Proving the involvement of legal entities – credit institutions – in ‘stand-alone’ money-laundering cases

Abstract

"In a number of European Union countries, there have been cases where credit institutions and their infrastructure are used for money laundering, and the Republic of Latvia is no exception. The purpose of this article is to analyse the national and international legal frameworks in the field of autonomous money laundering, paying special attention to the use of the indirect proof method for proving the involvement of credit institutions in money laundering and the customer control mechanism implemented by credit institutions. The article has an introduction, three chapters and a conclusion. The first chapter of the article examines the national and international legal framework in the field of money laundering, the second chapter analyses ‘stand-alone’ money laundering and its proof, or the importance of indirect evidence in crimes of money laundering, and the third chapter deals with the identification of money laundering in credit institutions in the Republic of Latvia. Generally recognized scientific research methods, as well as legal interpretation methods, were used in the preparation of the article. Keywords: coercive measures, indirect proof method, ‘stand-alone’."