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https://www.fatf-gafi.org/en/countries/black-and-grey-lists.html

has been cited by the following article:

• TITLE: Anti-Money Laundering Compliance and Financial Performance of Commercial Banks in South Sudan: A Survey of Literature on Internal Policies

  AUTHORS: Abraham Telar Nicknora

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

  JOURNAL NAME: Open Journal of Accounting, Vol.13 No.2, April 30, 2024

  ABSTRACT: 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.