Stanislava Veselovská, Antonín Korauš, Jozef Polák
Pan-European university, Faculty of Economics, Tematinska 10, 851 05 Bratislava 5, Slovakia

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


The problem of money laundering as a process in which the money generated from the proceeds of crime is legalized is nowadays extremely current issue. The aim of money laundering is to achieve a situation where money would be “cleaned up” and should not attract the attention of law enforcement or tax authorities and should not raise doubts that they have been acquired in a legal way. Money laundering is a very dangerous crime for society, primarily because the money that is being legalized represents the proceeds of another very serious crime. The essence of this report is, in particular, the definition of the concept of “legalizing income from crime, or more precisely money laundering “, definition of phases of money laundering, money laundering methods, means of legalizing income from crime by defining characteristic features and amending Act no. 297/2008 of the National Council of the Slovak Republic on Protection against the Legalization of Income from Crime and on the Protection against Terrorist Financing. This paper is the output of the project “Modernisation and consolidation of R&D infrastructure in the area of financial security information technologies“ (Code of the project: 2623012000) and the project GAAA 11_2/2016  „A comparison of the business environment in selected countries in terms of individual market segments“.

Key words

legalization of income from criminal activity, criminal law, a crime, money laundering, organized crime, legislation, banking operations


[1]  DUHAIME, Ch. “What is Laundering? Duhaime’s Financial Crime and Anti-Money Laundering Law”. Retrieved 7 March 2014. 
[2]  “Financial Weapons of War, Minnesota Law Review (2016)”. SSRN 2765010
[3]   See for example the Anti-Money Laundering & Counter Terrorism Financing Act 2006 (Australia), the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (New Zealand), and the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap 615) (Hong Kong. See also (for example) guidance on IMF and FATF websites similarly conflating the concepts.
[4]   “Anti-Money Laundering – Getting The Deal Through – GTDT”. Getting The Deal  Through. Retrieved 28 May 2017.
[5]   REUTER, P. (2004). Chasing Dirty Money. Peterson. ISBN 978-0-88132-370-2. 
[6]   “History of Anti-Money Laundering Laws”. United States Department of the Treasury. 30 June 2015. Retrieved 30 June 2015.
[7]   ROBINSON, J: Pánové z prádelny špinavých peněz. Praha : Columbus, 1995. ISBN 80-85928-06
[8]   ŠANTA, J: K stavu a niektorým príčinám nízkej efektivity postihu trestného činu legalizácie príjmu z trestnej činnosti. Justičná revue. – Roč. 60, 2008, č. 5, str. 795 – 804
[9]   STIERANKA, J: Pranie špinavých peňazí. Bratislava : Ing. Miroslav Mračko – EPOS, 2001. ISBN 80-8057-410-3    
[10] National Bank of Slovakia,

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