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
Every day, millions of financial transactions take place around the world. These transactions are the cornerstone of the world’s economy. However, crimes such as money laundering and terrorist financing threaten the stability of the financial system. Financial Intelligence Units and subject entities work every day to fight these problems. With this in mind, this dissertation was developed as a consultancy thesis for a Portuguese financial institution and it investigates how Hofstede’s (1983) cultural dimensions influence the effectiveness in detecting money laundering and terrorist financing in the compliance department of the organization. From the studies conducted, it was possible to infer that three of the six dimensions proposed by Hofstede (Individualism vs Collectivism, Power Distance and Uncertainty Avoidance), have an impact on prevention and detection of money laundering and terrorist financing crimes, in that department. Taking the above mentioned into consideration, the first suggestion is the continuation of the effort to create measures that support communication, within the compliance department. Secondly, a new role in the compliance department can be created. This new job would have the responsibility of analysing possible flaws with the mechanisms and new ways that criminals can use to achieve their ends. Finally, the creation of a new entity with the purpose of regulation and managing the compliance profession will be suggested. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017-03-15T15:19:40Z 2017-02-17 2017 2017-02-17T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/21813 TID:201667240 |
url |
http://hdl.handle.net/10400.14/21813 |
identifier_str_mv |
TID:201667240 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131870758174720 |