Money Laundering in Light of Civil Legal Theories

Objectives: This study aimed to elucidate money laundering, widely acknowledged by different international bodies and instruments. In the domain of money laundering, two main aspects can be approached both doctrinally and practically. Methodology: In this study, we will use the analytical approach and the descriptive approach of money laundering related to the subject of the study. Results: This body of essay concludes that money laundering is a crime under numerous legislative regimes, and its relationship with the principal felony can be ascertained through the determination of its characteristicsRecommendations: Money laundering represents the process whereby the assets or earnings obtained through criminal activities are invested into various legal activities and real legal assets or goods, as part of today's free market or system, thus appearing to be lawfully and rightfully obtained resources. In addition, the concepts of money laundering also include the definition of proceeds of crime (direct or indirect benefit from criminal activities) and criminal assets (proceeds covered by money laundering offences found not to be invested into criminal activities). In the doctrinal framework, money laundering is viewed in the light of the main concepts of globalization, world economy, transnational, organized crime in correlation - i.e., with economic side of the criminal offences (the black economy).