Corruption Criminal Offenses as Predicate Economic Crimes to Money Laundering
Corruption Criminal Offenses as Predicate Economic Crimes to Money Laundering

Summary/Abstract: The paper assumes that corruption offenses, as one of the typical phenomenological forms of economic crime, represent predicate crimes to money laundering. Therefore, the principal goal of the paper is the examination of the causal link between money laundering and corruption criminal offenses. In order to questioning the validity of the starting hypothesis, in the first part of the paper, it is analyzed the international and European legal framework concerning corruption offenses as predicate crimes to money laundering. After analyzing the relevant provisions of the named legal framework, it seems that the next step is the process of considering the most common phenomenological forms of corruption offenses as predicate crimes to money laundering. However, since there are numerous phenomenological forms of corruption offenses, in this paper, it will be analyzed only the following: 1) abuse of office; 2) soliciting and accepting bribe as well as making bribe; 3) influence peddling and 4) embezzlement. Finally, the last part of the paper is dedicated to analyzing the methods of laundering the proceeds arising from corruption offenses, according to the criteria of the entity through which money is laundered. Considering the variety of phenomenological forms of money laundering arising from corruption offenses, as well as the concealment in the placement and integration of laundered money into legal financial flows, in the concluding considerations some recommendations, for implementing a proactive approach in the process of detecting this crime, are provided.

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