This study aims to examine the impact of forensic accounting services on reducing money laundering. Its originality lies in its exploration of the effects of each of the four forensic accounting services individually, including litigation services, business valuation, fraud investigation, and IT forensics. As the study focuses on the forensic accounting profession, a quantitative approach was adopted, and data were collected via a questionnaire to enable a precise analysis of how forensic accounting contributes to uncovering and reducing money laundering activities. The study’s results demonstrated that forensic accounting plays a significant role in detecting financial violations and substantially reduces money laundering, particularly when combined with strict laws and regulations that enhance its effectiveness. Three out of the four proposed hypotheses were supported, highlighting the growing importance of integrating forensic accounting tools into anti-money laundering frameworks within government institutions. This research emphasises the need for further development of the forensic accounting profession. It also recommends that forensic accountants and practitioners refine their methodologies and tools to deliver more reliable and effective services, ultimately strengthening financial oversight and efforts to combat economic crimes. By enhancing transparency and accountability, forensic accounting contributes to sustainable development objectives, particularly SDG 16 (Peace, Justice, and Strong Institutions). This study highlights how enhancing forensic accounting practices can promote institutional integrity and economic sustainability within the public sector.
Aldeikeh et al. (Sat,) studied this question.