The Proposed PDCA Model to Counter Money Laundering

Abstract

The failure to investigate money laundering cases is most commonly due to a lack of crucial cooperation between public sectors (supervisory authorities, law enforcement agencies, or the police) and private sectors (financial institutions or banks). Global public sectors require a consistent and sustainable alignment of all cash flow activities. The success of the complex anti-money laundering transaction is determined by analytic skill sets in Public-Private Partnerships (PPP). Through the PPP, public sectors can use the resource provided by private sectors. For example, the consultant in the banks can negotiate with the police to investigate money laundering cases. This study proposes a practical Plan-Do-Check-Act (PDCA) management cycle model for supporting these activities processes in the law enforcement community. The PDCA model has proven a practical methodology for reducing the complexity of anti-money laundering.