文章基本信息

标题：Efforts of Controlling Money Laundering of Narcotics Money in Saudi Arabia
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作者：Khaled A. ALASMARI
期刊名称：European Journal of Interdisciplinary Studies
电子版ISSN：2067-3795
出版年度：2014
卷号：6
期号：1-6
出版社：Academy of Economic Studies (ASE)
摘要：Money laundering is a silent crime. It is a crime based on another crime. Its goal is to cover up the sourceof large sums of money that criminals often gather from their criminal activities. Saudi Arabia, like manycountries around the world is affected by money laundering. This is because money laundering washesmoney collected from different sources to finance criminal activities. This paper will analyze the situationof money laundering in narcotics as it applies in Saudi Arabia. To achieve this end, the paper will firstdefine important terms such as money laundering and narcotics. It will then explain the relationshipbetween money laundering, narcotics trade, and terrorism activities. This background information willform the base for analyzing the various efforts that the Saudi Arabia nation has in place for counteringmoney laundering in narcotics trade. The paper will then explain the challenges facing these efforts, andthe future of money laundering in Saudi Arabia. The largest criminal activity associated with moneylaundering is terrorism financing. Thus, money is collected from different sources such as charityorganizations, private donations, dealing in arms, and drug trafficking. The several terror attacksassociated with Saudi Arabia’s terror groups like Al-Qaida have made the government realize theimportance of curbing money laundering in an effort to counter terrorism. Thus, anti-money launderingstrategies are set in place to address all the avenues of money laundering. According to Saudi Arabia,money laundering in narcotics trade is not a significant source of money. This is because of the manystrategies in place against narcotics trade are used, including a capital punishment for narcotics traders.These efforts together control money laundering and narcotics trade in Saudi Arabia
关键词：money laundering; narcotics trade; Saudi Arabia; terrorism; Saudi Arabia Monetary Agency; anti-money laundering