International Journal of Advanced Research in Economics and Finance - 2023 : Contemporary Waqf Reporting Practices and Governance in Malaysia: A Systematic Literature Review

Mohd Hadli Shah, Mohamad Yunus and Mohd Rizal, Muwazir, and Kamaruzaman, Noordin (2023) International Journal of Advanced Research in Economics and Finance - 2023 : Contemporary Waqf Reporting Practices and Governance in Malaysia: A Systematic Literature Review. International Journal of Advanced Research in Economics and Finance, 5 (2). 0-0. ISSN 2682-812X

Text 21131-1381-71862-1-10-20230207.pdf Download (207kB)

Abstract

The aim of this paper is to explore the evolution of money mule recruitment, as a means in combating money laundering. Money mules are used by organized criminal groups or fraudster to launder illicit funds from outrageous criminal activities. The money mules are individuals who allow their accounts to be used for money laundering by OCG. The attacker, OCG or fraudsters would layer the stolen funds using money mule accounts. These money mules are recruited using various approaches, such as direct approach, fake job advertisement and scams. The money mule recruitment method has now evolved due to technological advancement in the digital era. Cybercrime is seen to have a connection with money mule recruitment, such as money mule recruitment through advertising on Instagram. The recruiters demonstrate allure and opulent lifestyles to captivate the interest of potential money mules. Furthermore, the recruiters often use a fake account when recruiting to avoid being caught by the authorities. Hence, future research may investigate the money mule recruitment in their countries so that it will be an insight to the police agency in dealing with money mule cases. This article will be beneficial for future money mule researchers, enforcement agencies and practitioners in preventing and confronting money mule activities. Money mule is one of the layering channels for money laundering activities, this study will also assist the researchers and regulators in combating money laundering activities, as an initiative to attract foreign direct investment in their countries.

Item Type:	Article
Uncontrolled Keywords:	Fraud, Money Mule, Recruitment, Scams, Cybercrime.
Divisions:	Institute of Graduate Studies (IGS)
Depositing User:	LIBRARY1 UPTM
Date Deposited:	18 Jul 2025 07:46
Last Modified:	18 Jul 2025 07:46
URI:	http://eprints.kuptm.edu.my/id/eprint/4897

Actions (login required)

View Item