INTERNATIONAL BODIES WITH DUTIES IN FIGHTING AGAINST MONEY LAUNDERING
INTERNATIONAL BODIES WITH DUTIES IN FIGHTING AGAINST MONEY LAUNDERING

Summary/Abstract: THIS ARTICLE AIMS TO ANALYZE THE ROLE OF THE MAIN BODIES HAVING DUTIES IN FIGHTING MONEY LAUNDERING INTERNATIONAL WIDE. THE SCANDALS INCURRED DURING THE LAST FEW YEARS, REGARDING MONEY LAUNDERING BY MEANS OF FISCAL PARADISES, INCREASED THE PUBLIC PRESSURE ON THE BANKING SYSTEM. JOURNALISTIC INVESTIGATIONS RAN FOR THE DISCOVERY OF THE FRONT COMPANIES USED TO DISSIMULATE SIGNIFICANT FUNDS, PROVED TO BE EXTREMELY EFFICIENT, ESPECIALLY DUE TO THE SPEED OF COMMUNICATION AND THE LACK OF BUREAUCRATIC BARRIERS. THE BANKING SECRET, ARGUED MOST OF THE TIMES WHEN SOLICITING OFFICIAL INFORMATION FROM OTHER JURISDICTIONS, GRADUALLY BECAME A CONTESTED CONCEPT. THE LEAK OF CONFIDENTIAL DATA WITHIN THE AREA OF INFORMATION SERVICES FACILITATED THE DIGGING OUT OF MONEY AMOUNTS GREEDILY HIDDEN BY BUSINESSMEN, FAMOUS SPORTSMEN, POLITICIANS OR MULTINATIONAL COMPANIES THAT BENEFITED FROM THE SUPPORT OF LAWYERS, FISCAL CONSULTANTS AND FINANCIAL INSTITUTIONS. ROMANIA IS TAKING PART IN THE INTERNATIONAL EFFORTS MADE TO FIGHT SUCH PHENOMENON, YET, THEY MUST ALLOCATE ADDITIONAL RESOURCES IN ORDER TO INCREASE THE INVESTIGATIVE CAPABILITY AND CONFISCATION OF THE CRIMINAL PRODUCT.

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