Use of financial institutions instruments for the legalization of funds

DOI

10.2991/mplg-ia-19.2019.44How to use a DOI?

Keywords

organized crime, legalization of criminal income, depository institutions, operating cash, face accounts, illegal migration, human trafficking, extortion, fraud, counterfeiting, legalization of drug proceeds, drug traffickers, financial institutions of the country, FATF, ASDP

Abstract

The article based on the analysis of literature and legislation explored the use of various financial instruments, such as accounts opened in banks, both for real and for nominees, loan processing, use of cash desks (currency exchange points) and others. The article also reflect, a number of topical theoretical and practical aspects of the studied issues, such as: the use of a common banking market tool, such as plastic cards that can be used by almost all the actors involved in money laundering, including in illicit drug trafficking. There is also a unified approach to the composition and content of measures to counter the free movement of criminal capital across national borders using the opportunities provided by national banking systems and financial instruments, money transfer systems and other national and international financial institutions.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Fyodor Myshko
AU  - Anatoly Olimpiev
AU  - Anna Alexandrova
AU  - Vladimir Popov
AU  - Nodari Eriashvili
PY  - 2019/12
DA  - 2019/12
TI  - Use of financial institutions instruments for the legalization of funds
BT  - Proceedings of the International Conference on Man-Power-Law-Governance: Interdisciplinary Approaches (MPLG-IA 2019)
PB  - Atlantis Press
SP  - 226
EP  - 233
SN  - 2352-5398
UR  - https://doi.org/10.2991/mplg-ia-19.2019.44
DO  - 10.2991/mplg-ia-19.2019.44
ID  - Myshko2019/12
ER  -