| Title |
AML and data protection costs in the firms activities, their significance and opportunities for reduction / |
| Translation of Title |
Pinigų plovimo prevencijos ir duomenų apsaugos sąnaudos įmonės veikloje, jų reikšmė ir mažinimo galimybės. |
| Authors |
Rutkauskaitė, Karolina |
| Full Text |
|
| Pages |
81 |
| Keywords [eng] |
aml costs, data protection costs, aml cost reduction, data protection cost reduction. |
| Abstract [eng] |
This thesis explores the problem significant costs of implementing anti-money laundering (AML) and data protection practices for regulated industries. The objective is to assess the importance of these costs and identify potential strategies for reduction. Surveying 54 companies across 14 countries and 19 industries, the study used both qualitative and quantitative methods. Multiple regression models revealed crucial insights: 1) A company's size has a notable linear relationship with allocated AML and data protection costs; 2) Higher awareness levels correlate with increased costs, while investments in data protection lead to reduced expenses; 3) Data protection costs positively correlate with AML costs, indicating synergy between the two. The qualitative phase emphasized AML compliance challenges, focusing on regulations and costs, while data protection measures revealed widespread use of encryption and employee training. Addressing a small response rate, future research should collect more respondents and expand the sample size. Investigating trends over time and integrating qualitative methods like interviews would enhance understanding and findings. |
| Dissertation Institution |
Vilniaus universitetas. |
| Type |
Master thesis |
| Language |
English |
| Publication date |
2024 |
