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The Money Laundering Phenomenon In The Context Of Economic Crisis

Author

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  • ANDRUSCEAC, Teodor

    (Academy of Economic Studies of Moldova, Chisinau, Republic of Moldova)

Abstract

The following paper represents an analytical article that aims to describe the impact that the economic crisis has on the money laundering phenomenon, the procedures and behavior of different participant of banking and financial market. We describe the methods, tools and costs that are used to legalize dirty money from illegal activities, emphasizing the importance of cooperation between supervision authorities and low enforcement structures that are in charge with prevention and combating the money laundering activities in a jurisdiction. The main issue is to analyze the influence that the economic crisis has on the financial infrastructure and to use the right method to assess this influence and to create the necessary tools to reduce the negative side of this phenomenon.

Suggested Citation

  • ANDRUSCEAC, Teodor, 2016. "The Money Laundering Phenomenon In The Context Of Economic Crisis," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 3(1), pages 62-66, October.
    • Handle: RePEc:vls:rojfme:v:3:y:2016:i:1:p:62-66
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    More about this item

    Keywords

    transactions; banking system; financial infrastructure; supervision; legalization;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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