The Approach of International Financial Institutions in Preventing and Combating Money Laundering

Articles in Press

Document Type : Original Independent Original Article

Authors

1 Assistant Prof in public of international law, Department of law, Faculty of humanities, Bu-Ali Sina University, Hamadan, Iran.

2 Master of International Law, Civil and Development Higher Education Institute, Hamadan, Iran

3 Ph.D. student of public international law, Islamic Azad University, Hamadan branch, Hamadan, Iran.

Abstract

During the last decades, we have witnessed countless developments in the field of industries and technology, whose application has been able to affect the financial markets. On the other hand, some criminal organizations are trying to create chaos in the stock market and weaken financial structures by conducting false transactions. It is obvious that the expansion of these activities has caused the instability of the global economy and can reduce the effectiveness of international laws and regulations and foreign investments. Considering the complexity of financial crimes and the need to fight against international crimes and terrorism, the question arises as to what effect the phenomenon of money laundering has had on the global economy and what is the approach of international financial institutions in preventing and dealing with this process? According to the findings of this research, which was carried out using a descriptive- analytical method, money laundering is one of the basic problems in the field of international economy. The supervision of international institutions on financial systems should be done with the aim of protecting the integrity and stability of international financial systems, and this requires that international financial institutions, through interaction with each other and cooperation with various countries, take their actions in the field of combating money laundering. including tracing the flow of dirty money, increasing the transparency of international banking systems, developing electronic infrastructure as much as possible, integrating the financial information system and promoting them at the global level.

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International Studies Journal (ISJ)

Articles in Press, Accepted Manuscript
Available Online from 26 February 2024

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