The economics aspect of money laundering

Abstract

The forms of threat to a country's economic system are very diverse. In modern times, perfidious systems of activity of organized crime groups are coming to light, especially in the field of organized crime. One such criminal activity is certainly money laundering, which is increasingly becoming a serious international problem. Money laundering is basically the legalization of capital acquired through criminal activity. As a criminal activity, it directly negatively affects the economics, political, legal, cultural and other significant values of a society. The most visible consequences of money laundering (most of which are economics in nature) are: undermining the integrity of financial markets, eroding control over economics policy, economic instability, loss of public revenue, deformation of savings and consumption, jeopardizing reform programs, loss of state reputation, etc. Money laundering is a complex and serious challenge for states and the entire international community. Considering that national strategies are not sufficient to combat this problem, a successful transnational approach and strategy are required.