PRANJE NOVCA
MONEY LAUNDERING

Summary/Abstract: Money laundering is process of legalization of illegally obtained property. Initial activities on combating this phenomena with beginnings of intensive campaign called „war on drugs“ at international level. First anti-money laundering standards were set up by Vienna Convention of United Nations when money laundering was perceived as activity strongly connected with legalization of property originally obtained by illegal production and trade of psychotropic substances. These challenges are related with issue of harmonization of money laundering definition as criminal offence (certain related with questions of actus reus and mens rea, scope of criminalization in relation with predicate offence, self laundering issue, subjects of money laundering offence, accessory etc.). Harmonization is condition sine qua non for effective international cooperation in criminal matters of money laundering which brings the issue of personal data protection and the right to a fair trial. In this sense evolution of EU legal instruments in this field and to address promptly of BiH. Nowadays is evident and recent standards widely criminalize money laundering and promotes intensive international cooperation in combating money laundering. Potential member states of EU should harmonize their legal instruments with relevant standards. The also Bosnia and Herzegovina has established adequate legal and institutional anti-money laundering framework with different approaches in criminalization of this phenomena.

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