Criminal liability of banks for the crime of money laundering

Abstract

Abstract: Banks have a great responsibility in the field of preventing money laundering, as it is the first step through which the crime passes. Therefore, they must be careful and attentive in this area and cut off criminals. Banks may find themselves partners in the crime without their knowledge, due to lack of attention and failure to take risks and appropriate measures. Failure to follow a financial and banking policy that addresses this crime before it occurs, in addition to training its employees and developing their capabilities on financing methods and the tricks and tricks of those with illegal income.