The Legal Nature of the Crime of Money Laundering

Abstract

The phenomenon of crime money laundering is an important and one of the most serious financial crimes that have emerged in the era of the digital economy. This crime is also called the the crime of white-collar. It is well known that whitness is a symbol of serenity and purity. Criminals of money laundering are called themselves so, to appear as innocent people in their community, and this enables them to hide their crimes.

    Despite the fact that commercial banks represent one of the most important tributaries of money laundering globally because of the magnitude of the banking and financial system, and easily pass the suspicious transactions and hide the sources of the money, but the criminals alerted strictly controlled on the banking business, and became the subject of money laundering is not a bank fertile environment for washing with the vast majority of criminals have noticed all criminals strictly controlled the work of banks, especially when the exhibits offender stages of the washing stage replacement then phase coverage then the merger which stages the degree of complexity, prompting the perpetrators of these crimes to change their destination in the washing, as has become a safe haven only the perpetrator is running money with someone else out of his money legitimately, they are considered one of the most successful means to commit the crime and the attainment of the result with the difficulty of detection and the advantage that it does not have an impact and thus remains the offender is a step or more of the powers of investigation, and the investigation and trial. Which means that legislation should be amended to tighten punishment for those involved   washing partner, the confiscation of all his assets and shut down all of its projects, which originated the project.