Money Laundering as a Form of Illicit Profit-Making

Marjanović, Darko and Radičić, Dragana (2013) Money Laundering as a Form of Illicit Profit-Making. Anali Ekonomskog fakulteta u Subotici, 49 (29). pp. 23-32. ISSN 0350-2120

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Abstract

Laundering money includes activities directed toward the concealing the source of benefit obtained by illicit means, as well as placing, depositing and other availability of these means with creating the illusory legality. Therefore, money laundering is any technique oriented to the transfer of dishonest and illicit obtained income making the act as being honest and legal profit. Money laundering, as well as other illicit activities, causes regressive income distribution and creating big consumer power of an individual in the conditions of the general recession. Large resources obtained by money laundering influence the increase of luxurious goods demand, price increase of real estates and some consumer goods, and all the above cited increases inflation. Any case of money laundering can be proved, but it needs a serious work and efficient process of revealing and sanctioning. To launder money, it must enter the legal flows. Once being in legal flows, the origin of this money must be proved.

Item Type: Article
Additional Information: COBISS.ID=198938124
Uncontrolled Keywords: money laundering, transactions, investment, concealing money, integration
Research Department: Sectoral Economics
Depositing User: Jelena Banovic
Date Deposited: 30 Aug 2018 10:14
Last Modified: 03 May 2020 14:59
URI: http://ebooks.ien.bg.ac.rs/id/eprint/1243

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