MONEY LAUNDERING. TOPIC OF THE FINANCIAL-BANKING SYSTEM
MONEY LAUNDERING. TOPIC OF THE FINANCIAL-BANKING SYSTEM

Author(s): Florin Laurentiu Giusca, Eduard Paul Petrescul
Subject(s): Government/Political systems, International relations/trade, Security and defense, Military policy, Peace and Conflict Studies
Published by: Carol I National Defence University Publishing House
Keywords: money laundering; specific requirements for financial institutions; ways to prevent money laundering in the Romanian banking system;
Summary/Abstract: Transparency and the health of financial markets are key elements in the efficient functioning of savings, but they can be jeopardized by money laundering. Obtaining "black money", mainly from the underground economy and corruption, is generally a unanimously condemned activity in all countries of the world, but the process of recycling funds, due to the harmless look that they can get, harsh competition on the international capital market

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