Impact of Digital Transformation on Reducing Money Laundering
DOI:
https://doi.org/10.63901/ijebam.v4i2.178Keywords:
digital transformation, money laundering, banking institutions, anti-money laundering, financial technologyAbstract
Digital transformation has become an important strategy for improving banking efficiency, transparency, and risk management. Meanwhile, money laundering remains a major challenge that threatens financial system stability. This study examines the impact of digital transformation on reducing money laundering in government and private banks in Babylon Governorate, Iraq. A quantitative descriptive-analytical approach was applied using questionnaire data collected from 100 bank employees. Data were analyzed using SPSS through descriptive analysis, one-sample t-test, and Pearson correlation analysis. The results indicate that digital transformation implementation has reached a significant level and contributes positively to reducing money laundering activities. The findings highlight the importance of digital infrastructure, employee capabilities, and technology-based monitoring systems in strengthening anti-money laundering practices in banking institutions.
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Copyright (c) 2026 Kadhim H. Hamad
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