SPĂLAREA BANILOR
MONEY LAUNDERING

Summary/Abstract: Money laundering is the process of transforming the proceeds of crime, corruption or kleptomania into ostensibly legitimate money or other assets.However, in a number of legal and regulatory systems, the term money laundering has become conflated with other forms of financial crime, and sometimes used more generally to include misuse of the financial system (involving things such as securities, digital currencies, credit cards, and traditional currency), including terrorism financing and evasion of international sanctions. Most antimoney laundering laws openly conflate money laundering (which is concerned with source of funds) with terrorism financing when regulating the financial system. Money laundering is also the generic term used to describe the process by which criminals disguise the original ownership and control of the proceeds of criminal conduct by making such proceeds appear to have derived from a legitimate source. Money laundering facilitates corruption and can destabilize the economies of susceptible countries. It also compromises the integrity of legitimate financial systems and institutions, and gives organized crime the funds it needs to conduct further criminal activities. It is a global problem, and the techniques used are numerous and can be very sophisticated. Technological advances in e-commerce, the global diversification of financial markets and new financial product developments provide further opportunities to launder illegal profit and obscure the money trail leading back to the underlying crime. In these few words I want to present the main methods of achieving the offense of money laundering techniques used, and their impact on social life. Also I will also present a real example of money laundering which was completed with arraignment A recent example of Romanian judicial practice of concealing the illicit origin of the money through bank transfers successive followed by withdrawing cash.

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