There was a note at the bottom that they were going to rob the corrupt rich and put them in prison
There was curiosity in the investigation, she grabbed the phone and put her finger on the opening with the fingerprint
And I wrote on the search engine money laundering
There were a lot of reports that went into the most famous
"The word money laundering and the word money laundering meet in the connotation of their concept. This means the use of tricks, means and methods to dispose of illegally acquired funds. And illegal, to legitimize and legalize it. This includes money earned from bribery, embezzlement, commercial fraud, counterfeiting of money, and rewards for spying activities. This pernicious phenomenon is undoubtedly one of the fruits of economic globalization promoted by the West.
The term money laundering and money laundering is a modern term and it is an alternative to the hidden economy or black economies or shadow economies. It is earning money from illegal sources, and sometimes this unlawful money is mixed with other lawful money. And investing them in activities that are legally permissible to hide their forbidden source and get out of legal accountability, after misleading the security and control authorities.
Among the methods on the basis of which these illegal funds are laundered from theft operations, facilitating prostitution, bribery, drug smuggling, human smuggling and child trafficking, Gambling clubs allow the owners of these illegal funds to deposit them in banks or transfer them between banks to combine them with legitimate funds, and to hide their original sources. These funds may be transferred from internal banks to international banks with many branches in the world. Then the same offshore banks carry out another transfer of funds through their various branches, After that, the owners withdraw their money from banks to buy land, or contribute to transnational companies.
Countries where corruption is widespread form hotbeds of money laundering, with Russia leading the way. The most famous case of money laundering was the husband of the daughter of Russian President Yeltsin.
Where economic reports indicated that he stole about ten billion dollars in international loans granted to Russia, and laundered them in the American Bank of New York. Investigations revealed that the American bank transferred these stolen funds to dozens of banks in the world, including banks in Russia.
Economic statistics and reports confirm that the phenomenon of money laundering is escalating frighteningly, especially in light of economic globalization and the prevalence of e-commerce. Electronic washing takes place in a few minutes or seconds in order to speed up the concealment of these criminal operations -
Economists have estimated the amount of money laundered annually at a trillion dollars, which is equivalent to 15% of the total value of world trade.
Economists say Swiss banks hold between $1 trillion and $2 trillion in money that came from forbidden sources.
A recent United Nations report stated that Switzerland ranks high among the countries that receive laundered money, which amounts to $750 million annually. The rest of the quantity is shared by Luxembourg, the Principality of Monaco, Austria, the Czech Republic and finally (Israel).
The IMF also notes that Thailand tops the list of 68 countries where cyber-laundering is widespread. The phenomenon of growing foreign direct investment and the free movement of funds between all developed and developing countries, The phenomenon of the expansion of financial speculation through stock exchanges, to make the money laundering process grow and multiply, and makes many banks race to take from this dirty phenomenon as much as possible with evasions. deception, and circumvention of laws or any administrative procedures, and often these operations are hidden behind big names of companies or investors. Such operations often take place in Indonesia, Malaysia, and others.
The term money laundering, which has appeared on the economic scene now, and has aggravated after the Cold War, means carrying out legitimate financial transactions for money that was acquired illegally, through its use and for many times. And in different directions, and in several ways and in a short time, by depositing it, as we said earlier, in foreign banks, and legally bringing it into the country, or turning it around in buying real estate, then mortgaging it and borrowing with its guarantee. Or trading it in local and international stock exchanges, or establishing fictitious companies, and proving that he passed in their name. And all this in order to try to hide the illegal source of the funds, And mislead the security and control agencies to evade penalties.
In Dubai, many property owners are real residents or investors. However, 2020 data released by the Center for Advanced Defense Studies (C4ADS) revealed A number of property owners in the city were either facing international sanctions or were involved in criminal activities. Others were public servants, With a low probability of being able to buy real estate with their known income. The Dubai Uncovered report mentioned the names of 100 Russian oligarchs, government officials and Europeans involved in money laundering. Taking advantage of Dubai's lack of real estate laws, a number of corrupt people owned a home away from their country, laundered their illicit money and even invested in storing their wealth. The names of some of these dubious personalities included Daniel Kinahan, Alexander Borody, Roman Lyabikhov, Tibor Bokor, Ruslan Baysarov, Miroslav Voboh, and others.
