Money Laundering and Other Forms of Financial Crime

Financial crime has had a huge growth in the last 30 years. It has a negative dynamic phenomenon that is present all over the world, while having an impact on all spheres in countries. All these points to the fact that financial crime is very unpredictable, with the main goal being to gain as much power or profit as possible based on the illegal methods and approaches that are being applied. Financial crime can be committed by companies, organized crime groups or individuals. Citizens, companies, government structures and, in extreme cases, entire national economies can be victims of this criminality. There are several reasons for the increase in financial crime, the first of which is the low prison sentences for the perpetrators, then the impossibility of proving the acts, but also their insufficient regulation of protection and control measures by the state. Bearing in mind the danger of this trend of growth of this type of crime, there is a clear need for states to stand in the way of the development of financial crime. In this paper a wide literature has been used relevant for the topic.