Is money laundering the main funding source for cigarette smuggling in (non) European countries?
Money laundering is the process of hiding or disguising the unlawful origin of property and hiding or disguising the true nature, origin, source, location, disposal, ownership or title of property. In other words, money laundering means “laundering” dirty money until it becomes clean. Corrupt offic...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2022-05-01
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| Series: | Business: Theory and Practice |
| Subjects: | |
| Online Access: | https://journals.vilniustech.lt/index.php/BTP/article/view/14820 |
| _version_ | 1797334010115915776 |
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| author | Rita Remeikienė Ligita Gasparėnienė Özlem Yorulmaz Greta Gagytė Gabriela Menet |
| author_facet | Rita Remeikienė Ligita Gasparėnienė Özlem Yorulmaz Greta Gagytė Gabriela Menet |
| author_sort | Rita Remeikienė |
| collection | DOAJ |
| description |
Money laundering is the process of hiding or disguising the unlawful origin of property and hiding or disguising the true nature, origin, source, location, disposal, ownership or title of property. In other words, money laundering means “laundering” dirty money until it becomes clean. Corrupt officials and other criminals use money laundering techniques to hide the true nature of their income. Research shows that cigarette smuggling is linked to money laundering. The purpose of the article is to determine how money laundering is related to cigarette smuggling and which public authorities have a key role in combating these phenomena in Georgia and Serbia. Methods used in the study: literature analysis and focus group methodology. In addition, the EU member states were clustered into three categories by their HDI, CPI, GDP per capita and transaction reports indicators. Clustering indicated that the states attributed to the third cluster are most vulnerable to money laundering. An effective factor in the fight against smuggling is to increase the population’s intolerance to illicit goods and services, therefore, it will seek to extend the empirical study to the population’s perspective on money laundering and cigarette smuggling.
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| first_indexed | 2024-03-08T08:13:36Z |
| format | Article |
| id | doaj.art-882b8db058e945c5a86fde2180ef3094 |
| institution | Directory Open Access Journal |
| issn | 1648-0627 1822-4202 |
| language | English |
| last_indexed | 2024-03-08T08:13:36Z |
| publishDate | 2022-05-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | Business: Theory and Practice |
| spelling | doaj.art-882b8db058e945c5a86fde2180ef30942024-02-02T08:03:16ZengVilnius Gediminas Technical UniversityBusiness: Theory and Practice1648-06271822-42022022-05-0123110.3846/btp.2022.14820Is money laundering the main funding source for cigarette smuggling in (non) European countries?Rita Remeikienė0Ligita Gasparėnienė1Özlem Yorulmaz2Greta Gagytė3Gabriela Menet4Faculty of Law, Vilnius University, Vilnius, LithuaniaFaculty of Law, Vilnius University, Vilnius, LithuaniaDepartment of Econometrics, Faculty of Economics, Istanbul University, Istanbul, TurkeyFaculty of Economics and Business, Mykolas Romeris University, Vilnius, LithuaniaDepartment of Management, WSB University in Dąbrowa Górnicza, Poland Money laundering is the process of hiding or disguising the unlawful origin of property and hiding or disguising the true nature, origin, source, location, disposal, ownership or title of property. In other words, money laundering means “laundering” dirty money until it becomes clean. Corrupt officials and other criminals use money laundering techniques to hide the true nature of their income. Research shows that cigarette smuggling is linked to money laundering. The purpose of the article is to determine how money laundering is related to cigarette smuggling and which public authorities have a key role in combating these phenomena in Georgia and Serbia. Methods used in the study: literature analysis and focus group methodology. In addition, the EU member states were clustered into three categories by their HDI, CPI, GDP per capita and transaction reports indicators. Clustering indicated that the states attributed to the third cluster are most vulnerable to money laundering. An effective factor in the fight against smuggling is to increase the population’s intolerance to illicit goods and services, therefore, it will seek to extend the empirical study to the population’s perspective on money laundering and cigarette smuggling. https://journals.vilniustech.lt/index.php/BTP/article/view/14820money launderingcigarette smugglingfocus groupGeorgiaSerbiaclustering |
| spellingShingle | Rita Remeikienė Ligita Gasparėnienė Özlem Yorulmaz Greta Gagytė Gabriela Menet Is money laundering the main funding source for cigarette smuggling in (non) European countries? Business: Theory and Practice money laundering cigarette smuggling focus group Georgia Serbia clustering |
| title | Is money laundering the main funding source for cigarette smuggling in (non) European countries? |
| title_full | Is money laundering the main funding source for cigarette smuggling in (non) European countries? |
| title_fullStr | Is money laundering the main funding source for cigarette smuggling in (non) European countries? |
| title_full_unstemmed | Is money laundering the main funding source for cigarette smuggling in (non) European countries? |
| title_short | Is money laundering the main funding source for cigarette smuggling in (non) European countries? |
| title_sort | is money laundering the main funding source for cigarette smuggling in non european countries |
| topic | money laundering cigarette smuggling focus group Georgia Serbia clustering |
| url | https://journals.vilniustech.lt/index.php/BTP/article/view/14820 |
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