This paper presents a longitudinal interpretive case study of a UK bank’s efforts to combat Money Laundering (ML) by expanding the scope of its profiling of ML behaviour. The concept of structural coupling, taken from systems theory, is used to reflect on the bank’s approach to theorize about the nature of ML-profiling. The paper offers a practical contribution by laying a path towards the improvement of money laundering detection in an organizational context while a set of evaluation measures is extracted from the case study. Generalizing from the case of the bank, the paper presents a systems-oriented conceptual framework for ML monitoring.
Demetis, D. S. (2018). Fighting money laundering with technology: a case study of Bank X in the UK. Decision Support Systems, 105, 96-107. https://doi.org/10.1016/j.dss.2017.11.005