Study of accountants’ performance to combat money laundering

Abstract

In current years, globalization of economy, release of currents of international capitals, development of electronic banking, innovation and using new tools of electronic transfer of money at international level has facilitated money laundering to some extent and money launderers often transfer their networks to the countries that have weak financial systems or the countries that do not take any effective actions against money launderers. Money laundering has imposed many negative effects on economic, security, and political, etc. areas so that it has led to adopting solutions and strategies by international and regional organizations and most of the world countries to combat this phenomenon. The current research studies the accountants’ role to combat money laundering. Since accountants are involved in financial operations and the relevant documents to it as the staff working for financial institutions and banking systems, they could play a very effective role to combat money laundering.