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Actual context of fight against the money laundring by means of credit institutions

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Author Info
Troaca, Victor
Abstract

Credit institutions, as well as the other institutions integrated into the financial system, are subject more and more to some attempts from the simpliest to the most sophisticated, with some most various means and instruments, of their perspicacity and utilization with a view of money laundering of some assets obtained from illegal activities, and also the assurance of funds necessary for terrorism financing, from the part of some groups with abstruse interests. In this context the financial community has to adopt measures meant to protect it from the implication in such actions. The more and more emphasized connection of Romanian financial to those European and international ones, brings upon that the Romanian credit institution should adopt the necessary measures, according to those adopted globally, so that to ensure their security and credibility.

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File URL: http://mpra.ub.uni-muenchen.de/14298/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 14298.

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Date of creation: 14 Oct 2008
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Handle: RePEc:pra:mprapa:14298

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Related research
Keywords: money laundring/ clients/ clients’ knowledge/ banking control;

Find related papers by JEL classification:
G29 - Financial Economics - - Financial Institutions and Services - - - Other
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages
G20 - Financial Economics - - Financial Institutions and Services - - - General

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