The contrast to money laundering in European legislation

https://www.doi.org/10.32523/2791-0954-2024-8-2-38-50

Abstract

In modern conditions of globalization, money laundering is an international phenomenon, spreading beyond the boundaries of a particular state, acquiring new transnational and international forms. Manifestations of money laundering, including at the national level, have a significant impact on global economic, social and political processes. In this regard, it seems relevant to study the issue of international legal regulation to combat money laundering. The international community pays special attention to the issue of cooperation in the field of combating money laundering. The article analyzes international legal documents that form a fairly solid foundation for combining and using the capabilities of the anti-money laundering system and an effective anti-money laundering mechanism designed for states that seek to ensure that their national legislation is in line with international standards. This is confirmed by the adoption of a significant number of acts that are the basis for regulating and combating money laundering both at the international and national levels.