Problems of countering the legalization of proceeds from criminal activity (on the example of the Kingdom of Bahrain)

Umidakhon Sobitova

doi:10.47689/2181-1415-vol5-iss1/S-pp320-327

Umidakhon Sobitova Teacher, Department of Court, Law Enforcement Agencies and Advocacy, Tashkent State University of Law, Tashkent, Uzbekistan

DOI

https://doi.org/10.47689/2181-1415-vol5-iss1/S-pp320-327

Keywords

FATF , preferential treatment , Financial Intelligence Department , phase , cyber fraud

Abstract

This article examines the challenges of combating money laundering and terrorist financing in offshore territories of the Kingdom of Bahrain. Additionally, it reveals the methods and mechanisms of money laundering within this jurisdiction. It also provides examples from notable cases. The article analyzes the Basel AML Index indicators, part of a study by the Basel Institute under the United Nations Crime Prevention and Criminal Justice Program Network. These indicators cover a broad spectrum of risk factors, each with its own focus and scope. The rating's calculation is based on indicators organized into five main categories, each weighted differently.

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Published

2024-01-15

How to Cite

Sobitova, U. (2024). Problems of countering the legalization of proceeds from criminal activity (on the example of the Kingdom of Bahrain). Society and Innovation, 5(1/S), 320–327. https://doi.org/10.47689/2181-1415-vol5-iss1/S-pp320-327