Money laundering
7745 mots
31 pages
Alexandre ROLLAND - Paul LEFEBVREInternational Business Law
‘International measures against Money Laundering’
Summary
Introduction
1. What is money laundering?
a. Definition and origin b. Methods of money laundering
2. Consequences and challenges of money laundering
3. Fight against money laundering
4. Case study : money laundering in football
Conclusion
5. Bibliography 6. Schedules
Introduction
The money laundering is in the heart of all the criminal activities which generate, according to the experts International, approximately 1 500 billion dollars by year. To introduce these funds into the legal economy, their holders have to confer them an appearance of legitimacy and make undergo beforehand in the dirty money quite a series of transformations, more or less complex, by having appeal mostly to mechanisms and techniques set up to facilitate the conclusion of transactions, the traffic of the honest money and a voucher functioning of the economy.
Funds so cleared, besides that they contribute to the preservation and in the proliferation of the organized crime, threaten International financial system and, on an institutional plan(shot), facilitate the development of the corruption and risk of threaten the foundations of the rule of law(State subject to the rule of law). In this threat generated by the cross-border criminality, that of is added since the attempts of September 11th, 2001, international terrorist financing. On recommendation of the GAFI, the international community as well as of numerous States, associated these two phenomena in the same fight. So this double threat led the international authorities and national to exercise a growing pressure on financial institutions. Indeed, since the creation of the GAFI by G7 in 1989, Dense and evolutionary regulations translate the will of States to strengthen and to perfect the relation of partnership Between the Cells(Units) of Financial