THE MONEY LAUNDERING PHENOMENON IN THE CONTEXT OF ECONOMIC CRISIS

Teodor Andrusceac
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Teodor Andrusceac: Academy of Economic Studies of Moldova, Chisinau, Republic of Moldova

Journal of Financial and Monetary Economics, 2016, vol. 3, issue 1, 62-66

Abstract: The following paper represents an analytical article that aims to describe the impact that the economic crisis has on the money laundering phenomenon, the procedures and behavior of different participant of banking and financial market. We describe the methods, tools and costs that are used to legalize dirty money from illegal activities, emphasizing the importance of cooperation between supervision authorities and low enforcement structures that are in charge with prevention and combating the money laundering activities in a jurisdiction. The main issue is to analyze the influence that the economic crisis has on the financial infrastructure and to use the right method to assess this influence and to create the necessary tools to reduce the negative side of this phenomenon.

Keywords: transactions; banking system; financial infrastructure; supervision; legalization (search for similar items in EconPapers)
JEL-codes: G01 G28 K42 L51 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:3:y:2016:i:1:p:62-66

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