Countering money laundering (legalization) in the context of digital transformation (financial legal aspect)

Abstract

The legal regulation of the sphere of money laundering prevention and the financing of terrorism is at the junction of several branches of law. This article attempts to analyze the norms of the relevant legislation through the prism of financial law. The purpose of this article is to determine the role and place of the concept of money in the legislation, as well as to determine the relationship between the process of digital transformation of money circulation and the current methods used by the legislator to prevent the use of finance for criminal purposes. The result of this article is the determination of prioritising of the legislation goals itself aimed at preventing money laundering and the financing of terrorism. As a conclusion it is proposed that the above-mentioned legislation is of the most applied nature and has specific practical goals, while the issue of development of legal regulation of monetary circulation is not among the priority goals.