Eva Jančíková​
University of Economics in Bratislava, Faculty of International Relations, Dolnozemská cesta 1, 852 35 Bratislava 5, Slovakia
Stanislava Veselovská
​Paneuropean University in Bratislava, Faculty of Economics and Entrepreneurship, Tematinská 10, 851 05 Bratislava, Slovak Republic
​​​​DOI: https://doi.org/10.31410/EMAN.2018.334

​​2nd International Scientific Conference – EMAN 2018 – Economics and Management: How to Cope With Disrupted Times, Ljubljana – Slovenia, March 22, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Management Koper, Slovenia; Doba Business School – Maribor, Slovenia; Integrated Business Faculty –  Skopje, Macedonia; Faculty of Management – Zajecar, Serbia, ISBN 978-86-80194-11-0


Abstract​

Money laundering and terrorism financing can have potentially devastating social, economic, and security consequences. Combating Money laundering is an important part of the overall fight to drug dealing, organised crime and since a number of years, also against terrorist financing. The past twenty years we can see an enormous amount of technological changes and the banking industry has to be prepared to adapt their procedures to the new innovative products and technologies. The aim of this paper is to define the impact of new products and technologies on banks’ practices in the fight against money laundering and terrorist financing. In order to meet our aim we analyse how the banking sector in Slovak Republic is prepared to handle these new challenges. We are evaluating primary and secondary data, using qualitative methods such as analysis, synthesis, comparison and basic statistical methods.

Key words

Money Laundering, Terrorism financing, New Technologies, Banking industry in SR


References

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