The legal framework for the crime of money laundering and combat mechanisms
Keywords:
legal framework, money laundering, combat mechanisms, elements of the crime, penaltiesAbstract
This research addresses the topic of "The Legal Framework for the Crime of Money Laundering and Mechanisms for Combating It," a crucial topic, as banks are typically committed to upholding the law. Money laundering is considered one of the most serious cross-border economic crimes, due to its negative impact on the national economy and financial stability, in addition to its association with other crimes such as corruption and terrorist financing. This research aims to shed light on the legal framework governing the crime of money laundering by examining relevant national and international laws and legislation and analyzing their effectiveness in reducing this crime. The research also addresses anti-money laundering mechanisms, such as regulatory systems and relevant institutions, and the role of international cooperation in combating it. The study concludes that the effectiveness of combating money laundering depends largely on updating legislation, enhancing financial transparency, and coordination between regulatory bodies at the local and international levels. This research examines the legal framework for money laundering and its mechanisms for combating it, citing numerous pieces of evidence to support this.
References
A. Books
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B. Theses and Dissertations
13. Zainab Iskandar Dagher Al-Fuwadi, "Banks' Obligations in Combating Money Laundering - A Comparative Study," Master's Thesis, College of Law, Al-Nahrain University, Baghdad, 2010.
14. Majida Bou Saida, "The Role of the Banking Sector in Combating the Crime of Money Laundering," Master's Thesis, Business Science, College of Law and Political Science, University of Qasdi Merbah, Ouargla, 2012/2013.
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C. Journals
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