TANMIYAT AL-RAFIDAIN

Abstract

Abstract

Money laundry is considered to be one of the expressions which has been tackled among the international scales. The international territories have recently interested in the issues of economic crimes and social security. Money laundry is connected extremely with illegal activities. The operations of money laundry usually exceed the limits of laws validity that may have been considered as crimes in nature inside the territorial borders. Money laundry is connected with the political corruption which is naturally accompanied with availing the execution of great resources and smuggling money abroad for laundering it and coming back in a lawful way or using money as materialistic properties or houses, gold or bank notes. The processing of money laundry is done in many tactics. It ranges from simplicity into sophisticated forms according to the circumstances and business nature. Technology has a dangerous role in developing the tactics for laundering money. It leads to smuggling of money abroad and loss in production of capitalism. It prevents production of goods and services which reflexes negatively on the national income

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