Anti-Money Laundering Game between Banking Institutions and Employees in the Progressing CNY Internationalization

Dexiang Mei; Li Zhou

doi:10.4236/me.2015.64048

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Modern Economy > Vol.6 No.4, April 2015

Anti-Money Laundering Game between Banking Institutions and Employees in the Progressing CNY Internationalization ()

Dexiang Mei, Li Zhou

School of Economics and Management, Southwest Jiaotong University, Chengdu, China.

DOI: 10.4236/me.2015.64048 PDF HTML XML 3,742 Downloads 4,814 Views Citations

Abstract

Based on the establishment of imperfect dynamic game model of multiple node information sets, the paper analyzes the three equilibrium strategies of banking institutions (BIs) and employees (BEs) under Chinese government’s different anti-money laundering (AML) efforts: both free of AML, BIs involved in AML but BEs away from AML, and both engaged in AML. It finds that Chinese government’s AML effort will impact BIs’ AML choice, and BIs’ AML choice will affect BEs’ AML choice. Only with the effective cooperation among the government, BIs, and BEs can we achieve the AML equilibrium strategy of the two gaming parties.

Keywords

CNY Internationalization, Banking Institutions (BIs), Banking Employees (BEs), Anti-Money Laundering (AML), Dynamic Game

Share and Cite:

Mei, D. and Zhou, L. (2015) Anti-Money Laundering Game between Banking Institutions and Employees in the Progressing CNY Internationalization. Modern Economy, 6, 490-497. doi: 10.4236/me.2015.64048.

Conflicts of Interest

The authors declare no conflicts of interest.

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