REGULATORY ARCHITECTURE, INSTITUTIONAL GOVERNANCE AND TECHNOLOGICAL ADOPTION IN FINANCIAL FRAUD PREVENTION: A SYSTEMATIC LITERATURE REVIEW WITH IMPLICATIONS FOR EMERGING ECONOMICS

Ardiani Ika Sulistyawati; Aria Hendrawan; Aprih Santoso; Aristo Kevin Ardyaneira Pratama

doi:10.55122/jabisi.v7i2.2380

Authors

Ardiani Ika Sulistyawati Universitas Semarang
Aria Hendrawan Universitas Semarang
Aprih Santoso Universitas Semarang
Aristo Kevin Ardyaneira Pratama University of Regensburg, Germany

DOI:

https://doi.org/10.55122/jabisi.v7i2.2380

Keywords:

Financial Fraud, Money Laundering, Internal Control, Forensic Auditing, Regtech, Emerging Economies

Abstract

Financial fraud and money laundering severely destabilize sustainable financial ecosystems, disproportionately harming emerging economies through weak supervisory capacity, as revealed by a systematic review of 192 studies spanning 1993 to 2026. While technologies like AI and RegTech improve detection accuracy, they simultaneously create a compliance divide between advanced and developing nations, whereas fragmented cross-border oversight continually fuels unmanageable regulatory arbitrage. Ultimately, the evidence demonstrates that internal control maturity, ethical governance, and forensic auditing are the most reliable deterrents against fraud, prompting the study to advocate for a risk-to-resilience framework rooted in harmonized enforcement and targeted capacity building.

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