Thus: the sources of dirty and forbidden money are many, including: narcotics cultivation, manufacture and sale, prostitution, slave trade, evasion of duties and taxes, bribery, and hidden commissions, Profiting from a job, from exploiting positions, from espionage and thefts, from embezzlement and extortion, from commercial fraud, from trading in corrupt and forbidden goods, and from counterfeiting money. And documents, documents, brands and trademarks, and from gambling in the global commodity and money markets, and from fictitious transactions.
But is stealing the thief considered a crime? This was unrecognized when the owner of this body was writing his notes
Among the common terms related to the issue of illicit money and illegally acquired money is the term: laundering unlawful money. Or laundering forbidden money. It might be called dirty money laundering. It is as if this money coming from an illegal source, if it is entered into a work approved by the law and authorized by it, will be transformed from dirty and forbidden money to clean money. Like a dirty garment that carries filth, if it is put in clean water, it becomes clean and the filth is removed from it
There was a report of a contract being made to refund and prevent money laundering
An international conference was held to discuss the phenomenon of money laundering and how to address it. A number of international financial and economic experts participated in this conference. In this conference, very dangerous facts were revealed, including those frightening numbers that show the extent of money laundering gangs' penetration, control and threat to the world's economic systems.
The discussions showed that the volume of money laundering trade currently ranges, according to the statistics of the International Monetary Fund, between (950) billion dollars and (1.5) trillion dollars.
The reports also revealed that the volume of income generated from the drug trade in the world amounts to about (688) billion dollars, and that (150) billion dollars of these operations occur in the United States of America. And (5) billions in Britain, (33) billion in European countries, and (500) billion in the rest of the world.
There were some other conventions like
The 1988 United Nations Convention:
This agreement aims to enhance cooperation between countries so that they can effectively address the various aspects of the problem of illicit trafficking in narcotic drugs and psychotropic substances. It is considered the first international agreement to address the issue of money laundering. This agreement has left the states with the freedom to act and take the measures that each state deems appropriate, according to its circumstances, to prohibit the prevention of distortion, disguise, alteration or omission of the truth of funds. If it was obtained from a serious crime.
Economic Action Committee on Money Laundering:
This committee was established at the initiative of the heads of government of the seven industrialized countries, with the aim of hindering and discovering money laundering activities. In 1990, this committee issued forty recommendations. Among them was the implementation of the Anti-Money Laundering Law and the development of banking laws to discover suspects and report suspected cases.
Basel Committee on Banking Supervision:
In 1988, this committee issued the Law of Principles, which prohibited the use of banks for criminal activities for purposes related to money laundering. This law stipulates the necessity of preventing commercial transactions with a criminal background, especially "resulting from money laundering operations, and contributing to the discovery and prevention of such transactions."
Kingston Declaration on Money Laundering:
Within this declaration, a group of ministers and representatives of the governments of the Caribbean and Latin American countries who met in Kingston, Jamaica from October 5-6, 1992 The meeting countries agreed to sign and implement the 1988 United Nations Declaration against the Trafficking of Narcotic Drugs or Psychotropic Drugs, and also agreed to accept and implement the Forty Recommendations. They also recommended in this declaration that each country establish laws and regulations related to the seizure and confiscation of property and profits resulting from drug smuggling.
Department for Prevention and Confiscation of Funds Derived from Criminal Acts (VOPAC):
This department was established in 1993 as an INTERPOL department whose mission is to collect information and news, translate and preserve it in a special archive. It also conducts studies related to the pursuit of illegal assets in the outside
But think of a society when the one who stops doing the thing is the one who invents and makes it flourish
Then she finished her blog and started a new book and then the phone started ringing again, ringing, ringing, ringing, ringing
Opening the phone, he heard a voice saying, "Come on, gamal, we're late for class. Where are you now?"
He replied, "What lesson?"