Research Article

MONEY LAUNDERING AND OTHER FORMS OF FINANCIAL CRIME

ABSTRACT

Financial crime has had a huge growth in the last 30 years. It has a negative dynamic phenomenon that is present all over the world, while having an impact on all spheres in countries. All these points to the fact that financial crime is very unpredictable, with the main goal being to gain as much power or profit as possible based on the illegal methods and approaches that are being applied. Financial crime can be committed by companies, organized crime groups or individuals. Citizens, companies, government structures and, in extreme cases, entire national economies can be victims of this criminality. There are several reasons for the increase in financial crime, the first of which is the low prison sentences for the perpetrators, then the impossibility of proving the acts, but also their insufficient regulation of protection and control measures by the state. Bearing in mind the danger of this trend of growth of this type of crime, there is a clear need for states to stand in the way of the development of financial crime. In this paper a wide literature has been used relevant for the topic. 

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Codes

  • Article 279, paragraph 1 of the Criminal Code of the Republic of Macedonia
  • Article 279, paragraph 2 of the Criminal Code of the Republic of Macedonia
  • Code for Prevention of Money Laundering and Other Proceeds of Crime and Financing of Terrorism (Службен весник бр.. 04/08, 57/10, 35/11, 44/2012 and 43/14)
  • Strasbourg Convention for Money Laundering, Detection, Seizure and Confiscation of Criminal Proceeds adopted by the Council of Europe in 1990

Web Links

 

 

Keywords

Financial crime tax evasion money laundering organized crime business

Details

Kristina Milanovic, , International Balkan University, Skopje, North Macedonia
Year: 2024, October / Issue: 2 / Volume: 5
Page Range: 57-78
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MILANOVIC, K., (2024). MONEY LAUNDERING AND OTHER FORMS OF FINANCIAL CRIME. Journal of Law And Politics, 5(2), 57-78. Arrival Date Posted By:https://jlp.ibupress.com/articles/money-laundering-and-other-forms-of-financial-crime