Dirty money in the banking sector

Author:Reeda Al Sabri Halawi
Position:Department of Criminal Law, Universiteit Leiden Faculteit der Rechtsgeleerdheid, Leiden, The Netherlands
Pages:527-542
SUMMARY

Purpose The purpose of this study is to analyze the Lebanese anti-money laundering (AML) paradigm in light of banking secrecy law. The phenomenon of money laundering that was first associated with the crime of drug trafficking developed a lot since the early 1900s to become a major threat to the world’s economy today. The fight against this ever-growing crime, with multiple sources and origins, has been the centre of attention of the biggest countries in the world. Thus, the need for international AML standards was required, by which countries must abide, to... (see full summary)


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