Impact of globalization on money laundering
This article addresses the complex relationship between money laundering and globalization. The way that global economy facilitated money laundering activities, the challenges of cross-border transactions and review the measures put in place to fight against this illicit practice are analyzed and ex...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Romanian Foundation for Business Intelligence
2023-09-01
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| Series: | SEA: Practical Application of Science |
| Subjects: | |
| Online Access: |
http://seaopenresearch.eu/Journals/articles/SPAS_32_1.pdf
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| _version_ | 1827939598309785600 |
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| author | Robert Claudiu HELLVIG Constantin Adrian BLANARU |
| author_facet | Robert Claudiu HELLVIG Constantin Adrian BLANARU |
| author_sort | Robert Claudiu HELLVIG |
| collection | DOAJ |
| description | This article addresses the complex relationship between money laundering and globalization. The way that global economy facilitated money laundering activities, the challenges of cross-border transactions and review the measures put in place to fight against this illicit practice are analyzed and examined. Money laundering is a complex and pervasive issue that poses a significant threat to the global economy and financial systems. It involves the process of transforming the proceeds of criminal activities into legitimate funds, allowing criminals to act with impunity enjoying the profits of their illicit activities. In the context of globalization, money laundering became even more difficult to fight due to growing of cross-border movement of funds, expansion of international trade and multiplication of offshore financial centers and the growth of digital currencies. |
| first_indexed | 2024-03-13T08:57:03Z |
| format | Article |
| id | doaj.art-10da518b46a4411c9abe2f207869ec8b |
| institution | Directory Open Access Journal |
| issn | 2360-2554 |
| language | English |
| last_indexed | 2024-03-13T08:57:03Z |
| publishDate | 2023-09-01 |
| publisher | Romanian Foundation for Business Intelligence |
| record_format | Article |
| series | SEA: Practical Application of Science |
| spelling | doaj.art-10da518b46a4411c9abe2f207869ec8b2023-05-28T17:44:23ZengRomanian Foundation for Business IntelligenceSEA: Practical Application of Science2360-25542023-09-01XI32 (2/2023)9195seapas:y:2023:i:31:p:91-95Impact of globalization on money launderingRobert Claudiu HELLVIG0Constantin Adrian BLANARU1 Valahia University of Targoviste Independent Researcher This article addresses the complex relationship between money laundering and globalization. The way that global economy facilitated money laundering activities, the challenges of cross-border transactions and review the measures put in place to fight against this illicit practice are analyzed and examined. Money laundering is a complex and pervasive issue that poses a significant threat to the global economy and financial systems. It involves the process of transforming the proceeds of criminal activities into legitimate funds, allowing criminals to act with impunity enjoying the profits of their illicit activities. In the context of globalization, money laundering became even more difficult to fight due to growing of cross-border movement of funds, expansion of international trade and multiplication of offshore financial centers and the growth of digital currencies. http://seaopenresearch.eu/Journals/articles/SPAS_32_1.pdf money launderingbankingglobalization |
| spellingShingle | Robert Claudiu HELLVIG Constantin Adrian BLANARU Impact of globalization on money laundering SEA: Practical Application of Science money laundering banking globalization |
| title | Impact of globalization on money laundering |
| title_full | Impact of globalization on money laundering |
| title_fullStr | Impact of globalization on money laundering |
| title_full_unstemmed | Impact of globalization on money laundering |
| title_short | Impact of globalization on money laundering |
| title_sort | impact of globalization on money laundering |
| topic | money laundering banking globalization |
| url |
http://seaopenresearch.eu/Journals/articles/SPAS_32_1.pdf
|
| work_keys_str_mv | AT robertclaudiuhellvig impactofglobalizationonmoneylaundering AT constantinadrianblanaru impactofglobalizationonmoneylaundering |