Determinants of AML/CFT Compliance Intention Among Malaysian Accounting Practitioners: An Approach Using The Theory of Planned Behaviour
DOI:
https://doi.org/10.24191/eaj.v14i2.9464Keywords:
Money Laundering, AML/CFT Compliance, Accounting Practitioner, Theory of Planned Behaviour, Trust in AuthorityAbstract
The objective of this study is to develop a model for understanding AML/CFT compliance behaviour among Malaysian accounting practitioners by examining the influence of attitude, subjective norm, perceived behavioural controls and trust in authority on their intention to comply with AML/CFT reporting requirements. A total of 240 self-administered questionnaires were collected from accounting practitioners in Malaysia. The data were analysed using variance-based structural modelling (PLS-SEM) to examine the hypothesised relationships. The results revealed positive and significant relationships between attitude, subjective norm, perceived behavioural controls, and trust in the authority and accounting practitioners’ intention to comply with AML/CFT reporting requirements. However, the study found no evidence of trust in authority moderating any of these relationships. This study extends existing knowledge of AML/CFT compliance from behavioural perspectives by using the extended theory of planned behaviour. In addition, it considers the moderating role of trust in authority within the AML/CFT compliance setting. The current findings could benefit the relevant authorities in understanding AML/CFT compliance and assist them in formulating and implementing strategies to promote compliance, especially in Malaysia. Although compliance is influenced by multiple factors, this study is limited to examining the elements derived from the Theory of Planned Behaviour as well as the concept of trust in authority.
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