Abstract
<p class="matn">Crime prevention is crucial to social life which necessitates the need for conducting criminology studies to identify the causes of the crime. In this paper, we focus on money laundering crime. First we discuss about money laundering crime in Iran’s penal system, and after presenting its criminological characteristics (transnational, organized and victimless), we review Iran’s legal system and the international conventions about this crime. Then, since major situational prevention measures against money laundering<strong> </strong>are related to the banks and financial institutions, we proposed some measures for financial institutions such as staff training, adjusting banking secrecy laws, monitoring money transfer, reporting large cash transactions, and reporting suspicious transactions. Results showed that Iran’s anti money laundering laws are in accordance with Merida convention, for example, in terms of identification, record-keeping and the reporting, but do not obligate the identification of customer when there is criminal evidence.</p>
Highlights
Money laundering happens in almost every country in the world
Since major situational prevention measures against money laundering are related to the banks and financial institutions, we proposed some measures for financial institutions such as staff training, adjusting banking secrecy laws, monitoring money transfer, reporting large cash transactions, and reporting suspicious transactions
Money laundering as one of the macro-economic organized crimes which has been addressed in the in the United Nations Convention against Corruption (UNCC) (Merida Convention), is described as a process by which criminals disguise the original ownership and control of the proceeds of criminal conduct by making such proceeds appear to have derived from a legitimate source
Summary
Money laundering happens in almost every country in the world. In money laundering, on one hand, we face a crime that has some proceeds which should be laundered, and on the other hand, we encounter with possible crimes that may be occur after the money laundering. Due to the absence of direct victim in money laundering crime, there is a need for seeking alternate entities to take supportive acts For this purpose, according to United Nations Convention against Transnational Organized Crime (UNCTOC) (Palermo convention), the states shall institute a comprehensive domestic regulatory and supervisory regime for banks and non-bank financial institutions like beneficial owner identification, keeping records and reporting suspicious transactions. In this regard, Financial Action Task Force (FATF) was formed in 1989 to develop and promote international cooperation for combating money laundering in international level. Is SCP against money laundering has been addressed in Iran’s anti-money laundering act?
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
