THE INTERNATIONAL EFFECT OF MONEY LAUNDERING LAWS

Money laundering is the only way of getting the proceeds of criminal activity into the economy. Without it the criminal cannot profit from his endeavour. So, governments worldwide are trying to find new ways of preventing criminals profiting from their crimes. They are using hard law, they are using outreach provisions. They are creating new areas of risk for those engaged in all manner of trade both domestically and with any international aspect. This paper shows why.