Transfer of Money Abroad

Din Alina-Valentina () and Popescu Luigi ()
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Din Alina-Valentina: University “Lucian Blaga “of Sibiu -Romania
Popescu Luigi: University of Pitesti-Romania

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 1359-1364

Abstract: In most of the cases, the first concern after committing the basic infraction is to transfer money abroad. The basic rule is that the person whose funds have to be transferred should not assume this risk. At the international level there are networks of professional couriers who take over the transfer action and provide the delivery of money abroad, at the established place.In certain money laundering schemes one may choose to create a foreign trust. The advantage in this case is that the owner of the capital may irrevocably transfer his property right to the trust, thus preventing the confiscation of the capital. The practice of money launderers has proven that these aspects are disadvantages which may be annihilated.

Keywords: money laundering; underground bank systems; infraction. (search for similar items in EconPapers)
JEL-codes: G (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1359-1364

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