Stanislava Veselovská, Antonín Korauš, Jozef Polák
Pan-European university, Faculty of Economics, Tematinska 10, 851 05 Bratislava 5, Slovakia
DOI: https://doi.org/10.31410/EMAN.2018.342
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
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
References
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