THE IMPACT OF MONEY LAUNDERING REGULATION ON THE EVOLUTION OF THE BUSINESS ENVIRONMENT
THE IMPACT OF MONEY LAUNDERING REGULATION ON THE EVOLUTION OF THE BUSINESS ENVIRONMENT

Author(s): Olga Andreea Urda
Subject(s): Economy, Law, Constitution, Jurisprudence, Business Economy / Management, EU-Legislation
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: money laundering; entrepreneurship; COVID-19 pandemic; force majeure; real estate;
Summary/Abstract: Legislative changes in the field of money laundering offence have had a significant impact also on the rules governing business law. One of these changes, the relinquishment of bearer securities, be they bonds or shares, had a visible effect on the territory of the European Union. The COVID-19 pandemic imposed the natural obligation on the national legislator to adapt the regulatory framework to the needs of the business environment, which is facing a real crisis. Thus, the tightening of the rules governing especially companies, to prevent and combat the crime of money laundering, creates real difficulties for entrepreneurs, who are already facing a series of economic and social problems. The compensatory measures inherent in any major crisis must be compatible with the transparency policy imposed including at the European level, by the rules adopted by the institutions of the European Union, in order to prevent and sanction this criminal phenomenon. It is thus necessary to identify balanced solutions that ensure the safety of the business environment.

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