Comparative analysis of the prevention of the laundering of the proceeds of crime in different countries

Análisis comparativo de la prevención del blanqueo de dinero en diferentes países

• Nadezda Vasilievna Sedova Plekhanov Russian University of Economics. Moscow, Russia. https://orcid.org/0000-0002-5670-2437
• Darya Mikhailovna Melnikova Plekhanov Russian University of Economics. Moscow, Russia. https://orcid.org/0000-0002-2770-8282
• Ludmila Sergeevna Marien Plekhanov Russian University of Economics. Moscow, Russia. https://orcid.org/0000-0001-5695-8080
• Darina Alexandrovna Sizova Plekhanov Russian University of Economics. Moscow, Russia. https://orcid.org/0000-0001-7729-7234

DOI: https://doi.org/10.46398/cuestpol.4072.42

Keywords: anti-money laundering law, control threshold, criminal proceeds, financial intelligence, global financial sector

Abstract

The objective of the research was to analyze the fight against the laundering of money obtained by criminal means as one of the priorities of the socio-economic development of all countries with advanced economies. This is particularly important in the period of the fight against COVID-19, when countries faced global economic decline, growing budget deficits, and the need to find mechanisms to stimulate economic growth under conditions of a large number of restrictions imposed by coronavirus infection. The authors used the methods of analysis of scientific documents, laws and legal norms. As a result, a comparative analysis of the main elements of anti- money laundering systems in different countries was carried out and, in addition, the characteristics of the construction of AML/CFT systems at the international level are indicated. It is concluded that, as a rule, government authorities start from the understanding that banks know their customers and understand their operations better than the financial intelligence agency and the supervisory authority. Therefore, they also believe that it is necessary to send the financial intelligence agency already «leaked» information about suspicious transactions, which will probably be used by law enforcement authorities.

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