Criminal Law Fight against Money Laundering
Criminal Law Fight against Money Laundering
Author(s): Dragoș-Andrei Nedelcu, Marian Orlando CuleaSubject(s): Criminal Law
Published by: Editura Hamangiu S.R.L.
Keywords: money laundering; criminal law; European Union; financing of terro¬rism; illegal activities; criminal offences;
Summary/Abstract: Money laundering means "cleaning" the products coming from committed crimes in order to hide their illegal origin. The products of the illicit markets that stand currently for 1% (approximately EUR 110 billion) out of the Union’s GDP money are washed to great extent in the legal economy of Europe. The money laundering systems are sometimes also used for source of financing terrorists. The EU has recently improved the legislation in order to fight this cross border phenomenon. The new directive is going to harmonise money laundering related crimes and sanctions by providing sanctions equally severe throughout the EU with at least 4 year deprived of freedom custodial sentences.
Journal: Conferința Internațională de Drept, Studii Europene și Relații Internaționale
- Issue Year: VII/2019
- Issue No: VII
- Page Range: 397-404
- Page Count: 8
- Language: English