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- Title
MONEY LAUNDERING AS A PROBLEM OF THE CRIMINOLOGY AND THE CRIMINAL LAW.
- Authors
Bošković, Milo
- Abstract
Money laundering refers to a legalization of capital generated by some criminal activity. This practice is applied by engaging many methods of financial transaction which disguise the origins of money or other forms of capital on the market. It represents a particular form of organized crime which brings illegal profit to the doers, because in this way, the capital obtained in criminal activities is used in legal currents of production, trading, business accounts and such. An emergence of this international problem and the interest of the international community and other regional institutions comes from many consequences which this phenomenon produces, such as negative economic and political effects. Activities of criminal organizations, which are in the domain of organized crime, are getting an international dimension, which is why the international community in its legal acts underlines the obvious connection between organized crime and money laundering, as well as the need for cooperation on an international level to prevent and uncover money laundering. In this sense, international organizations and proposed legal measures give an adequate basis for an efficient national legislative intervention. But the problem emerges in the application of law and the detection of the causes of organized crime: the tolerance and passivity of those governmental organs which are authorized to repress and prevent this phenomenon.
- Publication
Novi Sad Faculty of Law: Collected Papers / Zbornik Radova: Pravni Fakultet u Novom Sadu, 2007, Vol 41, Issue 3, p171
- ISSN
0550-2179
- Publication type
Academic Journal