The Role of Accounting practices both in Abetting and Preventing Money Laudering

As a result of globalization, the financial relationships have increased between countries, markets have became integrated, investors have an opportunity to make profitable investments which will bring highest return wherever they want and also internet banking and electronic banking transactions have increased thanks to advanced technology and all these developments have accelerated money circulation, intrinsically these developments have been seen as positive but besides these developments, globalization has brought some costs like fraud, corruption, caused diffusion of crimes. In this respect money laundering is one these crimes and when it is described, dirty or black money which is derived from illegal activities after that this black money is tried to be appeared as legal money that is called as money laundering, so both the way of getting and legalizing this money constitutes a crime. Negative effect of money laundering can be examined within 4 topics; economic, moral, social and legal, and threats economic integrity, stability, reliability, and judicial order. Thus both developing and developed countries must seriously combat with this crime and find what the main reasons that facilitate realizing money laundering are and how it can be prevented.In this paper it is evaluated that the role of accountants and accounting practices abetting to money laundering, and how people use accountants while realizing this victimless crime and also what can be done to prevent money laundering with the help of accounting practices and how accounting practices can prevent money laundering.