Author(s)

Abraham Telar Nicknora

Department of Social Science and Literature, Selinus University, Delaware, State of Delaware, USA.

This research delves into the nexus between anti-money laundering (AML) compliance and the financial performance of selected commercial banks in South Sudan, a country still on the FATF grey list despite substantial governmental investments in AML initiatives. Utilizing a cross-sectional and mixed-method design, the study specifically aimed to scrutinize the relationship between internal policies and the financial performance of commercial banks. Drawing from a sample of 105 participants across four banks, a comprehensive dataset comprising both quantitative and qualitative information was gathered. The findings underscore a noteworthy connection between internal policies and financial performance (r = 0.436, p = 0.000, n = 86), suggesting that improvements in internal policies may enhance financial outcomes. This study emphasizes the pivotal role of robust internal policies in fostering AML compliance and subsequently enhancing the financial well-being of commercial banks in South Sudan.

Anti-Money Laundering, Compliance, Financial Performance, Internal Policies, South Sudan

Nicknora, A. (2024) Anti-Money Laundering Compliance and Financial Performance of Commercial Banks in South Sudan: A Survey of Literature on Internal Policies. Open Journal of Accounting, 13, 44-55. doi: 10.4236/ojacct.2024.132004.